Location: Denali Borough, AK | Metro: Denali Borough, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,080 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,900 |
| 4 Bedrooms | $2,250 |
| 5 Bedrooms | $2,610 |
| 6 Bedrooms | $2,923 |
| 7 Bedrooms | $3,157 |
| 8 Bedrooms | $3,315 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 99704 reveals several critical points for landlords and small-portfolio investors considering investment in this area.
The rent math does not work in favor of landlords based on the available data. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,300. However, the absence of specific market rent figures for ZIP 99704 means that it's unclear whether this FMR aligns with what tenants can afford or what the local rental market demands. Without this comparison, it's challenging to determine if rental income will cover expenses and provide a profit.
Acquisition in this area is also problematic due to the lack of specific data. The median home value is listed as N/A, which suggests that the housing market in this ZIP code might be sparse or irregular. Similarly, the Days on Market (DOM) and the percentage of homes that require a price cut are both listed as N/A, indicating insufficient data to assess the ease or difficulty of acquiring properties here.
Tenant demand appears to be low. With a population of 20, the ZIP code has a very limited pool of potential renters. Additionally, the percentage of residents who are renters is also listed as N/A, further complicating the assessment of demand. Given the small number of inhabitants, finding enough tenants to fill rental units could be a significant challenge.
Verdict: Investment in ZIP code 99704 is not advisable due to the lack of clear data on market rents, median home values, and days on market. Furthermore, the extremely low population size and uncertain renter share suggest that tenant demand would likely be insufficient to support a profitable rental business. Landlords and small-portfolio investors should seek areas with more robust data and larger populations to ensure a better chance of success.
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.