Location: Kenai Peninsula Borough, AK | Metro: Kenai Peninsula Borough, AK
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,190 |
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $2,170 |
| 4 Bedrooms | $2,630 |
| 5 Bedrooms | $3,051 |
| 6 Bedrooms | $3,417 |
| 7 Bedrooms | $3,690 |
| 8 Bedrooms | $3,875 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,170 | $521,222 | 0.42% | F |
U.S. Census Bureau data (2024)
ZIP code 99572, located in Cooper Landing, AK, is best suited as a diversifier within a Section 8 portfolio strategy. The median home value of $463,508 stands out as a significant figure, indicating that this area is relatively expensive compared to other regions in Alaska. However, this high median home value does not necessarily translate into strong rental demand or high appreciation potential due to the unique characteristics of the local market.
The renter share in ZIP 99572 is 29.1%, which is above the national average, making it an attractive location for landlords interested in expanding their rental offerings. Additionally, the median income of $143,672 is quite robust, suggesting that tenants in this area have a higher capacity to pay rent. This financial stability can be beneficial for landlords, as it reduces the risk of non-payment and ensures a steady cash flow.
Despite these positive factors, the lack of specific data on price-cut shares and days on market (DOM) indicates that the local real estate market might not be experiencing rapid appreciation. Therefore, while there may be some potential for property value growth over time, it is not the primary reason to include ZIP 99572 in a Section 8 portfolio.
The most compelling argument for including this ZIP code in a Section 8 portfolio is its role as a diversifier. By adding properties in areas with different economic profiles and demographic characteristics, landlords can mitigate risks associated with relying too heavily on any single market. The high median income and substantial renter share in 99572 make it a valuable addition to a diversified portfolio, ensuring that landlords are not overly exposed to the volatility of a single type of investment.
Moreover, the Fair Market Rent (FMR) for the 99572 metro area in fiscal year 2026 is set at $1,490, which aligns well with the local rental market dynamics. Given the absence of specific market data, the FMR provides a reliable benchmark for setting rental prices that are both competitive and sustainable.
In conclusion, ZIP 99572 serves as a strategic diversifier in a Section 8 portfolio, offering a mix of high median income, substantial renter share, and a stable rental market that can provide consistent cash flow without the expectation of rapid appreciation.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.