Location: Nome Census Area, AK | Metro: Nome Census Area, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,270 |
| 1 Bedroom | $1,390 |
| 2 Bedrooms | $1,640 |
| 3 Bedrooms | $2,270 |
| 4 Bedrooms | $2,700 |
| 5 Bedrooms | $3,132 |
| 6 Bedrooms | $3,508 |
| 7 Bedrooms | $3,789 |
| 8 Bedrooms | $3,978 |
U.S. Census Bureau data (2024)
ZIP 99769, located in Nome Census Area, AK, presents a unique opportunity for inclusion in a Section 8 portfolio strategy. This area is best classified as a cash-flow anchor. The rationale for this classification is based on the Federal Market Rent (FMR) data for the fiscal year 2026, which is set at $1,530 for the metro area. Given that the market data for median home values and rental rates are currently unavailable, the FMR provides a reliable benchmark for potential rental income.
The FMR is established by the U.S. Department of Housing and Urban Development (HUD) and represents the maximum amount that a landlord can charge for a Section 8 rental unit. In ZIP 99769, the $1,530 FMR ensures a steady and predictable cash flow, critical for landlords and small-portfolio investors looking to maintain consistent income streams. This makes it an ideal choice for those who prioritize stability over speculative gains.
While appreciation plays typically involve areas with high price-cut shares and low days on market (DOM), leading to rapid increases in property values, such data is not available for ZIP 99769. Therefore, it cannot be confidently categorized as an appreciation play. Instead, it offers a diversification benefit due to its relatively low renter share of 1.4%, indicating a smaller pool of potential renters. However, the median income of $53,750 suggests that there is a reasonable economic base supporting the local housing market, albeit with fewer tenants seeking rental properties.
In conclusion, ZIP 99769 serves as a cash-flow anchor within a Section 8 portfolio strategy. The guaranteed rental income at the FMR of $1,530 provides a solid foundation for financial planning and risk management. Despite the lack of data on market trends and appreciation potential, the area's economic underpinnings and the predictability offered by Section 8 make it a valuable addition to a diversified investment portfolio.
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.