Location: Hoonah-Angoon Census Area, AK | Metro: Hoonah-Angoon Census Area, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,190 |
| 1 Bedroom | $1,310 |
| 2 Bedrooms | $1,710 |
| 3 Bedrooms | $2,040 |
| 4 Bedrooms | $2,810 |
| 5 Bedrooms | $3,260 |
| 6 Bedrooms | $3,651 |
| 7 Bedrooms | $3,943 |
| 8 Bedrooms | $4,140 |
U.S. Census Bureau data (2024)
35.6% of residents in ZIP code 99829 are renters, indicating a significant demand for rental properties. With a Fair Market Rent (FMR) set at $1,460 for metro areas in fiscal year 2026, landlords can expect to receive this amount per unit if they participate in the Section 8 program. This compares favorably to the market rent of $1,316, as reported by the Census American Community Survey, suggesting that joining the Section 8 program could provide a slight premium over the local average. The median income of $80,500 signals that while residents may have adequate means, the high renter share implies many still seek affordable housing options. Although the median home value is not available, the lack of data on days on market (DOM) and the percentage of price-cut shares indicate stable property values and minimal fluctuations in the rental market. For landlords and small-portfolio investors looking to secure steady tenants and avoid vacancy issues, Section 8 participation offers a reliable income stream at a rate above current market rents.
Section 8 Verdict: $1,460 FMR exceeds the $1,316 market rent, making participation advantageous for securing stable tenancy at slightly higher rates.
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.