Location: Yukon-Koyukuk Census Area, AK | Metro: Yukon-Koyukuk Census Area, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $2,020 |
| 5 Bedrooms | $2,343 |
| 6 Bedrooms | $2,624 |
| 7 Bedrooms | $2,834 |
| 8 Bedrooms | $2,976 |
U.S. Census Bureau data (2024)
The ZIP code 99722 represents a small tenant pool given its total population of only 164 individuals. With 26.0% of the population being renters, it indicates that the majority of residents in this area are homeowners, suggesting that the area is not heavily reliant on rental properties. This also implies that the demand for Section 8 housing vouchers may be relatively low due to the limited number of renters.
The median household income in ZIP 99722 stands at $38,125. Without specific data on the market rent, we cannot directly calculate the percentage of income that goes towards rent. However, we can compare the median income to the Fair Market Rent (FMR) which is set at $1,210 for the fiscal year 2026 in the metropolitan area. Given that the FMR is an estimate used to determine payment standards for housing assistance programs, it provides insight into the affordability of housing for low-income tenants.
In ZIP 99722, a household earning the median income would spend approximately 31.7% of their monthly income on rent if the FMR is indicative of typical rent costs. This figure is calculated by taking the FMR ($1,210) and dividing it by the monthly equivalent of the median household income ($38,125 / 12 months ≈ $3,177). The result shows that rent consumes a significant portion of the average household's earnings, highlighting the importance of housing assistance programs like Section 8 in making living conditions affordable.
A landlord in ZIP 99722 should anticipate tenants who rely on Section 8 vouchers to afford their rent. These tenants will likely have a lower income level and require the financial support provided by the voucher program to meet their housing needs. It's important for landlords to understand the administrative requirements and benefits of accepting Section 8 tenants, including the stability that government-backed rental payments can bring.
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.