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)
To understand how Section 8 economics work in ZIP code 99681, it's essential to know the specifics of the rental assistance program in this area. The SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in ZIP 99681 for fiscal year 2026 is set at $1,940. This figure represents the maximum amount that the Housing Choice Voucher Program will pay towards a landlord's rent.
The SAFMR is determined by HUD (Housing and Urban Development) based on local rental market conditions and ensures that the payment standard reflects the actual cost of renting in the area. However, due to the lack of available data, the local market rent for ZIP 99681 is listed as N/A. This makes it challenging to directly compare the SAFMR with the prevailing market rates.
A Section 8 voucher does not cover the entire rent amount; instead, it covers the difference between the tenant's portion and the total rent. Tenants are typically required to pay 30% of their adjusted income towards rent. For example, if a tenant's adjusted monthly income is $1,500, they would be expected to contribute $450 towards rent. The remaining balance would then be covered by the voucher up to the SAFMR limit of $1,940.
In addition to the base rent, there are utility allowances which vary depending on the size of the unit and the location. For ZIP 99681, the utility allowance for a two-bedroom apartment is included in the $1,940 SAFMR. This means that the voucher payment includes both rent and utilities, simplifying the process for landlords.
To illustrate, let's assume a two-bedroom apartment is rented at the SAFMR rate of $1,940. If the tenant contributes $450, the voucher would cover the remaining $1,490. Therefore, the landlord receives a guaranteed $1,940 per month, assuming the market rent aligns with the SAFMR.
However, if the market rent exceeds the SAFMR, the landlord might face a shortfall. Conversely, if the market rent is below the SAFMR, landlords could benefit from a surplus. Given the lack of specific market rent data, we cannot determine whether there is a gap or surplus in ZIP 99681. Landlords should monitor local rental trends to assess the potential impact on their properties.
In summary, landlords in ZIP 99681 can expect a consistent income of $1,940 per month for a two-bedroom unit through the Section 8 program. The economic viability of participating in this program depends on the local rental market conditions relative to the SAFMR rate.
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.