Location: Prince of Wales-Hyder Census Area, AK | Metro: Prince of Wales-Hyder Census Area, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $950 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,690 |
| 4 Bedrooms | $2,150 |
| 5 Bedrooms | $2,494 |
| 6 Bedrooms | $2,793 |
| 7 Bedrooms | $3,016 |
| 8 Bedrooms | $3,167 |
U.S. Census Bureau data (2024)
The ZIP code 99921, located in a county with a unique demographic profile, stands out due to its relatively small population of 1,596 residents, of which 25.1% are renters. The median income in this area is $64,250, indicating a middle-class community. However, the absence of data on median home values suggests that this ZIP code may have a limited housing stock or an unusual mix of property types.
In terms of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,180. This figure is slightly higher than the current market rent, which according to the Census ACS, is $1,131. This means that landlords accepting Section 8 vouchers can expect a modest increase in rental income compared to the current market rates. The gap between the FMR and the market rent implies that there is a slight premium for those participating in the program, which could attract more landlords to accept vouchers.
The data signature for ZIP 99921 reads as "stable." Despite the limited median home value data, the other metrics suggest a consistent environment where the rental market is closely aligned with the federal guidelines for affordable housing. Landlords and small-portfolio investors should find the economic conditions predictable, with little indication of rapid changes that might disrupt their investment strategies.
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.