Location: Bristol Bay Borough, AK | Metro: Bristol Bay Borough, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $930 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,770 |
| 4 Bedrooms | $2,100 |
| 5 Bedrooms | $2,436 |
| 6 Bedrooms | $2,728 |
| 7 Bedrooms | $2,946 |
| 8 Bedrooms | $3,093 |
U.S. Census Bureau data (2024)
The ZIP code 99670 presents a unique snapshot of the rental market, particularly within the context of Section 8. The Fair Market Rent (FMR) for the area is set at $1,260 for fiscal year 2026, indicating a significant benchmark for affordability. However, the absence of current market rent data suggests a lack of recent activity or reporting, which could imply either a stable market or one that's less frequently updated due to lower demand.
The 44.7% renter share is a critical statistic. It signals a substantial portion of the population relies on renting rather than owning homes, which can be indicative of long-term housing pressure. This high percentage of renters might mean that there is a consistent need for affordable housing options, including those supported by Section 8 vouchers. Landlords and small-portfolio investors should consider this a sign of potential sustained demand for rental properties in the area.
While specific metrics such as the percentage of price-cut share and days on market (DOM) are not available, the fact that the FMR is established and relatively fixed can be interpreted as a signal that the government recognizes the need to support renters in this market. This implies that the local rental market is likely experiencing some form of demand that necessitates intervention through the FMR program.
In summary, ZIP 99670 appears to be a market where demand for affordable rentals is evident, driven by a high renter share. The established FMR reflects an effort to stabilize rental costs, suggesting that while the market may not be rapidly growing, it remains dynamic enough to warrant attention from investors looking to capitalize on the ongoing need for affordable housing solutions.
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.