What HUD offices serve Honokaa, Hawaii?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Hawaii Public Housing and Low-Income Apartments Waiting Lists page for openings near Honokaa.
How many renters live in Honokaa, Hawaii?
The City of Honokaa has 2,290 people living in 705 households.
There are 689 renters living in 193 renter households in this City. Renters make up 30.09 percent of the population living in Honokaa.
What is the rental market like in Honokaa, Hawaii?
There are an estimated 818 housing units in the Honokaa area. Of these, 202 units are rental homes, making up 25 percent of the housing market. For every renter household in Honokaa, Hawaii, there are 1 rental units.
What is the vacancy rate for rentals in Honokaa?
The rental vacancy rate in Honokaa is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Honokaa for each bedroom size?
Occupied Rental Units by Size in Honokaa
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 26 | 20 | 20 | 88 | 39 |
Occupied Rental Units by Size in Honokaa
A large number of apartments in Honokaa have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Honokaa are overburdened by housing costs?
Among renter households in this market, 55 percent have housing cost burden. Further, 27 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Honokaa
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,458 to $2,855. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $1,458 |
| One BR | $1,548 |
| Two BR | $2,010 |
| Three BR | $2,588 |
| Four BR | $2,855 |
2024 Fair Market Rents in Honokaa, Hawaii
How many units are rented at Fair Market Rent (FMR) in Honokaa?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 26 | 100 percent |
| One BR | 20 | 100 percent |
| Two BR | 0 | 100 percent |
Rental Units Below FMR in Honokaa, Hawaii
How many affordable rental units are in Honokaa?
There are a variety of federal affordable housing programs serving households in Honokaa, Hawaii including the following:
| Federal Program | Unit Count |
| Public Housing | 41 |
| Section 811 Supportive Housing for Persons with Disabilities | 5 |
Tracked Units by Federal Program in Honokaa, Hawaii
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Honokaa, Hawaii
Honokaa features 6 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Honokaa, Hawaii
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Honokaa.
Housing Choice Vouchers in Honokaa, Hawaii
On average, Section 8 Housing Choice vouchers pay Honokaa landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Honokaa.
The maximum amount a voucher would pay on behalf of a low-income tenant in Honokaa, Hawaii for a two-bedroom apartment is between $1,809 and $2,211.
Sourced from federal housing data and AffordableHousingOnline.com research.
