Location: Yukon-Koyukuk Census Area, AK | Metro: Yukon-Koyukuk Census Area, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,080 |
| 1 Bedroom | $1,100 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,900 |
| 4 Bedrooms | $2,250 |
| 5 Bedrooms | $2,610 |
| 6 Bedrooms | $2,923 |
| 7 Bedrooms | $3,157 |
| 8 Bedrooms | $3,315 |
U.S. Census Bureau data (2024)
The ZIP code 99756 presents an interesting opportunity for landlords and small-portfolio investors considering Section 8 tenants. With a population of 32,000, only 10.0% of residents are renters, indicating that this area is predominantly homeowner-dominated rather than renter-heavy. This suggests that the pool of potential Section 8 tenants will be smaller compared to areas with higher rental populations.
The median household income in this ZIP code is $58,125. While specific market rent figures are not provided, we can compare the median income to the Fair Market Rent (FMR) set at $1,300 per month for the fiscal year 2026 in the metropolitan area. Assuming typical rent consumes around 30% of local income, a reasonable estimate would place average rents at approximately $1,744 per month, which is above the FMR. This indicates that the cost of living in 99756 may be higher than the metro average, potentially making it challenging for Section 8 tenants to find affordable housing.
A landlord in ZIP 99756 should expect Section 8 tenants who have a limited budget for housing due to the voucher amount being less than the estimated market rent. These tenants are likely to be price-sensitive and may prioritize affordability over other factors such as location or amenities. They could include families with children, elderly individuals, or those with disabilities who rely on government assistance to secure housing.
To attract and retain Section 8 tenants, landlords must ensure their properties meet the Housing Quality Standards (HQS) and are priced competitively within the voucher limit. Given the homeowner-dominated nature of the area, landlords might also consider marketing efforts that highlight the benefits of renting in this community, such as proximity to essential services or schools, to make their properties more appealing to voucher holders.
In conclusion, while the demand for vouchers exists in ZIP 99756, it is not as robust as in more renter-heavy areas. Landlords should prepare for a niche market of tenants who are reliant on government assistance and may require additional support in maintaining their homes within budget constraints.
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.