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Affordable Housing In Waikoloa Village
Hawaii County, Hawaii

Housing Authorities that serve Waikoloa Village

Housing Authority Programs
County of Hawaii Office of Housing and Community Development Section 8 Housing Choice Voucher (HCV); Family Self-Sufficiency

Guide To Affordable Housing in Waikoloa Village, Hawaii

There are 0 low income housing apartment communities offering 0 affordable apartments for rent in Waikoloa Village, Hawaii.

Income Based Apartments in Waikoloa Village, Hawaii

Waikoloa Village 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 Waikoloa Village, Hawaii

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Waikoloa Village.

Housing Choice Vouchers in Waikoloa Village, Hawaii

On average, Section 8 Housing Choice vouchers pay Waikoloa Village landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Waikoloa Village.

The maximum amount a voucher would pay on behalf of a low-income tenant in Waikoloa Village, Hawaii for a two-bedroom apartment is between $1,322 and $1,616.

2021 Waikoloa Village, Hawaii Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Waikoloa Village, Hawaii Fair Market Rent $969 $1,115 $1,469 $1,889 $1,992
Waikoloa Village, Hawaii Payment Standard Range $872 to $1,066 $1,004 to $1,227 $1,322 to $1,616 $1,700 to $2,078 $1,793 to $2,191

Sourced from federal housing data and AffordableHousingOnline.com research.

Waikoloa Village, HI Affordable Housing Snapshot

Total Affordable Apartment Properties 0
Total Low Income Apartments 0
Total Housing Units with Rental Assistance 0
Percentage of Housing Units Occupied By Renters 22.97%
Average Renter Household Size 3.24
Average Household Size 2.75
Median Household Income $74,217 ±$6,898
Median Rent $1,403 ±$216
Percentage Of Renters Overburdened 54.91% ± 21.94pp
Total Population 6,350

Population and Household Demographics

Waikoloa Village is a city in Hawaii County, Hawaii with a population of 6,350. There are 2,307 households in the city with an average household size of 2.75 persons. 22.97% of households in Waikoloa Village are renters.

Income and Rent Overburden in Waikoloa Village

The median gross income for households in Waikoloa Village is $74,217 a year, or $6,185 a month. The median rent for the city is $1,403 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Waikoloa Village, a household making less than $4,677 a month would be considered overburdened when renting an apartment at or above the median rent. 54.91% of households who rent are overburdened in Waikoloa Village.

Area Median Income In Waikoloa Village

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Waikoloa Village, the AMI is calculated from all households within Hawaii County.

In Waikoloa Village, HUD calculates the Area Median Income for a family of four as $78,800

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Waikoloa Village

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Waikoloa Village

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Waikoloa Village AMI may qualify for rental assistance programs that target Extremely Low Income households.
$18,000 $20,600 $25,260 $30,480 $35,700 $40,920 $46,140 $51,360
50% AMI Income Limits
Renters earning up to 50% of the Waikoloa Village AMI may qualify for rental assistance programs that target Very Low Income households.
$30,000 $34,250 $38,550 $42,800 $46,250 $49,650 $53,100 $56,500
80% AMI Income Limits
Renters earning up to 80% of the Waikoloa Village AMI may qualify for rental assistance programs that target Low Income households.
$47,950 $54,800 $61,650 $68,500 $74,000 $79,500 $84,950 $90,450