HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Hawaii County, Hawaii (FY 2026)
A two-bedroom in Hawaii County carries a FY 2026 Fair Market Rent of $2,076 a month, effective October 1, 2025 through September 30, 2026. Everything Section 8 pays in Hawaii keys off that figure.
2 bedroom FMR
$2,076
FY 2026, utilities included
Payment standard range
$1,868 to $2,284
90% to 110% of FMR
Income to afford 2BR
$83,040
per year, at 30% of income
Rank in Hawaii
5th of 5
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Hawaii moves to $2,081. That's unchanged. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Hawaii actually rent for?
Search any address in Hawaii for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $1,592 | $1,433 to $1,751 | $63,680 | $30.62/hr | +1.1% |
| 1 bedroom | $1,603 | $1,443 to $1,763 | $64,120 | $30.83/hr | -0.6% |
| 2 bedroom | $2,076 | $1,868 to $2,284 | $83,040 | $39.92/hr | +0.0% |
| 3 bedroom | $2,622 | $2,360 to $2,884 | $104,880 | $50.42/hr | -3.0% |
| 4 bedroom | $3,024 | $2,722 to $3,326 | $120,960 | $58.15/hr | +0.0% |
5 to 8 bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $3,478 | $3,130 to $3,826 |
| 6 bedroom Estimate | $3,931 | $3,538 to $4,324 |
| 7 bedroom Estimate | $4,385 | $3,947 to $4,824 |
| 8 bedroom Estimate | $4,838 | $4,354 to $5,322 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2026 that's October 1, 2025 through September 30, 2026. In Hawaii, that runs from $1,592 for a studio up to $3,024 for four bedrooms, all five rates in the table above.
Because Hawaii sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Hilo included.
Among Hawaii's 5 counties, Hawaii ranks 5th for two-bedroom FMR. That's about 17% below the state median of $2,492 and about 104% above the national median county at $1,018. About 202,163 people live here, 2nd in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $1,870 in 96749 (Keaau) and $3,070 in 96743 (Kamuela), with the 31 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
| ZIP | City | 2BR rate | vs county |
|---|---|---|---|
| 96704 | Captain Cook | $2,550 | +22.8% |
| 96710 | Hakalau | $2,280 | +9.8% |
| 96718 | Hawaii National Park | $2,076County rate | — |
| 96719 | Hawi | $2,350 | +13.2% |
| 96720 | Hilo | $1,900 | -8.5% |
| 96721 | Hilo | $2,080 | +0.2% |
| 96725 | Holualoa | $2,390 | +15.1% |
| 96726 | Honaunau | $2,550 | +22.8% |
| 96727 | Honokaa | $1,980 | -4.6% |
| 96728 | Honomu | $2,310 | +11.3% |
| 96737 | Ocean View | $2,170 | +4.5% |
| 96738 | Waikoloa | $2,830 | +36.3% |
| 96739 | Keauhou | $2,080 | +0.2% |
| 96740 | Kailua Kona | $2,500 | +20.4% |
| 96743 | Kamuela | $3,070 | +47.9% |
| 96745 | Kailua Kona | $2,080 | +0.2% |
| 96749 | Keaau | $1,870 | -9.9% |
| 96750 | Kealakekua | $1,870 | -9.9% |
| 96755 | Kapaau | $1,970 | -5.1% |
| 96760 | Kurtistown | $1,870 | -9.9% |
| 96764 | Laupahoehoe | $1,870 | -9.9% |
| 96771 | Mountain View | $1,940 | -6.6% |
| 96772 | Naalehu | $1,870 | -9.9% |
| 96773 | Ninole | $2,080 | +0.2% |
| 96774 | Ookala | $2,080 | +0.2% |
| 96776 | Paauilo | $1,950 | -6.1% |
| 96777 | Pahala | $1,870 | -9.9% |
| 96778 | Pahoa | $1,970 | -5.1% |
| 96780 | Papaaloa | $1,870 | -9.9% |
| 96781 | Papaikou | $2,280 | +9.8% |
| 96783 | Pepeekeo | $2,020 | -2.7% |
| 96785 | Volcano | $1,870 | -9.9% |
What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Hawaii somewhere between $1,868 and $2,284. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$2,076 a month is affordable, by HUD's 30% rule, on an income of roughly $83,040 a year. Put another way, $40 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($1,868) | HAP at 100% ($2,076) | HAP at 110% ($2,284) |
|---|---|---|---|---|
| $2,500 | $750 | $1,118 | $1,326 | $1,534 |
| $4,000 | $1,200 | $668 | $876 | $1,084 |
Rate history
The two-bedroom rate didn't move from FY 2025 to FY 2026. It was $2,075 then and it's $2,076 now. Since FY 2020 it's up 45% in total, about 6.4% a year. The Hawaii median moved up 17% over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $931 | $1,085 | $1,429 | $1,800 | $1,936 | — |
| FY 2021 | $969 | $1,115 | $1,469 | $1,889 | $1,992 | +2.8% |
| FY 2022 | $1,017 | $1,164 | $1,531 | $1,969 | $2,076 | +4.2% |
| FY 2023 | $1,281 | $1,449 | $1,901 | $2,446 | $2,582 | +24.2% |
| FY 2024 | $1,458 | $1,548 | $2,010 | $2,588 | $2,855 | +5.7% |
| FY 2025 | $1,575 | $1,612 | $2,075 | $2,703 | $3,023 | +3.2% |
| FY 2026 | $1,592 | $1,603 | $2,076 | $2,622 | $3,024 | +0.0% |
| FY 2027 | $1,605 | $1,615 | $2,081 | $2,620 | $2,910 | +0.2% |
Nearby counties
Questions people ask
$2,076 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $1,592 for a studio, $1,603 for one bedroom, $2,622 for three and $3,024 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the payment standard and tenant share for a specific rent.
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords.
Rent affordability calculator
See what income a household needs for a given rent.
What does a rental in Hawaii actually go for?
HUD's number is one input. Search any address in Hawaii for a rent estimate built from nearby comps. 3 free searches, no card.
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