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Affordable Housing In Waimea
Hawaii County, Hawaii

2 Low Income Apartment Communities In Waimea

Waimea Huakai

9555 Kaumualii Highway
Waimea, Hawaii

Kekaha Haaheo

9791 Laau Rd
Waimea, Hawaii
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Housing Authorities that serve Waimea

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 Waimea, Hawaii

There are 2 low income housing apartment communities offering 388 affordable apartments for rent in Waimea, Hawaii.

Income Based Apartments in Waimea, Hawaii

Waimea features 321 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 Waimea, Hawaii

There are 67 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Waimea.

Housing Choice Vouchers in Waimea, Hawaii

On average, Section 8 Housing Choice vouchers pay Waimea landlords $800 per month towards rent. The average voucher holder contributes $300 towards rent in Waimea.

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

2021 Waimea, 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
Waimea, Hawaii Fair Market Rent $969 $1,115 $1,469 $1,889 $1,992
Waimea, 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.

Waimea, HI Affordable Housing Snapshot

Total Affordable Apartment Properties 2
Total Low Income Apartments 388
Total Housing Units with Rental Assistance 321
Percentage of Housing Units Occupied By Renters 33.7%
Average Renter Household Size 3.18
Average Household Size 3.46
Median Household Income $58,941 ±$7,721
Median Rent $1,602 ±$377
Percentage Of Renters Overburdened 38.49% ± 15.62pp
Total Population 10,817

Population and Household Demographics

Waimea is a city in Hawaii County, Hawaii with a population of 10,817. There are 3,068 households in the city with an average household size of 3.46 persons. 33.7% of households in Waimea are renters.

Income and Rent Overburden in Waimea

The median gross income for households in Waimea is $58,941 a year, or $4,912 a month. The median rent for the city is $1,602 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Waimea, a household making less than $5,340 a month would be considered overburdened when renting an apartment at or above the median rent. 38.49% of households who rent are overburdened in Waimea.

Area Median Income In Waimea

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 Waimea, the AMI is calculated from all households within Hawaii County.

In Waimea, 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 Waimea

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 Waimea

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 Waimea 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 Waimea 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 Waimea 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