Location: Yukon-Koyukuk Census Area, AK | Metro: Fairbanks-College, AK MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,080 |
| 1 Bedroom | $1,150 |
| 2 Bedrooms | $1,510 |
| 3 Bedrooms | $2,100 |
| 4 Bedrooms | $2,540 |
| 5 Bedrooms | $2,946 |
| 6 Bedrooms | $3,300 |
| 7 Bedrooms | $3,564 |
| 8 Bedrooms | $3,742 |
U.S. Census Bureau data (2024)
The ZIP code 99760 represents a small community with a total population of 833. Approximately 40.6% of the residents are renters, indicating a significant portion of the local housing market is dedicated to rental properties. The median household income in this area is $66,823, which suggests that the residents have a moderate level of economic stability. However, the median home value is not available, which might imply that the focus of the real estate market here is more on rentals rather than owner-occupied homes.
Moving into the specifics of the rental market, the Fair Market Rent (FMR) for ZIP 99760 as of the fiscal year 2024 is set at $1,650. This figure is notably higher than the market rent, which according to the Census Bureau's American Community Survey (ACS), stands at $1,345. The discrepancy between the FMR and the market rent indicates an opportunity for landlords who can leverage the higher reimbursement rates offered by the Section 8 program to cover their costs and potentially generate profit margins that exceed those found in the broader market.
Given these dynamics, ZIP 99760 presents a viable option for both hands-off voucher operators and hands-on value-add buyers. For hands-off operators, the guaranteed income from the Section 8 program, combined with the relatively low market rent, makes it possible to manage properties without extensive tenant screening or active management. On the other hand, for hands-on buyers looking to add value, the potential to renovate properties and command rents closer to the FMR could provide a path to higher returns, especially if they can attract tenants willing to pay above the market rate due to improved amenities or location advantages.
In summary, ZIP 99760 offers a mix of manageable risk and potential reward for Section 8 investors. With a population of 833 and 40.6% renters, it is a niche market where the Section 8 program can play a pivotal role in property management and profitability. The difference between the FMR of $1,650 and the market rent of $1,345 opens up opportunities for both passive and active investment strategies, making it a worthwhile consideration for those interested in the Section 8 real estate sector.
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.