How many renters live in Lake and Peninsula Borough, Alaska?
The County of Lake and Peninsula Borough has people living in households.
There are renters living in renter households in this County. Renters make up 29.33 percent of the population living in Lake and Peninsula Borough.
What is the rental market like in Lake and Peninsula Borough, Alaska?
There are an estimated housing units in the Lake and Peninsula Borough area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Lake and Peninsula Borough, Alaska, there are 1.17 rental units.
What is the vacancy rate for rentals in Lake and Peninsula Borough?
The rental vacancy rate in Lake and Peninsula Borough is 14 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 Lake and Peninsula Borough for each bedroom size?
Occupied Rental Units by Size in Lake and Peninsula Borough
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 14 | 43 | 25 | 25 |
Occupied Rental Units by Size in Lake and Peninsula Borough
A large number of apartments in Lake and Peninsula Borough have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many units are rented at Fair Market Rent (FMR) in Lake and Peninsula 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 |
| One BR | 2 | 14 percent |
| Two BR | 10 | 23 percent |
Rental Units Below FMR in Lake and Peninsula Borough, Alaska
How many affordable rental units are in Lake and Peninsula Borough?
Income Based Apartments in Lake and Peninsula Borough, Alaska
Lake and Peninsula Borough features 0 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 Lake and Peninsula Borough, Alaska
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lake and Peninsula Borough.
Housing Choice Vouchers in Lake and Peninsula Borough, Alaska
On average, Section 8 Housing Choice vouchers pay Lake and Peninsula Borough landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Lake and Peninsula Borough.
The maximum amount a voucher would pay on behalf of a low-income tenant in Lake and Peninsula Borough, Alaska for a two-bedroom apartment is between $843 and $1,031.
Sourced from federal housing data and AffordableHousingOnline.com research.