Location: Hoonah-Angoon Census Area, AK | Metro: Haines Borough, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,820 |
| 4 Bedrooms | $2,180 |
| 5 Bedrooms | $2,529 |
| 6 Bedrooms | $2,832 |
| 7 Bedrooms | $3,059 |
| 8 Bedrooms | $3,212 |
U.S. Census Bureau data (2024)
To integrate ZIP 99827, located in the Hoonah-Angoon Census Area, AK, into a Section 8 portfolio strategy, consider it primarily as a cash-flow anchor. This designation is based on the significant spread between the Fair Market Rent (FMR) set by HUD for the fiscal year 2026, which is $1,330 for a one-bedroom unit, and the current market rent of $1,056. The FMR represents the maximum rent that can be charged to tenants under the Section 8 program, ensuring steady and reliable rental income.
The median home value in ZIP 99827 stands at $328,346, which is relatively high for the area, indicating a strong local economy. However, the primary focus for Section 8 properties should be on the guaranteed income stream rather than appreciation potential, as the data suggests an N/A% price-cut share and N/A-day Days on Market (DOM), implying limited information on property appreciation trends.
ZIP 99827 offers a 22.8% renter share, which is moderate but still provides a decent pool of potential tenants. With a median income of $85,208, residents have the financial stability to meet the requirements of the Section 8 program. Landlords can expect a stable tenant base who can afford the required portion of the rent, typically 30% to 40% of their income, thus reducing the risk of default.
In conclusion, ZIP 99827 serves best as a cash-flow anchor within a Section 8 portfolio due to the guaranteed income from the substantial difference between FMR and market rents. The median income supports tenant stability, while the median home value indicates a resilient local market, making it a secure investment choice for landlords and small-portfolio investors.
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.