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)
The analysis of ZIP code 99651 reveals a unique market scenario when compared against the Federal Market Rent (FMR) figures and other available metrics for the area. With an FMR of $1,940 for the fiscal year 2026, the rental market in this region is clearly oriented towards government-subsidized housing through programs such as Section 8. This sets a benchmark for rental yields, indicating that landlords can expect to receive this amount per unit, adjusted for local conditions.
The lack of specific market rent and home value data suggests that traditional private-market metrics do not provide a comprehensive picture. However, given the high reliance on Section 8 subsidies, it's reasonable to infer that the rental market is heavily influenced by these programs, which typically offer stable but not exceptionally high yields.
In terms of stability, 25.0% of residents are renters, a figure that points to a moderate level of tenant turnover. The absence of data on days on market (DOM) and median income complicates a full assessment of stability; however, the dependency on Section 8 suggests that there is a consistent demand for rental properties, albeit at the subsidized rate.
The classification of ZIP 99651 leans towards being a steady-cashflow zone. This conclusion is driven primarily by the reliance on Section 8 subsidies, which provide predictable income streams. While the yield is capped at the FMR level, the market does not appear to be characterized by the high volatility often associated with 'flip-style' markets. The moderate percentage of renters also supports this classification, as it indicates a balanced mix of ownership and rental, which generally contributes to a more stable local economy.
Landlords and small-portfolio investors should consider the limitations imposed by the Section 8 program, including rent ceilings and potential administrative burdens. However, the steady demand for subsidized housing and the predictability of income make this a viable option for those seeking reliable cash flow over potentially higher returns.
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.