FMR is near market; voucher and private rents are aligned.
1.08
1 BR
1 BR- 96782
0.90ratio
FMR$2,060
Market$2,280
vs market-$220
FMR is near market; voucher and private rents are aligned.
0.90
2 BR
2 BR- 96782
1.06ratio
FMR$2,680
Market$2,540
vs market+$140
FMR is near market; voucher and private rents are aligned.
1.06
3 BR
3 BR- 96782
1.10ratio
FMR$3,710
Market$3,360
vs market+$350
FMR is above market; underwrite to market rent.
1.10
4 BR
4 BR- 96782
1.27ratio
FMR$4,480
Market$3,540
vs market+$940
FMR is above market; underwrite to market rent.
1.27
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
--
Pearl City, HI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Pearl City, HI is $2,680 a month. That is down 1.1% from $2,710 in FY 2026. Pearl City 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 Pearl City is 15% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Pearl City, HI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,930
$1,940
+0.5%
$1,746–$2,134
1BR
$2,070
$2,060
−0.5%
$1,854–$2,266
2BR
$2,710
$2,680
−1.1%
$2,412–$2,948
3BR
$3,770
$3,710
−1.6%
$3,339–$4,081
4BR
$4,550
$4,480
−1.5%
$4,032–$4,928
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Pearl City, HI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,940
$2,060
$2,680
$3,710
$4,480
FY 2026
$1,930
$2,070
$2,710
$3,770
$4,550
FY 2025
$1,950
$2,120
$2,780
$3,900
$4,670
FY 2024
$1,770
$1,930
$2,530
$3,570
$4,290
FY 2023
$1,690
$1,860
$2,430
$3,450
$4,140
Questions about Pearl City, HI rents
How much will Section 8 pay for a two-bedroom in Pearl City, HI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,680, that basic range is $2,412 to $2,948 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 Pearl City, HI in?
Pearl City, 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 Pearl City, HI for FY 2027?
The two-bedroom FMR fell 1.1%, from $2,710 in FY 2026 to $2,680 in FY 2027. Since FY 2023 it has risen 10.3%.
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