Location: Hawaii County, HI | Metro: Hawaii County, HI
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,600 |
| 1 Bedroom | $1,610 |
| 2 Bedrooms | $2,080 |
| 3 Bedrooms | $2,620 |
| 4 Bedrooms | $2,910 |
| 5 Bedrooms | $3,376 |
| 6 Bedrooms | $3,781 |
| 7 Bedrooms | $4,083 |
| 8 Bedrooms | $4,287 |
The market analysis for Section 8 investors in ZIP code 96745 (Unknown, HI, Hawaii County, HI metro) reveals several key points. The HUD Fair Market Rent (FMR) for the area is set at $2,080 for fiscal year 2026. However, the current market rent data is not available, making it challenging to directly compare FMR against prevailing market rates.
Despite the lack of current market rent data, we can infer that voucher tenants would likely cashflow at FMR levels, given that Section 8 rents are typically lower than market rates. This suggests that landlords would see positive cash flow from voucher tenants, especially if they manage their expenses effectively.
The median home value data is also not available, which means we cannot calculate an exact rent-to-price ratio. However, in areas where median home values are high relative to rental income, such as many parts of Hawaii, the rent-to-price ratio tends to be low, indicating that renting may be a more attractive option than buying for investors seeking steady income.
Due to the unavailability of specific data on the days-on-market (DOM) and percentage of price cuts, it's difficult to provide insights into how quickly properties are rented out or if there's a need for price adjustments. Nonetheless, the general trend in the Hawaiian real estate market often favors rental properties due to the high cost of homeownership.
The strongest angle for investors in ZIP 96745 is stability. Given the reliance on government-subsidized rents, there is less risk of sudden rent decreases compared to the private rental market. This predictability can offer peace of mind and consistent cash flow, which is particularly valuable for small-portfolio investors and landlords looking for long-term investments.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.