FMR is below market; voucher rent may lag private rents.
0.77
1 BR
1 BR- 96791
0.67ratio
FMR$2,100
Market$3,120
vs market-$1,020
FMR is below market; voucher rent may lag private rents.
0.67
2 BR
2 BR- 96791
0.77ratio
FMR$2,740
Market$3,540
vs market-$800
FMR is below market; voucher rent may lag private rents.
0.77
3 BR
3 BR- 96791
0.82ratio
FMR$3,790
Market$4,600
vs market-$810
FMR is below market; voucher rent may lag private rents.
0.82
4 BR
4 BR- 96791
1.03ratio
FMR$4,580
Market$4,460
vs market+$120
FMR is near market; voucher and private rents are aligned.
1.03
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
--
Waialua, HI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Waialua, HI is $2,740 a month. That is down 5.5% from $2,900 in FY 2026. Waialua 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 Waialua is 18% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Waialua, HI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,060
$1,980
−3.9%
$1,782–$2,178
1BR
$2,210
$2,100
−5.0%
$1,890–$2,310
2BR
$2,900
$2,740
−5.5%
$2,466–$3,014
3BR
$4,030
$3,790
−6.0%
$3,411–$4,169
4BR
$4,860
$4,580
−5.8%
$4,122–$5,038
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Waialua, HI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,980
$2,100
$2,740
$3,790
$4,580
FY 2026
$2,060
$2,210
$2,900
$4,030
$4,860
FY 2025
$2,100
$2,280
$2,990
$4,190
$5,020
FY 2024
$1,860
$2,030
$2,660
$3,750
$4,510
FY 2023
$1,750
$1,920
$2,510
$3,570
$4,280
Questions about Waialua, HI rents
How much will Section 8 pay for a two-bedroom in Waialua, HI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,740, that basic range is $2,466 to $3,014 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 Waialua, HI in?
Waialua, 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 Waialua, HI for FY 2027?
The two-bedroom FMR fell 5.5%, from $2,900 in FY 2026 to $2,740 in FY 2027. Since FY 2023 it has risen 9.2%.
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