How many renters live in Kodiak Island Borough, Alaska?
The County of Kodiak Island Borough has people living in households.
There are renters living in renter households in this County. Renters make up 40.96 percent of the population living in Kodiak Island Borough.
What is the rental market like in Kodiak Island Borough, Alaska?
There are an estimated housing units in the Kodiak Island Borough area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Kodiak Island Borough, Alaska, there are 1.12 rental units.
What is the vacancy rate for rentals in Kodiak Island Borough?
The rental vacancy rate in Kodiak Island Borough is 10 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 Kodiak Island Borough for each bedroom size?
Occupied Rental Units by Size in Kodiak Island Borough
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 135 | 267 | 648 | 632 | 209 |
Occupied Rental Units by Size in Kodiak Island Borough
A large number of apartments in Kodiak Island Borough have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Kodiak Island Borough
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,228 to $2,622. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,228 |
| One BR | $1,379 |
| Two BR | $1,812 |
| Three BR | $2,220 |
| Four BR | $2,622 |
2024 Fair Market Rents in Kodiak Island Borough, Alaska
How many units are rented at Fair Market Rent (FMR) in Kodiak Island Borough?
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 | 17 percent |
| One BR | 191 | 72 percent |
| Two BR | 123 | 19 percent |
Rental Units Below FMR in Kodiak Island Borough, Alaska
How many affordable rental units are in Kodiak Island Borough?
There are a variety of federal affordable housing programs serving households in Kodiak Island Borough, Alaska including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | |
| Public Housing | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Kodiak Island Borough, Alaska
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Kodiak Island Borough, Alaska
Kodiak Island Borough features 100 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 Kodiak Island Borough, Alaska
There are 50 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Kodiak Island Borough.
Housing Choice Vouchers in Kodiak Island Borough, Alaska
On average, Section 8 Housing Choice vouchers pay Kodiak Island Borough landlords $700 per month towards rent. The average voucher holder contributes $500 towards rent in Kodiak Island Borough.
The maximum amount a voucher would pay on behalf of a low-income tenant in Kodiak Island Borough, Alaska for a two-bedroom apartment is between $1,631 and $1,993.
Sourced from federal housing data and AffordableHousingOnline.com research.