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)
19.1% of residents in ZIP code 99630 are renters, indicating a moderate demand for rental properties. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,940, which is significantly higher than the actual market rent of $615 as reported by the Census ACS. This disparity suggests a potential opportunity for landlords to increase rents closer to the FMR without losing tenants. However, the median income of $28,542 must be considered when setting rent prices, as it limits the financial capacity of many renters. Despite the lack of data on days on market (DOM) and the percentage of price-cut share, these figures indicate a stable rental market where properties can command higher rents due to the Section 8 program. The absence of a median home value figure implies a focus on rental properties rather than homeownership in the area.
The $1,940 FMR provides a benchmark for landlords participating in the Section 8 program, ensuring that their rental units remain competitive and financially viable. Given the lower market rent of $615, landlords could potentially see an increase in rental income by participating in Section 8, aligning their rent with the FMR while still being affordable for low-income tenants. The moderate renter share of 19.1% also supports the idea that there is a steady demand for rental housing, which can be met through Section 8 vouchers.
The median income of $28,542 underscores the necessity for affordable housing options, making the Section 8 program a critical component of the local rental market. Landlords who adjust their rents to the FMR while accepting Section 8 vouchers can benefit from a more stable tenant base and higher rental income compared to the current market rates.
Verdict: ZIP code 99630 presents a favorable environment for landlords to participate in the Section 8 program, given the potential to raise rents closer to the FMR while serving a population with limited financial resources.
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.