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Kauai County/Kapaa/96746

96746

ZIPSAFMR
Kauai County, HI
Zillow

ZIP Investment Score

37Below average

095130300
BRFMR
Eff. Rent
0 BR$1,710$1,710
1 BR$1,720$1,720
2 BR$2,260$2,260
3 BR$2,780$2,780
4 BR$3,140$3,140
5 BR$3,611Not available
6 BR$4,153Not available
7 BR$4,776Not available
8 BR$5,492Not available

Purchase Price Calculator

Maximum purchase price
$273,919

Cost breakdown

+Likely effective rent$2,260
HUD FMRUsed$2,260
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,385
Loan amount$219,135
Down payment$54,784
Rate6.50%
Term30 years
-Operating costs-$675
Property taxes-$274
Insurance-$175
Utilities$0
HOA$0
Management-$226
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$36,113(65.9% ROI)
Projected value
$294,980
Return breakdown
Property appreciation+$21,062
Loan principal paid down+$7,851
Rental cash flow+$7,200
5-year hold
+$61,996(113.2% ROI)
Projected value
$309,914
Return breakdown
Property appreciation+$35,995
Loan principal paid down+$14,001
Rental cash flow+$12,000
10-year hold
+$134,081(244.7% ROI)
Projected value
$350,639
Return breakdown
Property appreciation+$76,720
Loan principal paid down+$33,361
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 96746 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 96746 (Kapaa, HI) is $2,260 a month. That is down 10.0% from $2,510 in FY 2026. Kapaa is in the Kauai 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 $2,105. Among 17 ZIP codes in Kauai County, 96746 is tied for the 8th-highest two-bedroom rent (county range $2,100–$3,160). The median county two-bedroom FMR in Hawaii is $2,326, so ZIP 96746 is 3% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 96746
BedroomsFY 2027Change90–110% range
Studio$1,710−10.0%$1,539–$1,881
1BR$1,720−9.9%$1,548–$1,892
2BR$2,260−10.0%$2,034–$2,486
3BR$2,780−9.7%$2,502–$3,058
4BR$3,140−8.2%$2,826–$3,454

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 96746
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,710$1,720$2,260$2,780$3,140
FY 2026$1,900$1,910$2,510$3,080$3,420
FY 2025$1,760$1,760$2,310$2,920$3,350
FY 2024area FMR$1,608$1,805$2,372$3,122$3,693
FY 2023area FMR$1,436$1,632$2,148$2,883$3,509

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Kauai County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 96746
96716$2,250−0.4%
96722$3,160+39.8%
96741$2,100−7.1%
96746Current$2,260—
96747$2,100−7.1%
96751$2,2600.0%
96752$2,490+10.2%
96754$2,400+6.2%
96756$2,100−7.1%
96765$2,290+1.3%
96766$2,270+0.4%
96769$2,100−7.1%

Questions about ZIP 96746 rents

How much will Section 8 pay for a two-bedroom in ZIP 96746?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $2,105, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,895 to $2,316 a month; under the ZIP-level Small Area FMR of $2,260 it would be $2,034 to $2,486. 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 ZIP 96746 in?

ZIP 96746 is in the Kauai County, HI non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $2,105.

How much did fair market rent change in ZIP 96746 for FY 2027?

The two-bedroom FMR fell 10.0%, from $2,510 in FY 2026 to $2,260 in FY 2027. Since FY 2025 it has fallen 2.2%.

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

County fair market rentKapaa, HI fair market rentHI statewide rentsWhat is SAFMR?Data sources