Section 8 Fair Market Rent (FMR) for ZIP 96850 - 2027

FY 2027 Fair Market Rent Rates

The ZIP code 96850 is located in Kailua-Kona, Hawaii, a region known for its scenic beauty and strong tourism industry. This area is attractive for real estate investment due to its desirable location and steady demand for rental properties. However, the real estate market in Kailua-Kona can be highly competitive, with specific metrics that provide insight into the potential for rental investments.

• The Fair Market Rent (FMR) for ZIP 96850 for fiscal year 2024 is set at $2390. This figure represents the maximum amount that HUD will pay for a unit to be considered affordable for low-income families.
• The market rent for the area is currently N/A, indicating that there might be limited recent data available on average rental prices. This could suggest either a stable market or a lack of comprehensive reporting.
• The median home value in ZIP 96850 is N/A, which means we do not have precise data on the typical cost of a home in this area. This could be due to the unique nature of the Hawaiian real estate market or insufficient data collection.
• The percentage of residents who are renters in this ZIP code is N/A%, suggesting a need for more detailed demographic information to understand the balance between homeowners and renters.
• The Days on Market (DOM) for properties in this area is N/A days, which would typically indicate how quickly properties are selling. The absence of this data could mean a very active market where homes sell rapidly, or it could reflect a less active market with fewer transactions.
• The median household income in ZIP 96850 is N/A, a critical metric for assessing the financial health of potential tenants and the overall economic stability of the area.

Given the available data, landlords and small-portfolio investors should consider the high FMR indicative of a potentially lucrative rental market, despite the lack of precise market rent figures. The unknown median home value suggests a complex housing landscape, possibly influenced by vacation homes and seasonal rentals. Without specific percentages for renter share and median income, it's advisable to conduct further research to fully understand the tenant pool and local economy. The missing DOM data points to either a very dynamic market or a lack of detailed transactional records, both of which should be factored into investment decisions. Overall, while some key metrics are unavailable, the high FMR and the area's appeal as a tourist destination support the potential for successful rental investments in ZIP 96850.

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.