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 market analysis for Section 8 investors targeting ZIP code 99753 in Nome Census Area, Alaska reveals several key points that can guide investment decisions. The HUD Fair Market Rent (FMR) for the area is set at $1,330 per month for fiscal year 2026. However, the current market rent based on Census ACS data stands at $910, indicating a significant gap between the two figures.
Voucher tenants in ZIP 99753 will cashflow at the FMR rate, meaning landlords can expect a positive cashflow when renting properties at the HUD-subsidized rate. This is due to the fact that the HUD FMR is substantially higher than the actual market rent. For example, a property rented at $1,330 under the Section 8 program would generate a monthly surplus of $420 compared to the average market rent of $910.
The median home value in the area is not available, which makes it challenging to derive an accurate rent-to-price ratio. Nevertheless, the strong cashflow potential suggests that rental income could be a reliable source of returns for investors. The median days on market (DOM) and the percentage of homes that experienced price cuts are also not available, but these metrics typically influence the rent-versus-buy decision-making process. In this case, the lack of data does not significantly impact the analysis given the clear cashflow advantage.
The strongest angle for investors in ZIP 99753 is the cashflow potential. With the HUD FMR well above the market rent, landlords can secure steady income while maintaining a positive cashflow position, making this a compelling opportunity for those seeking consistent financial returns.
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.