Location: Hawaii County, HI | Metro: Hawaii County, HI
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,530 |
| 1 Bedroom | $1,540 |
| 2 Bedrooms | $1,990 |
| 3 Bedrooms | $2,510 |
| 4 Bedrooms | $2,780 |
| 5 Bedrooms | $3,225 |
| 6 Bedrooms | $3,612 |
| 7 Bedrooms | $3,901 |
| 8 Bedrooms | $4,096 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $2,510 | $280,172 | 0.9% | C |
U.S. Census Bureau data (2024)
19.5% of residents in ZIP code 96777 are renters, indicating a moderate demand for rental properties in the area. The Fair Market Rent (FMR) for the metro area as of fiscal year 2026 is set at $1,870, providing a benchmark for rental pricing that landlords should adhere to for eligibility under the Section 8 program. Despite the lack of specific data on market rent and days on market (DOM), the median home value stands at $284,605, suggesting a stable housing market. Landlords can use this figure to gauge property values and potential returns on investment. The median income of $64,643 in the region is crucial for understanding the economic capacity of potential tenants and their ability to meet rental obligations. Although the percentage of listings that have had their prices cut is not available, the absence of such data could imply that property values remain relatively steady without significant fluctuations. This stability is further supported by the lack of information on DOM, which might indicate that properties are selling quickly or that the local real estate market is not heavily reliant on online listings. For landlords and small-portfolio investors looking to participate in the Section 8 program, the area offers a balanced opportunity with clear FMR guidelines and a stable housing market. However, it's important to consider the economic profile of the tenants and ensure that the rental income aligns with the maintenance costs of the properties.
Based on the provided data, the Section 8 verdict for ZIP 96777 is positive, given the defined FMR and stable median home values, though income levels suggest careful tenant selection to maintain financial viability.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.