Location: Yukon-Koyukuk Census Area, AK | Metro: Yukon-Koyukuk Census Area, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,970 |
| 5 Bedrooms | $2,285 |
| 6 Bedrooms | $2,559 |
| 7 Bedrooms | $2,764 |
| 8 Bedrooms | $2,902 |
U.S. Census Bureau data (2024)
The ZIP code 99758 presents a unique snapshot of the rental market dynamics, particularly within the context of Section 8 housing. The Fair Market Rent (FMR) for the area, set at $990 for fiscal year 2026, indicates a clear benchmark for rental costs. However, the lack of data on current market rents, price-cut share, days on market (DOM), and median home value leaves certain aspects of the market's health somewhat opaque.
The 26.2% renter share suggests that a significant portion of the population relies on renting their homes, which can imply long-term housing pressures. When a substantial percentage of residents are renters, it often means that homeownership is less accessible due to various factors such as affordability, availability of housing stock, or demographic preferences. This dynamic can create a sustained demand for rental properties, potentially benefiting landlords who manage their units effectively.
The absence of recent market rent data could indicate either a stable rental environment where FMR closely mirrors actual rents, or it might suggest that the market is less active, making it difficult to gather up-to-date pricing information. In either case, the reliance on FMR as a guide points to the importance of federal standards in shaping the local rental landscape.
A high renter share typically correlates with a tight rental market where demand for affordable housing units could be outpacing supply. Landlords and small-portfolio investors should be attentive to the potential for increased competition among renters, which could drive up demand for Section 8 properties. However, without specific data on the number of available units and the rate at which they are being occupied, it's challenging to definitively state whether supply outpaces demand or vice versa.
In summary, ZIP 99758 appears to be a market driven by rental demand, especially for affordable options. The high percentage of renters suggests a need for more housing units, which could translate into opportunities for those who can offer quality rental properties at or near the established FMR.
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.