How many renters live in North Pole, Alaska?
The City of North Pole has 2,816 people living in 1,013 households.
There are 1,111 renters living in 459 renter households in this City. Renters make up 39.45 percent of the population living in North Pole.
What is the rental market like in North Pole, Alaska?
There are an estimated 1,150 housing units in the North Pole area. Of these, 474 units are rental homes, making up 41 percent of the housing market. For every renter household in North Pole, Alaska, there are 1 rental units.
What is the vacancy rate for rentals in North Pole?
The rental vacancy rate in North Pole is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in North Pole for each bedroom size?
Occupied Rental Units by Size in North Pole
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 5 | 85 | 229 | 69 | 16 |
Occupied Rental Units by Size in North Pole
A large number of apartments in North Pole 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 North Pole are overburdened by housing costs?
Among renter households in this market, 27 percent have housing cost burden. Further, 12 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 North Pole
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,116 to $2,793. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,116 |
| One BR | $1,253 |
| Two BR | $1,646 |
| Three BR | $2,320 |
| Four BR | $2,793 |
2024 Fair Market Rents in North Pole, Alaska
How many units are rented at Fair Market Rent (FMR) in North Pole?
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 | 5 | 100 percent |
| One BR | 71 | 84 percent |
| Two BR | 151 | 66 percent |
Rental Units Below FMR in North Pole, Alaska
How many affordable rental units are in North Pole?
There are a variety of federal affordable housing programs serving households in North Pole, Alaska including the following:
| Federal Program | Unit Count |
| Section 811 Supportive Housing for Persons with Disabilities | 10 |
Tracked Units by Federal Program in North Pole, Alaska
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in North Pole, Alaska
North Pole features 37 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 North Pole, Alaska
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in North Pole.
Housing Choice Vouchers in North Pole, Alaska
On average, Section 8 Housing Choice vouchers pay North Pole landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in North Pole.
The maximum amount a voucher would pay on behalf of a low-income tenant in North Pole, Alaska for a two-bedroom apartment is between $1,481 and $1,811.
Sourced from federal housing data and AffordableHousingOnline.com research.
