FMR is below market; voucher rent may lag private rents.
0.83
1 BR
1 BR- 96738
0.83ratio
FMR$2,270
Market$2,750
vs market-$480
FMR is below market; voucher rent may lag private rents.
0.83
2 BR
2 BR- 96738
0.93ratio
FMR$2,920
Market$3,140
vs market-$220
FMR is near market; voucher and private rents are aligned.
0.93
3 BR
3 BR- 96738
1.07ratio
FMR$3,680
Market$3,450
vs market+$230
FMR is near market; voucher and private rents are aligned.
1.07
4 BR
4 BR- 96738
1.08ratio
FMR$4,080
Market$3,770
vs market+$310
FMR is near market; voucher and private rents are aligned.
1.08
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
--
Waikoloa, HI fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Waikoloa, HI is $2,920 a month. That is up 3.2% from $2,830 in FY 2026. Waikoloa is in the Hawaii County, HI non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $2,081. The median county two-bedroom FMR in Hawaii is $2,326, so Waikoloa is 26% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Waikoloa, HI
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,170
$2,250
+3.7%
$2,025–$2,475
1BR
$2,180
$2,270
+4.1%
$2,043–$2,497
2BR
$2,830
$2,920
+3.2%
$2,628–$3,212
3BR
$3,570
$3,680
+3.1%
$3,312–$4,048
4BR
$4,120
$4,080
−1.0%
$3,672–$4,488
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Waikoloa, HI
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,250
$2,270
$2,920
$3,680
$4,080
FY 2026
$2,170
$2,180
$2,830
$3,570
$4,120
FY 2025
$2,010
$2,060
$2,650
$3,450
$3,860
FY 2024area FMR
$1,458
$1,548
$2,010
$2,588
$2,855
FY 2023area FMR
$1,281
$1,449
$1,901
$2,446
$2,582
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Waikoloa, HI rents
How much will Section 8 pay for a two-bedroom in Waikoloa, HI?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $2,081, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,873 to $2,289 a month; under the ZIP-level Small Area FMR of $2,920 it would be $2,628 to $3,212. 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 Waikoloa, HI in?
Waikoloa, HI is in the Hawaii County, HI non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $2,081.
How much did fair market rent change in Waikoloa, HI for FY 2027?
The two-bedroom FMR rose 3.2%, from $2,830 in FY 2026 to $2,920 in FY 2027. Since FY 2025 it has risen 10.2%.
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