Location: Aleutians East Borough, AK | Metro: Aleutians East Borough, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,010 |
| 1 Bedroom | $1,290 |
| 2 Bedrooms | $1,400 |
| 3 Bedrooms | $1,670 |
| 4 Bedrooms | $2,300 |
| 5 Bedrooms | $2,668 |
| 6 Bedrooms | $2,988 |
| 7 Bedrooms | $3,227 |
| 8 Bedrooms | $3,388 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 99553 is set at $1,390 for the metro area fiscal year 2026. This figure represents the payment standard under the Section 8 Housing Choice Voucher program, meaning that if you participate in this program, your rental income will be capped at this amount. It's important to note that this is not the actual rent you can charge tenants; it's the maximum subsidy the government will pay on behalf of eligible renters.
While the local median rent is listed as N/A, we can still analyze the market based on the percentage of renters in the area. With 43.6% of the population renting, there is a substantial demand for rental properties, indicating a robust market for potential Section 8 participants. However, the lack of specific local median rent data makes direct comparisons challenging, so it's essential to gather more localized information.
The acquisition cost for new rental properties in ZIP 99553 is also listed as N/A. This suggests that additional research is needed to understand the typical costs associated with purchasing a property in this area. Knowing these costs will help you determine whether the FMR of $1,390 is sufficient to cover your expenses and provide a reasonable profit margin.
To proceed with confidence, verify the actual median rent for ZIP 99553. This will give you a clearer picture of how the FMR compares to the local market rates, helping you decide if participating in the Section 8 program is financially viable for your investment goals.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.