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 ZIP code 99832 has a population of 102 individuals, with 14.6% being renters. This indicates that the area is primarily homeowner-dominated rather than renter-heavy, suggesting that the demand for housing vouchers such as Section 8 may be relatively low. The median household income in this ZIP code is $64,750, which provides a baseline for assessing affordability.
A typical market rent of $950 consumes approximately 18% of the median household income, calculated as ($950 / $64,750) * 100%. This percentage reflects a manageable portion of income allocated towards rent for most households. However, when comparing this to the Fair Market Rent (FMR) figure of $1,460, it becomes evident that the current market rent is below the FMR threshold, indicating potential room for rent increases without significantly impacting affordability.
The FMR of $1,460, set for FY 2026 in the metro area, is notably higher than the actual market rent, suggesting that properties in ZIP 99832 are undervalued relative to regional standards. This discrepancy could benefit landlords who are willing to accept Section 8 tenants, as they might find themselves in a position to negotiate higher rents within the voucher limits.
In terms of tenant profiles, landlords in ZIP 99832 can expect a mix of low-income families and individuals who qualify for Section 8 assistance. These tenants will likely have a household income below the median, making the $950 rent a significant portion of their monthly budget. Given the low number of renters in the area, competition for Section 8 vouchers may be less intense compared to more urbanized areas.
To summarize, ZIP 99832 is not a renter-heavy zone but an area where Section 8 vouchers can still play a role in the rental market. Landlords should prepare for tenants whose income is lower than the median, and who rely on government subsidies to cover a substantial part of their housing costs. Despite the homeowner dominance, the current market rent is well within the affordability range set by the FMR, providing opportunities for both landlords and tenants seeking affordable housing solutions.
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.