Location: North Slope Borough, AK | Metro: North Slope Borough, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,080 |
| 1 Bedroom | $1,340 |
| 2 Bedrooms | $1,480 |
| 3 Bedrooms | $2,030 |
| 4 Bedrooms | $2,470 |
| 5 Bedrooms | $2,865 |
| 6 Bedrooms | $3,209 |
| 7 Bedrooms | $3,466 |
| 8 Bedrooms | $3,639 |
U.S. Census Bureau data (2024)
The ZIP code 99789, located in a county with limited data availability, stands out due to its unique demographic characteristics. With a population of just 616 residents, it has a notable rental rate of 42.1%, indicating a significant portion of the community relies on rented housing. Despite the lack of specific median home value data, the median income in the area is reported at $78,438, which suggests a middle-class community.
The disparity between the Fair Market Rent (FMR) and the actual market rent provides insight into the economic dynamics of the area. For fiscal year 2026, the FMR for ZIP 99789 is set at $1,630, while the Census American Community Survey (ACS) indicates a market rent of $1,167. This difference highlights a potential opportunity for landlords participating in the Section 8 program, as they can receive higher rents through the voucher system compared to the local market rates. The gap between the two figures also points to the possibility that the voucher amount may cover a substantial portion of the rental cost for eligible tenants, thereby making the program attractive for both landlords and renters.
Based on the available data, the ZIP code 99789 appears to be in a transitional phase. The high percentage of renters combined with the lack of median home value data suggests that homeownership might be less prevalent or that there could be a shift towards more rental properties. However, the stable median income figure and the presence of Section 8 vouchers indicate that there is a reliable source of income for landlords who choose to participate in the program. Landlords and small-portfolio investors should consider the benefits of the higher FMR payments and the potential for steady tenant occupancy when evaluating opportunities in this ZIP code.
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.