FMR is below market; voucher rent may lag private rents.
0.86
1 BR
1 BR- 96792
0.84ratio
FMR$1,730
Market$2,070
vs market-$340
FMR is below market; voucher rent may lag private rents.
0.84
2 BR
2 BR- 96792
0.98ratio
FMR$2,260
Market$2,300
vs market-$40
FMR is near market; voucher and private rents are aligned.
0.98
3 BR
3 BR- 96792
1.04ratio
FMR$3,130
Market$3,000
vs market+$130
FMR is near market; voucher and private rents are aligned.
1.04
4 BR
4 BR- 96792
1.04ratio
FMR$3,780
Market$3,640
vs market+$140
FMR is near market; voucher and private rents are aligned.
1.04
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
--
Waianae, HI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Waianae, HI is $2,260 a month. That is down 4.2% from $2,360 in FY 2026. Waianae 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 Waianae is 3% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Waianae, HI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,680
$1,630
−3.0%
$1,467–$1,793
1BR
$1,800
$1,730
−3.9%
$1,557–$1,903
2BR
$2,360
$2,260
−4.2%
$2,034–$2,486
3BR
$3,280
$3,130
−4.6%
$2,817–$3,443
4BR
$3,960
$3,780
−4.5%
$3,402–$4,158
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Waianae, HI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,630
$1,730
$2,260
$3,130
$3,780
FY 2026
$1,680
$1,800
$2,360
$3,280
$3,960
FY 2025
$1,660
$1,800
$2,360
$3,310
$3,960
FY 2024
$1,160
$1,270
$1,660
$2,340
$2,820
FY 2023
$1,110
$1,220
$1,600
$2,270
$2,730
Questions about Waianae, HI rents
How much will Section 8 pay for a two-bedroom in Waianae, HI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,260, that basic range is $2,034 to $2,486 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 Waianae, HI in?
Waianae, 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 Waianae, HI for FY 2027?
The two-bedroom FMR fell 4.2%, from $2,360 in FY 2026 to $2,260 in FY 2027. Since FY 2023 it has risen 41.3%.
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