Location: Aleutians West Census Area, AK | Metro: Aleutians West Census Area, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,420 |
| 1 Bedroom | $1,510 |
| 2 Bedrooms | $1,980 |
| 3 Bedrooms | $2,390 |
| 4 Bedrooms | $2,620 |
| 5 Bedrooms | $3,039 |
| 6 Bedrooms | $3,404 |
| 7 Bedrooms | $3,676 |
| 8 Bedrooms | $3,860 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 99660, located in the Aleutians West Census Area, AK, reveals several key points for landlords and small-portfolio investors.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for the area in fiscal year 2026 is set at $1,810, while the current market rent as per the Census ACS is significantly lower at $971. This discrepancy suggests that landlords may find it challenging to charge the FMR without potentially leaving units vacant due to the higher cost compared to what tenants are currently paying.
Moving on to the affordability of acquisition, the median home value in this ZIP code is listed as N/A, indicating limited data availability. Similarly, the average days on market (DOM) and the percentage of homes requiring price cuts are also not available. These missing metrics make it difficult to assess the ease or cost of acquiring rental properties in the area.
Regarding tenant demand, the population of ZIP 99660 stands at 378 individuals, with 57.1% of them being renters. This high percentage of renters indicates a strong potential for tenant demand, although the small overall population means the number of potential tenants is limited.
In summary, the rent math does not align favorably with the current market conditions in ZIP 99660, as the FMR exceeds the actual market rent by a substantial margin. The lack of data on median home values, DOM, and price-cut percentages complicates an assessment of acquisition costs and timing. However, the high renter share among the local population does suggest a viable tenant base. For landlords and investors, the decision to enter this market should be made cautiously, taking into account the limited scale of opportunities and the need to align rents with market expectations.
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.