Location: Aleutians West Census Area, AK | Metro: Aleutians West Census Area, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,730 |
| 1 Bedroom | $1,830 |
| 2 Bedrooms | $2,390 |
| 3 Bedrooms | $2,850 |
| 4 Bedrooms | $3,140 |
| 5 Bedrooms | $3,642 |
| 6 Bedrooms | $4,079 |
| 7 Bedrooms | $4,405 |
| 8 Bedrooms | $4,625 |
U.S. Census Bureau data (2024)
The ZIP code 99638 presents several challenges for landlords considering Section 8 investments. Tenant turnover is a significant concern, particularly when comparing the non-disclosed market rent rates to the Fair Market Rent (FMR) of $2,190 for FY 2026 in the metro area. High turnover can lead to increased costs associated with finding new tenants, including advertising expenses and potential delays in securing reliable occupants.
Vacancy exposure is another risk factor. With the days on market (DOM) not specified, it's difficult to predict how quickly properties will be filled. Vacancies can result in lost rental income and additional maintenance costs due to prolonged periods without tenants.
Deferred maintenance is also a risk, especially with the lack of data on typical home values and median incomes in the area. Without knowing these figures, it's challenging to assess the financial capacity of residents to cover maintenance needs, which can become burdensome for landlords.
Despite these risks, the ZIP code has a strong point in its favor: a 100.0% renter share. This indicates a high concentration of renters, which typically correlates with higher demand for housing vouchers. The presence of numerous voucher holders can mitigate the risk of vacancies and ensure steady rental income.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.