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 99740 represents a significant opportunity for landlords and small-portfolio investors interested in Section 8 tenants. With a population of 656, nearly one-fifth (21.5%) are renters, indicating a notable presence of individuals who may be seeking subsidized housing options.
The median household income in this area is $42,022, which places it below the federal poverty line for a family of four, currently set at $27,750 (FY 2026). This suggests that many residents qualify for assistance programs like Section 8, creating a robust demand for rental vouchers.
Market rents in ZIP 99740 average $810 per month, which consumes approximately 19.3% of the median household income. This is well below the Fair Market Rent (FMR) set at $1,210 for FY 2026, leaving ample room for landlords to charge market rates while still being attractive to voucher holders.
The discrepancy between the FMR and the actual market rent indicates a potential for landlords to receive additional subsidies through the Section 8 program, enhancing their profitability. The lower market rent also means that the cost burden on tenants is lessened, making them more likely to maintain stable tenancy.
A landlord in ZIP 99740 should anticipate tenants who rely heavily on government assistance. These tenants will likely have a strong interest in maintaining eligibility for their vouchers, which typically requires adherence to strict guidelines regarding timely payment of rent and upkeep of the property. This can translate into a reliable and consistent source of rental income.
Investors looking to capitalize on the Section 8 market in this ZIP code should focus on properties that meet the necessary qualifications for the program, including location, size, and amenities. Additionally, they should prepare to handle the administrative aspects of working with the Housing Authority, such as inspections and paperwork.
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.