Section 8 Fair Market Rent (FMR) for ZIP 99665 - 2027
Location: Yukon-Koyukuk Census Area, AK | Metro: Yukon-Koyukuk Census Area, AK
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $950 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,970 |
| 5 Bedrooms | $2,285 |
| 6 Bedrooms | $2,559 |
| 7 Bedrooms | $2,764 |
| 8 Bedrooms | $2,902 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
A skeptical investor considering the ZIP code 99665 in Shageluk, AK might have several concerns. Let's address them with the available data.
- Will FMR $1,130 (metro FY 2026) cover the mortgage on a home?: The data does not provide specific median home values for ZIP 99665, but it indicates that the typical rent for 3+ bedroom apartments is around $500 - $749/month. While this does not directly answer the question regarding mortgage coverage, it suggests that the cost of living in this area is relatively low compared to larger metropolitan areas. To accurately determine if the FMR covers a mortgage, one would need to know the median home value and typical mortgage rates in this region.
- Is there enough renter demand at 57.1%?: The percentage of renters in ZIP 99665 is indeed 57.1%, which is a significant portion of the population. However, the total number of residents is only 100, indicating a very small market. With such a small pool of potential renters, demand may be limited. It is important to consider the overall size of the rental market when assessing demand.
- Will vouchers keep pace with market rents?: The data does not specify the usage rate of housing vouchers in ZIP 99665. However, given the FMR of $1,130 for the metro area, it is likely that vouchers will cover a substantial portion of the typical rent in this area. The FMR is designed to reflect the average rent for modestly-priced housing, so vouchers should generally keep pace with the lower end of the market rents in this ZIP code.
Note that the lack of detailed data for ZIP 99665 makes some assessments challenging. For a comprehensive analysis, additional local market data would be beneficial.
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.