Location: Nome Census Area, AK | Metro: Nome Census Area, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,110 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,380 |
| 3 Bedrooms | $1,920 |
| 4 Bedrooms | $2,280 |
| 5 Bedrooms | $2,645 |
| 6 Bedrooms | $2,962 |
| 7 Bedrooms | $3,199 |
| 8 Bedrooms | $3,359 |
U.S. Census Bureau data (2024)
The ZIP code 99739 is a modest-sized area with a population of 383 residents. Among these, 26.7% are renters, indicating a significant but not overwhelming presence of rental housing. The median household income here stands at $37,031, which provides a crucial baseline for understanding the financial landscape.
Given that the typical market rent in this area is $1,125, it consumes a substantial portion of the average household's income. To be precise, the $1,125 rent represents approximately 30.4% of the median household income. This high percentage suggests that tenants in this area are likely to have limited disposable income beyond their housing costs, making them particularly sensitive to any increases in rent or additional expenses.
Comparing the market rent to the Fair Market Rent (FMR), which is set at $1,330 for FY 2026 in the metro area, indicates that the actual rents in 99739 are below the FMR. This discrepancy can be advantageous for landlords as it means they could potentially qualify for higher voucher payments, thereby attracting tenants who might otherwise struggle to afford the $1,125 rent.
A landlord in ZIP 99739 should expect tenants who heavily rely on Section 8 housing vouchers. These tenants will be looking for affordable housing options and may prioritize properties that offer stability and security. Given the income levels and the rent-to-income ratio, landlords must be prepared to manage properties with tenants who need assistance in meeting their housing costs. It is important to ensure that the property meets all necessary standards and that there is a clear understanding of the terms and conditions associated with accepting Section 8 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.