FMR is below market; voucher rent may lag private rents.
0.68
1 BR
1 BR- 96730
0.60ratio
FMR$1,820
Market$3,010
vs market-$1,190
FMR is below market; voucher rent may lag private rents.
0.60
2 BR
2 BR- 96730
0.69ratio
FMR$2,370
Market$3,440
vs market-$1,070
FMR is below market; voucher rent may lag private rents.
0.69
3 BR
3 BR- 96730
0.90ratio
FMR$3,280
Market$3,630
vs market-$350
FMR is near market; voucher and private rents are aligned.
0.90
4 BR
4 BR- 96730
0.84ratio
FMR$3,960
Market$4,730
vs market-$770
FMR is below market; voucher rent may lag private rents.
0.84
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Kaaawa, HI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Kaaawa, HI is $2,370 a month. That is up 5.8% from $2,240 in FY 2026. Kaaawa is in the Urban Honolulu, HI MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in Hawaii is $2,326, so Kaaawa is 2% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Kaaawa, HI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,590
$1,710
+7.5%
$1,539–$1,881
1BR
$1,710
$1,820
+6.4%
$1,638–$2,002
2BR
$2,240
$2,370
+5.8%
$2,133–$2,607
3BR
$3,120
$3,280
+5.1%
$2,952–$3,608
4BR
$3,760
$3,960
+5.3%
$3,564–$4,356
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Kaaawa, HI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,710
$1,820
$2,370
$3,280
$3,960
FY 2026
$1,590
$1,710
$2,240
$3,120
$3,760
FY 2025
$1,500
$1,630
$2,130
$2,980
$3,580
FY 2024
$1,360
$1,490
$1,950
$2,750
$3,310
FY 2023
$1,300
$1,430
$1,870
$2,660
$3,190
Questions about Kaaawa, HI rents
How much will Section 8 pay for a two-bedroom in Kaaawa, HI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,370, that basic range is $2,133 to $2,607 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Kaaawa, HI in?
Kaaawa, HI is in the Urban Honolulu, HI MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.
How much did fair market rent change in Kaaawa, HI for FY 2027?
The two-bedroom FMR rose 5.8%, from $2,240 in FY 2026 to $2,370 in FY 2027. Since FY 2023 it has risen 26.7%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set