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 median income for ZIP 99649 is reported to be $95,625. While this figure is higher than many other areas in the United States, it does not necessarily indicate a high appreciation potential given the limited market data. The renter share in this area is 13.0%, which suggests that there is a significant portion of the population relying on rental housing, making it a viable option for landlords and small-portfolio investors.
Although the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is stated to be $1,030, specific market data such as median home value and price-cut share are not available. This lack of detailed market information supports the diversification strategy, as it introduces an element of uncertainty and requires careful consideration of risk management practices.
The absence of data regarding median home value and price-cut share makes it difficult to assess whether this ZIP code would serve as a cash-flow anchor or an appreciation play. However, the 13.0% renter share indicates a steady demand for rental properties, which can provide a reliable source of income for investors.
In summary, ZIP 99649 should be viewed as a diversifier within a Section 8 portfolio strategy. Its median income and renter share suggest a stable but not overly lucrative investment opportunity. Landlords and small-portfolio investors should focus on understanding the local rental market dynamics and the specific needs of tenants in this area to ensure a successful and sustainable investment.
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.