Location: Bristol Bay Borough, AK | Metro: Bristol Bay Borough, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,830 |
| 4 Bedrooms | $2,170 |
| 5 Bedrooms | $2,517 |
| 6 Bedrooms | $2,819 |
| 7 Bedrooms | $3,045 |
| 8 Bedrooms | $3,197 |
U.S. Census Bureau data (2024)
ZIP 99633, located in the Bristol Bay Borough, AK metro area, is best suited as a cash-flow anchor within a Section 8 portfolio strategy. This designation is based on the significant spread between the Fair Market Rent (FMR) and the market rent, which favors the stability and predictability that anchors provide.
The FMR for ZIP 99633 in fiscal year 2026 is set at $1,290. In contrast, the current market rent stands at $1,356. This means that landlords participating in the Section 8 program can expect to receive a consistent rental income that is slightly below the market rate but still substantial. The difference of $66 between the FMR and the market rent ensures that the property will not be significantly under-rented, providing a reliable source of cash flow.
Furthermore, the median home value is not applicable in this context, suggesting that the area may have limited housing stock or a focus on rental properties over homeownership. With a median income of $88,750, residents in ZIP 99633 are likely to find the cost of living manageable, even with the slightly lower rental rates offered through the Section 8 program.
The high renter share of 41.3% indicates a strong demand for rental properties in the area. This high percentage suggests that there are many potential tenants who would benefit from the Section 8 program, thereby increasing the likelihood of maintaining a steady occupancy rate and consistent cash flow.
In conclusion, ZIP 99633 should be considered as a cash-flow anchor due to the favorable spread between FMR and market rent, coupled with a high renter share and a median income that supports the ability to pay. This makes it an excellent choice for landlords and small-portfolio investors looking to stabilize their income streams within their Section 8 portfolios.
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.