Location: Bethel Census Area, AK | Metro: Bethel Census Area, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,520 |
| 1 Bedroom | $1,550 |
| 2 Bedrooms | $1,750 |
| 3 Bedrooms | $2,100 |
| 4 Bedrooms | $2,310 |
| 5 Bedrooms | $2,680 |
| 6 Bedrooms | $3,002 |
| 7 Bedrooms | $3,242 |
| 8 Bedrooms | $3,404 |
U.S. Census Bureau data (2024)
26.1% of residents in ZIP code 99621 are renters, indicating a significant demand for rental properties in the area. This percentage aligns well with the $725 market rent observed, which is notably lower than the Fair Market Rent (FMR) of $1,710 set for the metro area in fiscal year 2026. The disparity between the FMR and the actual market rent suggests that there is room for price adjustment upwards, benefiting landlords who can provide quality housing at competitive rates.
$51,917 is the median income in ZIP 99621, a figure that landlords should consider when setting rents to ensure affordability for potential tenants. Given the lower market rent compared to the FMR, it's evident that many residents rely on affordable housing options, making rental properties an attractive investment opportunity.
The lack of data for days on market (DOM) and the percentage of price-cut shares indicates stability in the local real estate market. Without frequent fluctuations in property values or extended periods of unsold inventory, landlords and small-portfolio investors can expect steady returns without the need for constant adjustments to their rental pricing strategies.
In conclusion, ZIP 99621 presents a favorable environment for Section 8 investments. With a substantial portion of residents being renters and the current market rent significantly below the FMR, properties that qualify for Section 8 can attract tenants while still offering landlords a reasonable profit margin. The stable real estate market further supports long-term investment viability.
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.