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Kauai County/Waimea/96796

96796

ZIPSAFMR
Kauai County, HI
Zillow

ZIP Investment Score

43Below average

095130300
BRFMR
Eff. Rent
0 BR$1,590$1,590
1 BR$1,600$1,600
2 BR$2,100$2,100
3 BR$2,580$2,580
4 BR$2,870$2,870
5 BR$3,300Not available
6 BR$3,796Not available
7 BR$4,365Not available
8 BR$5,020Not available

Purchase Price Calculator

Maximum purchase price
$250,143

Cost breakdown

+Likely effective rent$2,100
HUD FMRUsed$2,100
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,265
Loan amount$200,114
Down payment$50,029
Rate6.50%
Term30 years
-Operating costs-$635
Property taxes-$250
Insurance-$175
Utilities$0
HOA$0
Management-$210
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$33,603(67.2% ROI)
Projected value
$269,376
Return breakdown
Property appreciation+$19,234
Loan principal paid down+$7,170
Rental cash flow+$7,200
5-year hold
+$57,656(115.2% ROI)
Projected value
$283,013
Return breakdown
Property appreciation+$32,871
Loan principal paid down+$12,785
Rental cash flow+$12,000
10-year hold
+$124,526(248.9% ROI)
Projected value
$320,204
Return breakdown
Property appreciation+$70,061
Loan principal paid down+$30,465
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
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Mortgage rate
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ZIP 96796 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 96796 (Waimea, HI) is $2,100 a month. That is up 4.0% from $2,020 in FY 2026. Waimea 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, 96796 is tied for the 12th-highest two-bedroom rent (county range $2,100–$3,160). The median county two-bedroom FMR in Hawaii is $2,326, so ZIP 96796 is 10% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 96796
BedroomsFY 2027Change90–110% range
Studio$1,590+3.9%$1,431–$1,749
1BR$1,600+3.9%$1,440–$1,760
2BR$2,100+4.0%$1,890–$2,310
3BR$2,580+2.0%$2,322–$2,838
4BR$2,870−4.3%$2,583–$3,157

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 96796
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,590$1,600$2,100$2,580$2,870
FY 2026$1,530$1,540$2,020$2,530$3,000
FY 2025$1,450$1,630$2,140$2,810$3,330
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. 96796
96722$3,160+50.5%
96741$2,1000.0%
96746$2,260+7.6%
96747$2,1000.0%
96751$2,260+7.6%
96752$2,490+18.6%
96754$2,400+14.3%
96756$2,1000.0%
96765$2,290+9.0%
96766$2,270+8.1%
96769$2,1000.0%
96796Current$2,100—

Questions about ZIP 96796 rents

How much will Section 8 pay for a two-bedroom in ZIP 96796?

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 $2,100 it would be $1,890 to $2,310. 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 96796 in?

ZIP 96796 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 96796 for FY 2027?

The two-bedroom FMR rose 4.0%, from $2,020 in FY 2026 to $2,100 in FY 2027. Since FY 2025 it has fallen 1.9%.

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