Section 8 Fair Market Rent (FMR) for ZIP 96771 - 2027

Location: Hawaii County, HI | Metro: Hawaii County, HI

Investment Score for ZIP 96771

Monthly Rent (2BR)

$1,960

Median Price (2BR)

$290,943

1% Rule

0.67%

Annual Yield

8.08%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,510
1 Bedroom	$1,520
2 Bedrooms	$1,960
3 Bedrooms	$2,470
4 Bedrooms	$2,740
5 Bedrooms	$3,178
6 Bedrooms	$3,559
7 Bedrooms	$3,844
8 Bedrooms	$4,036

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
1BR	$1,520	$206,257	0.74%	D
2BR	$1,960	$290,943	0.67%	D
3BR	$2,470	$385,432	0.64%	D
4BR	$2,740	$500,749	0.55%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

7,793

Median Household Income

$62,426

Housing Units

3,235

Renter Percentage

17.9%

Occupancy Rate

90.2%

Renter Occupied

523

Mountain View, HI, located in ZIP code 96771, is a burgeoning area that offers both rental and homeownership opportunities. The real estate market here is characterized by a mix of affordability and growth potential, making it an attractive option for investors looking to diversify their portfolios.

The Fair Market Rent (FMR) for the Mountain View area is set at $1,940 for the fiscal year 2026, indicating a strong demand for affordable housing.
The average market rent for properties in this area, based on Census ACS data, is $1,283. This suggests that there is room for rental price increases to align with the FMR, potentially leading to higher returns for landlords.
The median home value in Mountain View is $319,630, which is lower compared to many other areas in Hawaii, making it an appealing location for first-time buyers and investors alike.
Renters make up 17.9% of the population, showing a significant portion of the community that relies on rental properties, thus creating a stable tenant base.
The median income for residents in this ZIP code is $62,426, providing insight into the economic profile of the area and the potential for rental income growth as incomes rise.
Note that the Days on Market (DOM) for properties in this area is currently listed as N/A, which could indicate a lack of recent sales data or a rapidly moving market where listings are snapped up quickly.

In summary, the real estate market in Mountain View, HI, presents a favorable investment climate, especially for those interested in rental properties. With a growing demand for affordable housing and a median home value that remains relatively low, this area offers a good balance between risk and reward. The current median rent is below the projected FMR, suggesting potential for rental rate adjustments. Additionally, the significant share of renters and steady median income levels support the idea that this market can sustain and possibly increase rental demands. For landlords and small-portfolio investors, the opportunity to capitalize on these trends by acquiring properties at today's values and positioning them to meet future rental rates could be highly profitable.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). Demographics from U.S. Census (2024).

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.