Location: Yukon-Koyukuk Census Area, AK | Metro: Yukon-Koyukuk Census Area, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,970 |
| 5 Bedrooms | $2,285 |
| 6 Bedrooms | $2,559 |
| 7 Bedrooms | $2,764 |
| 8 Bedrooms | $2,902 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 99788 in fiscal year 2026 is set at $1,130. This figure represents the payment standard that landlords can expect to receive from the U.S. Department of Housing and Urban Development (HUD) through the Section 8 program for a unit in this area. It's important to note that this is not the amount tenants will pay; it's the maximum reimbursement rate HUD will cover.
When comparing this to the local market, there isn't a specific local median rent available for direct comparison. However, the fact that the renter share of income is 0.0% indicates a unique situation where potential tenants might be facing significant financial constraints, making affordable housing options like Section 8 even more critical.
In terms of acquiring a property for Section 8, the lack of specific data on property values (N/A) suggests that you should conduct thorough research on recent sales and listings in ZIP 97788 to determine if the properties are priced appropriately for the expected rental income. This will help you understand the initial investment required and whether it aligns with your long-term financial goals.
To ensure the property meets the necessary criteria before committing to a Section 8 rental, you must verify that the rent does not exceed the $1,130 FMR. Additionally, confirm that the unit passes the Housing Quality Standards (HQS) inspection required by HUD to ensure it is safe, decent, and sanitary for tenants.
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.