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 market analysis for Section 8 investors in ZIP code 99772 reveals that voucher tenants cashflow marginally at the Fair Market Rent (FMR) set by HUD for fiscal year 2026, which is $1,530. In comparison, the actual market rent as reported by the Census ACS is significantly lower at $950. This discrepancy means that landlords and small-portfolio investors can expect some positive cashflow when renting to voucher holders, but it will be modest due to the gap between the HUD FMR and the prevailing market rates.
To further analyze the investment potential, consider the median home value in the area, which is currently not available (N/A). The lack of a median home value makes deriving an accurate rent-to-price ratio challenging. However, given the low market rent, it suggests that the rental market is more active than the home buying market, which could be beneficial for investors focusing on rental properties.
The days on market (DOM) and the percentage of price cuts are also not available (N/A), indicating a stable market where homes do not typically need to be discounted or remain unsold for extended periods. This stability supports the idea that the rental market is robust and less prone to fluctuations, providing a reliable income stream for investors.
In conclusion, the strongest investor angle in ZIP 99772 is cashflow. Although the cashflow will be marginal, the combination of a stable market and the ability to receive higher rents through Section 8 vouchers makes this a viable option for those looking to generate steady income from their real estate investments.
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.