Location: Bethel Census Area, AK | Metro: Bethel Census Area, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,740 |
| 1 Bedroom | $1,810 |
| 2 Bedrooms | $1,970 |
| 3 Bedrooms | $2,350 |
| 4 Bedrooms | $2,590 |
| 5 Bedrooms | $3,004 |
| 6 Bedrooms | $3,364 |
| 7 Bedrooms | $3,633 |
| 8 Bedrooms | $3,815 |
U.S. Census Bureau data (2024)
0.0% of renters in ZIP code 99589 indicate a minimal reliance on rental housing, suggesting a niche market for landlords. $26,875 stands as the median income for this area, which is crucial for determining eligibility for Section 8 housing vouchers. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,940, providing a benchmark for rental pricing.
The lack of available data on market rent and median home values means that there's limited insight into the broader real estate trends in 99589. However, the absence of days on market (DOM) and price-cut share percentages suggests stability in property pricing, without frequent adjustments.
Investors should note that the $1,940 FMR for the metro area in fiscal year 2026 is the maximum amount a Section 8 voucher holder can pay towards their rent. Given the low renter share, landlords might find fewer applicants looking for subsidized housing, but those who do qualify will have a fixed budget based on the FMR.
$26,875 median income figures are critical for assessing the financial health of potential tenants. This figure helps determine the income limit for households to qualify for Section 8 assistance, ensuring that landlords can screen tenants effectively.
The stable property market in ZIP 99589, as indicated by the lack of frequent price adjustments, presents an opportunity for long-term investments. Landlords can expect steady rental incomes, provided they adhere to the $1,940 FMR for Section 8 tenants.
A final consideration for landlords is the eligibility process for Section 8 vouchers. With a median income of $26,875, the household size and income limits must be carefully calculated to ensure compliance with federal guidelines.
Based on the available data, ZIP 99589 offers a stable investment environment for Section 8 properties, with a clear understanding of the FMR and median income levels guiding rental pricing and tenant selection.
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.