Location: Fairbanks-College, AK | Metro: Fairbanks-College, AK MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 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 analysis of ZIP code 99775, part of the Fairbanks-College, AK MSA metro, reveals several key points for landlords and small-portfolio investors.
The rent math does work favorably here. The Fair Market Rent (FMR) for ZIP 99775 in fiscal year 2024 is set at $1,470. This is slightly higher than the market rent reported by the Census ACS, which stands at $1,448. This indicates that rental properties can be priced close to the FMR without significantly overstepping market expectations, thereby ensuring a reasonable profit margin for landlords.
Regarding acquisition affordability, the data shows that the median home value is not available (N/A), nor are the typical days on the market (DOM) and the percentage of homes that require a price cut. Without these specific figures, it's challenging to provide a definitive assessment of the cost and ease of acquiring property in this area. However, the absence of these metrics suggests that further research into local real estate trends would be necessary before making investment decisions.
Tenant demand is robust in ZIP 99775. With a total population of 826, and a striking 100.0% renter share, this area presents an ideal scenario for rental investments. Every resident is a potential tenant, which ensures a steady and reliable demand for housing units. Landlords can expect high occupancy rates and minimal vacancy periods.
Verdict: ZIP 99775 offers a strong opportunity for rental investments due to favorable rent math and high tenant demand. However, the lack of specific data on home values, DOM, and price-cut percentages means that thorough due diligence should be conducted to fully understand the acquisition costs and market conditions. Despite these gaps, the high renter share makes it a promising location for those willing to invest time in understanding the local real estate landscape.
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.