How many renters live in Kenai, Alaska?
The City of Kenai has 7,477 people living in 2,870 households.
There are 2,725 renters living in 1,051 renter households in this City. Renters make up 36.45 percent of the population living in Kenai.
What is the rental market like in Kenai, Alaska?
There are an estimated 3,243 housing units in the Kenai area. Of these, 1,141 units are rental homes, making up 35 percent of the housing market. For every renter household in Kenai, Alaska, there are 1 rental units.
What is the vacancy rate for rentals in Kenai?
The rental vacancy rate in Kenai is 8 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Kenai for each bedroom size?
Occupied Rental Units by Size in Kenai
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 24 | 234 | 342 | 403 | 48 |
Occupied Rental Units by Size in Kenai
A large number of apartments in Kenai have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Kenai are overburdened by housing costs?
Among renter households in this market, 35 percent have housing cost burden. Further, 15 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Kenai
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $984 to $2,090. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $984 |
| One BR | $990 |
| Two BR | $1,301 |
| Three BR | $1,833 |
| Four BR | $2,090 |
2024 Fair Market Rents in Kenai, Alaska
How many units are rented at Fair Market Rent (FMR) in Kenai?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 23 | 96 percent |
| One BR | 173 | 74 percent |
| Two BR | 233 | 68 percent |
Rental Units Below FMR in Kenai, Alaska
How many affordable rental units are in Kenai?
There are a variety of federal affordable housing programs serving households in Kenai, Alaska including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 48 |
| Section 8 Project-Based Rental Assistance | 23 |
| USDA Section 515 Rural Rental Housing | 72 |
Tracked Units by Federal Program in Kenai, Alaska
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Kenai, Alaska
Kenai features 72 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Kenai, Alaska
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Kenai.
Housing Choice Vouchers in Kenai, Alaska
On average, Section 8 Housing Choice vouchers pay Kenai landlords $600 per month towards rent. The average voucher holder contributes $500 towards rent in Kenai.
The maximum amount a voucher would pay on behalf of a low-income tenant in Kenai, Alaska for a two-bedroom apartment is between $1,171 and $1,431.
Sourced from federal housing data and AffordableHousingOnline.com research.
