Location: Kahului-Wailuku-Lahaina, HI | Metro: Kahului-Wailuku-Lahaina, HI HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,850 |
| 1 Bedroom | $2,030 |
| 2 Bedrooms | $2,660 |
| 3 Bedrooms | $3,360 |
| 4 Bedrooms | $4,150 |
| 5 Bedrooms | $4,814 |
| 6 Bedrooms | $5,392 |
| 7 Bedrooms | $5,823 |
| 8 Bedrooms | $6,114 |
The ZIP code 96767 in Hawaii is characterized by limited available demographic data, which complicates a thorough analysis of the rental market and the presence of Section 8 tenants. However, based on the information at hand, it is clear that without specific percentages of renters or median household income figures, precise conclusions about the prevalence of voucher holders cannot be drawn.
To understand the potential demand for Section 8 tenants, we must consider the broader context of housing assistance needs in the region. The Federal Market Rent (FMR) for ZIP 96767 is set at $2140 for fiscal year 2024, indicating the maximum amount that landlords can charge for federally subsidized units under the Section 8 program.
While the exact percentage of residents relying on rental vouchers is unknown, the limited data suggests that landlords should prepare for a mix of tenants, some of whom may require housing assistance. Given the high cost of living in Hawaii, particularly in urban areas, it's reasonable to infer that a significant portion of the population might find themselves in need of financial aid to afford housing.
The typical market rent in comparison to the median household income remains unspecified, making it difficult to provide a concrete analysis of how much of the local income is consumed by rent. However, if we assume that market rents align closely with the FMR, then the average rent would represent a substantial portion of an individual's income, especially for those who are low-income and reliant on housing vouchers.
In conclusion, landlords in ZIP 96767 should anticipate a tenant base that includes individuals who are likely to use Section 8 vouchers. The FMR of $2140 provides a benchmark for rent prices in subsidized housing, but the actual impact on tenants' incomes will depend on the specific market conditions and the median income level of the area, which currently lacks definitive data points. Landlords should be prepared to engage with tenants who may have varying degrees of financial stability and seek out resources to support them in managing their properties effectively.
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.