Location: Hoonah-Angoon Census Area, AK | Metro: Hoonah-Angoon Census Area, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,160 |
| 1 Bedroom | $1,400 |
| 2 Bedrooms | $1,660 |
| 3 Bedrooms | $2,160 |
| 4 Bedrooms | $2,750 |
| 5 Bedrooms | $3,190 |
| 6 Bedrooms | $3,573 |
| 7 Bedrooms | $3,859 |
| 8 Bedrooms | $4,052 |
U.S. Census Bureau data (2024)
The real estate market in ZIP code 99841 presents a unique set of conditions that will shape pricing power and investment strategies over the next 12-24 months. The median home value data is currently unavailable, as well as the percentage of listings that have been reduced and the median days on market (DOM). Despite these missing pieces, we can draw some conclusions based on the available rental market dynamics.
The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is projected at $1,530. In contrast, the current market rent, according to Census ACS data, stands at $513. This significant gap suggests a strong potential for rental income growth, particularly for properties eligible under Section 8 programs. Landlords and small-portfolio investors should consider the long-term benefits of aligning their rental properties with the expected rise in FMR values.
While the exact median DOM and the percentage of reduced listings are not specified, the disparity between FMR and market rent indicates a robust demand for affordable housing. If the DOM is relatively short, it signals that homes are selling quickly, which could imply a seller's market where landlords might have more leverage in setting rents. Conversely, if many listings are being reduced, it suggests a buyer's market where competition among sellers could be intense, potentially leading to lower purchase prices but also indicating a cautious approach to increasing rents.
For long-hold investors, the setup implies an opportunity to capitalize on the anticipated increase in rental values without necessarily relying on rapid home price appreciation. The focus should be on securing properties at or below current market values and positioning them to benefit from the rising FMR. However, the lack of specific data on home value trends means that appreciation expectations must be grounded in broader regional economic factors and the local job market's health.
In summary, the current market in ZIP 99841, driven by the wide gap between FMR and market rent, points towards a favorable environment for rental income growth. Long-hold investors should seek to acquire properties at advantageous prices and prepare for potential increases in rental rates, aligning their investments with the federal standards for affordable housing.
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.