Location: Prince of Wales-Hyder Census Area, AK | Metro: Prince of Wales-Hyder Census Area, AK
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
The ZIP code 99926 stands as a market in motion, characterized by a distinct imbalance between rental supply and demand. The Fair Market Rent (FMR) set at $1,060 for the fiscal year 2026 indicates a regulatory benchmark that is higher than the current market rent of $808, as reported by the Census American Community Survey (ACS). This suggests that landlords and property owners could potentially increase their rental rates to align with the FMR without significantly deterring tenants, given the existing demand.
The 32.0% renter share in 99926 reveals a substantial portion of the population that relies on rental housing. This high percentage implies ongoing and long-term housing pressure, as a significant number of residents are likely to continue seeking rental properties rather than purchasing homes. Such dynamics can create a steady demand for rental units, benefiting landlords and small-portfolio investors who can capitalize on the consistent need for affordable housing.
While the data on price-cut share, days on market (DOM), and median home value are currently unavailable, the disparity between the FMR and market rent points to an environment where demand might be slightly outpacing supply. Landlords should monitor local economic indicators and housing trends closely to adjust their strategies accordingly. With the right approach, this ZIP code offers a promising opportunity for those invested in the rental market.
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.