What HUD offices serve Volcano, 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 Volcano.
How many renters live in Volcano, Hawaii?
The City of Volcano has people living in households.
There are renters living in renter households in this City. Renters make up 5.43 percent of the population living in Volcano.
What is the rental market like in Volcano, Hawaii?
There are an estimated housing units in the Volcano area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Volcano, Hawaii, there are 1 rental units.
What is the vacancy rate for rentals in Volcano?
The rental vacancy rate in Volcano 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 Volcano for each bedroom size?
Occupied Rental Units by Size in Volcano
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 5 | 0 | 0 | 10 | 0 |
Occupied Rental Units by Size in Volcano
A large number of apartments in Volcano have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Volcano
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 Volcano, Hawaii
How many units are rented at Fair Market Rent (FMR) in Volcano?
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 | 0 | 100 percent |
Rental Units Below FMR in Volcano, Hawaii
How many affordable rental units are in Volcano?
Income Based Apartments in Volcano, Hawaii
Volcano features 0 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 Volcano, Hawaii
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Volcano.
Housing Choice Vouchers in Volcano, Hawaii
On average, Section 8 Housing Choice vouchers pay Volcano landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Volcano.
The maximum amount a voucher would pay on behalf of a low-income tenant in Volcano, Hawaii for a two-bedroom apartment is between $1,809 and $2,211.
Sourced from federal housing data and AffordableHousingOnline.com research.