FMR is near market; voucher and private rents are aligned.
0.98
1 BR
1 BR- 96789
0.96ratio
FMR$2,160
Market$2,240
vs market-$80
FMR is near market; voucher and private rents are aligned.
0.96
2 BR
2 BR- 96789
1.10ratio
FMR$2,810
Market$2,560
vs market+$250
FMR is near market; voucher and private rents are aligned.
1.10
3 BR
3 BR- 96789
1.14ratio
FMR$3,890
Market$3,420
vs market+$470
FMR is above market; underwrite to market rent.
1.14
4 BR
4 BR- 96789
1.07ratio
FMR$4,700
Market$4,390
vs market+$310
FMR is near market; voucher and private rents are aligned.
1.07
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
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Mililani, HI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Mililani, HI is $2,810 a month. That is up 3.3% from $2,720 in FY 2026. Mililani 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 Mililani is 21% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Mililani, HI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,930
$2,030
+5.2%
$1,827–$2,233
1BR
$2,080
$2,160
+3.8%
$1,944–$2,376
2BR
$2,720
$2,810
+3.3%
$2,529–$3,091
3BR
$3,780
$3,890
+2.9%
$3,501–$4,279
4BR
$4,560
$4,700
+3.1%
$4,230–$5,170
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Mililani, HI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,030
$2,160
$2,810
$3,890
$4,700
FY 2026
$1,930
$2,080
$2,720
$3,780
$4,560
FY 2025
$1,940
$2,110
$2,760
$3,870
$4,630
FY 2024
$1,750
$1,910
$2,500
$3,520
$4,240
FY 2023
$1,680
$1,850
$2,420
$3,440
$4,120
Questions about Mililani, HI rents
How much will Section 8 pay for a two-bedroom in Mililani, HI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,810, that basic range is $2,529 to $3,091 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 Mililani, HI in?
Mililani, 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 Mililani, HI for FY 2027?
The two-bedroom FMR rose 3.3%, from $2,720 in FY 2026 to $2,810 in FY 2027. Since FY 2023 it has risen 16.1%.
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