Location: Yukon-Koyukuk Census Area, AK | Metro: Southeast Fairbanks Census Area, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $1,950 |
| 5 Bedrooms | $2,262 |
| 6 Bedrooms | $2,533 |
| 7 Bedrooms | $2,736 |
| 8 Bedrooms | $2,873 |
U.S. Census Bureau data (2024)
The ZIP code 99738, located in Eagle, AK, has a population of 125 individuals, with 22.5% being renters. The median household income is $40,750. Based on the data available, the median rent for the area is $725 per month for a limited number of rental units.
Comparing the median rent to the median household income, we see that typical rent consumes approximately 17.8% of local income. This is calculated by dividing the median rent ($725) by the median household income ($40,750) and multiplying by 100. In contrast, the Fair Market Rent (FMR) for the ZIP code 99738, as determined by HUD for FY 2026, is $1,130. This indicates that the actual market rent is significantly below the FMR, suggesting that there is likely strong demand for Section 8 vouchers in the area.
The rental market in ZIP 99738 is characterized by a high percentage of owner-occupied homes, with only 75 out of 92 occupied homes being rented. This suggests that while the area is not heavily dominated by renters, there is still a notable demand for rental properties, especially those that accept Section 8 vouchers.
A landlord in ZIP 99738 should expect tenants who rely on Section 8 vouchers due to the relatively low market rent compared to the FMR. These tenants will be looking for affordable housing options and will have their rent subsidized by the government. Given the small population and limited rental stock, landlords might find a competitive market for Section 8 vouchers, making it a viable strategy for attracting and retaining tenants.
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.