Location: Lake and Peninsula Borough, AK | Metro: Lake and Peninsula Borough, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 99625, located in the Lake and Peninsula Borough, AK metro area, reveals several key points that are crucial for landlords and small-portfolio investors.
Firstly, regarding the rent math, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,030. However, the absence of specific market rent data makes it challenging to directly compare these figures. Without a market rent benchmark, it's impossible to conclusively state whether renting at the FMR level will be profitable or competitive.
Secondly, the acquisition affordability in ZIP 99625 cannot be fully assessed due to the lack of data on median home values, days on market (DOM), and the percentage of homes that have been listed with a price cut. These metrics are essential for understanding the local real estate market dynamics and the potential cost and ease of acquiring rental properties.
Lastly, there is a notable tenant demand in this ZIP code. With a total population of 8 and all residents being renters, the 100.0% renter share indicates a strong reliance on rental housing. This high demand suggests that any rental property could potentially attract tenants quickly, though the small population size limits the overall scale of potential occupancy.
Verdict: While there is a clear indication of high tenant demand due to the 100.0% renter share, the lack of specific market rent data and other critical real estate metrics such as median home value and DOM make it difficult to definitively assess the profitability and acquisition feasibility in ZIP 99625. Investors should proceed with caution and seek additional local data to inform their decisions. The FMR of $1,030 provides a guideline but must be contextualized within the broader local market conditions to determine 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.