Location: Hoonah-Angoon Census Area, AK | Metro: Hoonah-Angoon Census Area, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $1,870 |
| 4 Bedrooms | $2,580 |
| 5 Bedrooms | $2,993 |
| 6 Bedrooms | $3,352 |
| 7 Bedrooms | $3,620 |
| 8 Bedrooms | $3,801 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 99820 reveals a significant opportunity due to the disparity between the HUD Fair Market Rent (FMR) and the actual market rent. For fiscal year 2026, the HUD FMR for ZIP 99820 is set at $1,460. In contrast, the market rent, as per the Census ACS, stands at $722. This indicates that voucher tenants will cashflow at the FMR, providing a substantial profit margin for landlords and small-portfolio investors.
The median home value in ZIP 99820 is currently listed as N/A, which makes it challenging to derive an accurate rent-to-price ratio. However, given the low market rent compared to the FMR, the potential for positive cashflow remains strong. The N/A-day median Days on Market (DOM) and N/A% price-cut share suggest that the buy-versus-rent dynamics are skewed towards renting, making it a favorable investment strategy.
The strong cashflow potential is the most compelling angle for investors in ZIP 99820. With voucher tenants paying nearly double the market rate, landlords can expect consistent and reliable income streams without the need for premium units. This scenario offers stability and profitability, making it an attractive option for those looking to enter or expand their presence in the local rental market.
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.