Section 8 Fair Market Rent (FMR) for ZIP 99724 - 2027

Location: Yukon-Koyukuk Census Area, AK | Metro: Yukon-Koyukuk Census Area, AK

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$950
1 Bedroom	$960
2 Bedrooms	$1,200
3 Bedrooms	$1,660
4 Bedrooms	$1,970
5 Bedrooms	$2,285
6 Bedrooms	$2,559
7 Bedrooms	$2,764
8 Bedrooms	$2,902

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

65.4%

Renter Occupied

The ZIP code 99724 presents an interesting case study for both renters and landlords. Given the lack of specific data on median income and market rate rent, we must rely on the available figures to make informed decisions.

Affordability is a critical concern when considering housing options. The Fair Market Rent (FMR) set at $1,130 for metro FY 2026 serves as a benchmark for rental payments supported by vouchers. However, without a defined median income or market rate rent, it's challenging to assess how typical households fare against this standard.

Voucher Payment Standard: At $1,130, the voucher payment standard is designed to ensure affordable housing options are accessible to low-income families.
Renters' Perspective: With only 0.0% of the population being renters and a total population of just 17, the rental market in ZIP 99724 is extremely limited. This suggests that most residents either own their homes or the data might be incomplete or skewed due to the very small sample size.
Affordability Gap: In the absence of a median income figure, it's impossible to determine the exact affordability gap. Nonetheless, the voucher amount of $1,130 stands as a significant point of reference for those who might qualify for assistance.

The takeaway for landlords is clear: given the scarcity of rental properties and the unknown market rate, relying solely on voucher tenants could be a viable strategy. However, landlords should also consider the potential for cash-paying tenants willing to pay above the voucher rate, especially if the local economy supports higher incomes than reflected in the data. Landlords should weigh the stability of voucher payments against the possible premium from cash-paying tenants, understanding that the competition for both types of tenants is likely minimal due to the ZIP code's small size and limited rental market.

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.