Location: Northwest Arctic Borough, AK | Metro: Northwest Arctic Borough, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,450 |
| 1 Bedroom | $1,710 |
| 2 Bedrooms | $2,080 |
| 3 Bedrooms | $2,480 |
| 4 Bedrooms | $2,730 |
| 5 Bedrooms | $3,167 |
| 6 Bedrooms | $3,547 |
| 7 Bedrooms | $3,831 |
| 8 Bedrooms | $4,023 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 99761 in the upcoming fiscal year 2026 is set at $2,010. This figure represents the payment standard for landlords participating in the Section 8 Housing Choice Voucher program, meaning it's the maximum amount that the government will pay on behalf of eligible tenants. It's important to note that this does not represent your total rent income; rather, it's the cap for the government subsidy portion.
To provide context, the average rent in ZIP 99761, according to the latest Census American Community Survey (ACS), is $1,063. This means that the FMR is significantly higher than the typical market rate, potentially offering a financial advantage to landlords who choose to participate in the Section 8 program.
With a 16.3% share of renters in the area, there is a notable demand for rental housing, which could translate into a steady tenant pool for Section 8 properties. However, due to the lack of specific data on property acquisition costs (indicated as N/A), it's crucial to conduct thorough research on local real estate values to ensure that the purchase price aligns with your investment goals.
Before making a decision to enter the Section 8 market, verify the physical condition of the property you're interested in. The government has strict requirements regarding habitability and safety standards, and ensuring that the property meets these criteria can prevent unexpected expenses and delays.
In summary, the FMR of $2,010 offers a clear benchmark for government payments, which is substantially above the local average rent of $1,063. Given the 16.3% renter share, demand appears stable. But remember, participation requires compliance with certain standards, so inspecting the property's condition is essential.
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.