Location: Denali Borough, AK | Metro: Denali Borough, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $980 |
| 2 Bedrooms | $1,220 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $2,010 |
| 5 Bedrooms | $2,332 |
| 6 Bedrooms | $2,612 |
| 7 Bedrooms | $2,821 |
| 8 Bedrooms | $2,962 |
U.S. Census Bureau data (2024)
The ZIP code 99755 presents a dynamic rental market, driven by a high percentage of renters at 79.3%. This figure suggests that long-term housing pressure is significant, as a majority of residents are likely to continue renting rather than purchasing homes. The Fair Market Rent (FMR) set at $1,190 for fiscal year 2026 indicates a benchmark established by HUD for the area, which helps landlords determine reasonable rent prices based on the local cost of living.
In contrast to the FMR, the actual market rent as reported by the Census ACS stands at $848. This discrepancy between the FMR and market rent could imply that supply currently exceeds demand, allowing rents to remain lower than the fair market rate. However, given the high renter share, it's also plausible that there's a strong underlying demand for rental properties, which could push rents closer to the FMR over time.
The lack of specific data on price-cut share and days on market (DOM) makes it challenging to provide a detailed picture of how aggressively landlords are competing for tenants. Nonetheless, the gap between the FMR and the current market rent offers insight into the potential for upward pressure on rental rates if demand were to increase further. Landlords should monitor local economic indicators and tenant preferences closely to anticipate changes in this balance.
The absence of median home value data suggests that homeownership is less prevalent in the area, reinforcing the importance of the rental market. For small-portfolio investors and landlords, understanding these dynamics is crucial for making informed decisions about property management and investment strategies. With a majority of residents as renters, the focus should be on maintaining competitive rental offerings that meet the needs of the local population.
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.