Location: Aleutians East Borough, AK | Metro: Aleutians East Borough, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $2,060 |
| 5 Bedrooms | $2,390 |
| 6 Bedrooms | $2,677 |
| 7 Bedrooms | $2,891 |
| 8 Bedrooms | $3,036 |
U.S. Census Bureau data (2024)
43.7% of residents in ZIP 99612 are renters, indicating a significant demand for rental properties in the area. The Fair Market Rent (FMR) for ZIP 99612, as set by the metro for fiscal year 2026, is $1,230, which provides a benchmark for landlords to price their units competitively. In comparison, the actual market rent reported by the Census ACS is $923, suggesting that there is room for rental price increases without exceeding the FMR. However, the median income of $61,645 must be considered when setting rents to ensure affordability for potential tenants. Despite the lack of available data on days on market (DOM) and the percentage of price-cut shares, it's clear that the rental market in 99612 has a strong foundation due to the high renter share and the gap between market rent and FMR.
The disparity between the FMR and the current market rent offers an opportunity for landlords to increase their rental rates while still remaining within the guidelines set by HUD for Section 8 vouchers. This can help landlords cover maintenance costs, property taxes, and other expenses associated with owning rental properties. Moreover, the high percentage of renters in the area ensures a steady pool of potential tenants, reducing the risk of vacancy.
A landlord considering the Section 8 program in ZIP 99612 should be aware of the benefits and drawbacks. On one hand, the program guarantees a stable source of income through government subsidies, which can be particularly advantageous given the relatively low median income in the area. On the other hand, landlords will need to adhere to HUD's regulations regarding unit quality and rent pricing, which may require additional investment in property upkeep.
Given the data, landlords in ZIP 99612 can expect to see a positive impact on their rental portfolio by participating in the Section 8 program. The high renter share and the gap between FMR and market rent suggest that there is ample opportunity to attract tenants who benefit from the voucher system, ensuring a consistent income stream.
Verdict: ZIP 99612 presents a favorable environment for landlords interested in the Section 8 program, with a substantial tenant base and room for competitive rental rate increases.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.