Location: Aleutians West Census Area, AK | Metro: Aleutians West Census Area, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,490 |
| 1 Bedroom | $1,570 |
| 2 Bedrooms | $2,050 |
| 3 Bedrooms | $2,440 |
| 4 Bedrooms | $2,690 |
| 5 Bedrooms | $3,120 |
| 6 Bedrooms | $3,494 |
| 7 Bedrooms | $3,774 |
| 8 Bedrooms | $3,963 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 99692, located in the Aleutians West Census Area, AK, reveals a favorable rental environment. The HUD Fair Market Rent (FMR) for the area is set at $2,000 for FY 2026, which is higher than the market rent of $1,500 as reported by the Census ACS. This indicates that voucher tenants will generally cashflow positively at the FMR rate, providing a stable income stream for landlords.
The median home value in ZIP 99692 is listed as N/A, which means the rent-to-price ratio cannot be accurately calculated using typical methods. However, given the discrepancy between the HUD FMR and the market rent, it's evident that the rental market is currently undervalued relative to what voucher holders can afford. This suggests that landlords who participate in the Section 8 program can expect to see positive cashflow even with standard units, without the need for premium upgrades.
The N/A-day median days on market (DOM) and N/A% price cut share indicate that there isn't sufficient data to make a detailed assessment of the buying versus renting dynamics. Nonetheless, the strong positive cashflow potential from the HUD FMR exceeding market rent makes the rental market particularly attractive for investors.
The strongest angle for investors in ZIP 99692 is cashflow. With the HUD FMR significantly above current market rents, landlords can expect steady and reliable income from voucher tenants, making this area ideal for those seeking a solid financial return on their investment properties.
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.