FMR is near market; voucher and private rents are aligned.
1.00
1 BR
1 BR- 96744
0.81ratio
FMR$2,150
Market$2,660
vs market-$510
FMR is below market; voucher rent may lag private rents.
0.81
2 BR
2 BR- 96744
0.85ratio
FMR$2,800
Market$3,280
vs market-$480
FMR is below market; voucher rent may lag private rents.
0.85
3 BR
3 BR- 96744
0.92ratio
FMR$3,880
Market$4,230
vs market-$350
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR- 96744
0.95ratio
FMR$4,680
Market$4,920
vs market-$240
FMR is near market; voucher and private rents are aligned.
0.95
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
--
Kaneohe, HI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Kaneohe, HI is $2,800 a month. That is down 1.8% from $2,850 in FY 2026. Kaneohe 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 Kaneohe is 20% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Kaneohe, HI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,020
$2,020
0.0%
$1,818–$2,222
1BR
$2,180
$2,150
−1.4%
$1,935–$2,365
2BR
$2,850
$2,800
−1.8%
$2,520–$3,080
3BR
$3,960
$3,880
−2.0%
$3,492–$4,268
4BR
$4,780
$4,680
−2.1%
$4,212–$5,148
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Kaneohe, HI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,020
$2,150
$2,800
$3,880
$4,680
FY 2026
$2,020
$2,180
$2,850
$3,960
$4,780
FY 2025
$2,000
$2,180
$2,850
$3,990
$4,790
FY 2024
$1,740
$1,900
$2,490
$3,510
$4,230
FY 2023
$1,630
$1,790
$2,350
$3,340
$4,000
Questions about Kaneohe, HI rents
How much will Section 8 pay for a two-bedroom in Kaneohe, HI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,800, that basic range is $2,520 to $3,080 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 Kaneohe, HI in?
Kaneohe, 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 Kaneohe, HI for FY 2027?
The two-bedroom FMR fell 1.8%, from $2,850 in FY 2026 to $2,800 in FY 2027. Since FY 2023 it has risen 19.1%.
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