Location: Yakutat City and Borough, AK | Metro: Yakutat City and Borough, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,150 |
| 1 Bedroom | $1,260 |
| 2 Bedrooms | $1,580 |
| 3 Bedrooms | $1,880 |
| 4 Bedrooms | $2,600 |
| 5 Bedrooms | $3,016 |
| 6 Bedrooms | $3,378 |
| 7 Bedrooms | $3,648 |
| 8 Bedrooms | $3,830 |
U.S. Census Bureau data (2024)
The ZIP code 99689, with a population of 527, has a significant rental market presence, with 43.7% of residents being renters. This indicates a notable demand for rental properties, particularly those that can cater to Section 8 tenants. The median household income in this area stands at $85,000, which suggests a moderate economic base that could support a variety of rental options.
Given the market rent of $1,330, we can determine that the average rent consumes approximately 15.6% of the median household income. This calculation is derived from dividing the market rent by the median income and multiplying by 100. In comparison to the Fair Market Rent (FMR) of $1,390 for FY 2026 in the metro area, the actual market rent is slightly lower, indicating that rents in 99689 are competitive and somewhat below the regional average.
The high percentage of renters in this ZIP code implies a robust demand for housing vouchers. Landlords in this area should anticipate a tenant pool that includes individuals who rely on Section 8 vouchers to afford their living spaces. These tenants typically have a household income that is 30% to 80% of the Area Median Income (AMI), which for this ZIP would be between $25,500 and $68,000 annually. Given the median income of $85,000, it's reasonable to conclude that the majority of voucher holders fall into the lower end of this range, ensuring they can afford the typical market rent of $1,330.
In summary, ZIP 99689 presents a strong opportunity for landlords to attract and retain tenants through Section 8 programs. The tenant profile will likely include families and individuals with incomes significantly below the median, relying on government assistance to secure housing. Landlords should prepare for a steady stream of voucher applications and ensure their properties meet the necessary standards for participation in such programs.
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.