Location: Kodiak Island Borough, AK | Metro: Kodiak Island Borough, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,560 |
| 1 Bedroom | $1,710 |
| 2 Bedrooms | $2,240 |
| 3 Bedrooms | $2,720 |
| 4 Bedrooms | $2,940 |
| 5 Bedrooms | $3,410 |
| 6 Bedrooms | $3,819 |
| 7 Bedrooms | $4,125 |
| 8 Bedrooms | $4,331 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 99644 in fiscal year 2026 is set at $2,080. This figure represents the payment standard for Section 8 housing vouchers, meaning that if you participate in the program, the government will pay up to $2,080 per month for a unit in this area. It's important to note that this does not necessarily reflect the actual rent you can charge your tenants.
Local average rents are currently listed as N/A, which means there isn't enough data to provide an accurate comparison. However, with 27.8% of the population renting homes, there is a significant demand for rental properties in this area. This high percentage suggests that many people are looking for places to live, making it a potentially good market for Section 8 rentals.
The acquisition cost for properties in this ZIP code is also listed as N/A, indicating that specific data on property values is not available. Despite this lack of detail, the high renter share implies a competitive market for rentals, which could mean steady occupancy rates for your property.
Before deciding to enter the Section 8 rental market in ZIP 99644, one critical factor to verify is the condition of the property. The Housing Quality Standards (HQS) must be met to qualify for the program. This includes ensuring that all aspects of the home are in good working order and safe for habitation, as these standards are strictly enforced by the government.
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.