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)
The analysis of ZIP code 99771, located in the Nome Census Area, AK metro, reveals several critical points for landlords and small-portfolio investors.
Firstly, regarding the rent math, the Fair Market Rent (FMR) for the area is set at $1,530 for fiscal year 2026. However, the market rent is listed as N/A, which means there is insufficient data to make a direct comparison. This uncertainty could pose a risk, as it's unclear if the FMR accurately reflects the local rental market conditions.
Secondly, the acquisition affordability is difficult to assess due to the lack of specific data on median home values, days on market (DOM), and the percentage of homes that have had their prices cut. Without these figures, it's challenging to determine how easy or difficult it will be to acquire properties in this area at a reasonable cost.
Lastly, the tenant demand in ZIP 99771 is low. The area has a population of 283, with only 3.0% of residents being renters. This indicates a limited pool of potential tenants, which could affect occupancy rates and the overall viability of rental investments in this region.
Verdict: Investment in ZIP 99771 presents significant challenges. The absence of key market data, such as current market rents and property acquisition costs, makes it difficult to evaluate the financial feasibility of rental properties. Additionally, the low renter share of the population suggests weak tenant demand. Given these factors, landlords and small-portfolio investors should proceed with caution and seek additional local insights before considering investment in this area.
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.