Location: Hoonah-Angoon Census Area, AK | Metro: Hoonah-Angoon Census Area, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,080 |
| 1 Bedroom | $1,180 |
| 2 Bedrooms | $1,550 |
| 3 Bedrooms | $1,850 |
| 4 Bedrooms | $2,550 |
| 5 Bedrooms | $2,958 |
| 6 Bedrooms | $3,313 |
| 7 Bedrooms | $3,578 |
| 8 Bedrooms | $3,757 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 99826 in the upcoming fiscal year 2026 is set at $1,490. This figure represents the payment standard for Section 8 housing assistance in the area, which is the maximum amount that the Housing Choice Voucher program will pay to landlords on behalf of eligible tenants. It's important to note that this is not the rent you can charge your tenant; it's the maximum reimbursement you'll receive from the government.
In comparison, the average rent in ZIP 99826, according to recent Census American Community Survey (ACS) data, stands at $900. This suggests that the FMR is significantly higher than the current market rate, potentially offering a better financial return for landlords participating in the Section 8 program.
The 18.3% share of renters in the area indicates strong demand for rental properties, making ZIP 99826 a viable market for new Section 8 rentals. The high percentage of renters means there are many individuals and families who could benefit from Section 8 vouchers, increasing the likelihood of finding qualified tenants.
Regarding the acquisition cost of properties in ZIP 99826, the data provided is listed as N/A, which means there isn't specific information available about the cost of buying rental properties in this area. However, you should be aware that the acquisition cost is an important factor to consider when determining whether a Section 8 property will be profitable for you.
Before committing to a Section 8 rental in ZIP 99826, verify that the property meets all local housing quality standards. These standards ensure that the living conditions are safe and habitable, and failing to meet them can result in penalties or loss of rental income. Ensure compliance with these requirements to avoid any issues with the Housing Authority.
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.