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Honolulu County/Ewa Beach/96706

96706

ZIPSAFMR
Honolulu County, HI
Zillow

ZIP Investment Score

85Below average

095130300
BRFMR
Eff. Rent
0 BR$2,320$2,090
1 BR$2,460$2,320
2 BR$3,210$2,920
3 BR$4,440$3,610
4 BR$5,370$4,430
5 BR$6,175Not available
6 BR$7,102Not available
7 BR$8,167Not available
8 BR$9,392Not available

Purchase Price Calculator

Maximum purchase price
$371,994

Cost breakdown

+Likely effective rent$2,920
HUD FMR$3,210
Market rentUsed$2,920
Est. payment standard (94%)$3,020
-Principal and interest-$1,881
Loan amount$297,595
Down payment$74,399
Rate6.50%
Term30 years
-Operating costs-$839
Property taxes-$372
Insurance-$175
Utilities$0
HOA$0
Management-$292
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$46,465(62.5% ROI)
Projected value
$400,597
Return breakdown
Property appreciation+$28,603
Loan principal paid down+$10,662
Rental cash flow+$7,200
5-year hold
+$79,897(107.4% ROI)
Projected value
$420,877
Return breakdown
Property appreciation+$48,883
Loan principal paid down+$19,013
Rental cash flow+$12,000
10-year hold
+$173,495(233.2% ROI)
Projected value
$476,184
Return breakdown
Property appreciation+$104,190
Loan principal paid down+$45,306
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.11
1 BR
1.06
2 BR
1.10
3 BR
1.23
4 BR
1.21
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 96706 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 96706 (Ewa Beach, HI) is $3,210 a month. That is up 1.6% from $3,160 in FY 2026. Ewa Beach is in the Urban Honolulu, HI MSA, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. Among 60 ZIP codes in Honolulu County, 96706 has the 7th-highest two-bedroom rent (county range $2,080–$3,810). The median county two-bedroom FMR in Hawaii is $2,326, so ZIP 96706 is 38% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 96706
BedroomsFY 2027Change90–110% range
Studio$2,320+3.6%$2,088–$2,552
1BR$2,460+2.1%$2,214–$2,706
2BR$3,210+1.6%$2,889–$3,531
3BR$4,440+1.1%$3,996–$4,884
4BR$5,370+1.3%$4,833–$5,907

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 96706
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,320$2,460$3,210$4,440$5,370
FY 2026$2,240$2,410$3,160$4,390$5,300
FY 2025$2,260$2,460$3,220$4,510$5,410
FY 2024$2,030$2,220$2,900$4,090$4,920
FY 2023$1,930$2,120$2,780$3,950$4,740

Two-bedroom rent in nearby Honolulu County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 96706
96701$2,360−26.5%
96706Current$3,210—
96707$3,130−2.5%
96709$2,540−20.9%
96712$2,490−22.4%
96717$2,720−15.3%
96730$2,370−26.2%
96731$2,080−35.2%
96734$3,660+14.0%
96744$2,800−12.8%
96759$2,540−20.9%
96762$3,030−5.6%

Questions about ZIP 96706 rents

How much will Section 8 pay for a two-bedroom in ZIP 96706?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,210, that basic range is $2,889 to $3,531 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is ZIP 96706 in?

ZIP 96706 is in the Urban Honolulu, HI MSA. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in ZIP 96706 for FY 2027?

The two-bedroom FMR rose 1.6%, from $3,160 in FY 2026 to $3,210 in FY 2027. Since FY 2023 it has risen 15.5%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

County fair market rentEwa Beach, HI fair market rentHI statewide rentsWhat is SAFMR?Data sources