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Honolulu County/Kapolei/96707

96707

ZIPSAFMR
Honolulu County, HI
Zillow

ZIP Investment Score

89Below average

095130300
BRFMR
Eff. Rent
0 BR$2,260$2,490
1 BR$2,400$2,630
2 BR$3,130$3,440
3 BR$4,330$3,960
4 BR$5,230$4,380
5 BR$6,014Not available
6 BR$6,917Not available
7 BR$7,954Not available
8 BR$9,147Not available

Purchase Price Calculator

Maximum purchase price
$449,266

Cost breakdown

+Likely effective rent$3,440
HUD FMR$3,130
Market rent$3,800
Est. payment standard (110%)Used$3,440
-Principal and interest-$2,272
Loan amount$359,413
Down payment$89,853
Rate6.50%
Term30 years
-Operating costs-$968
Property taxes-$449
Insurance-$175
Utilities$0
HOA$0
Management-$344
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$54,621(60.8% ROI)
Projected value
$483,810
Return breakdown
Property appreciation+$34,544
Loan principal paid down+$12,877
Rental cash flow+$7,200
5-year hold
+$94,000(104.6% ROI)
Projected value
$508,303
Return breakdown
Property appreciation+$59,037
Loan principal paid down+$22,963
Rental cash flow+$12,000
10-year hold
+$204,549(227.6% ROI)
Projected value
$575,099
Return breakdown
Property appreciation+$125,832
Loan principal paid down+$54,717
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.87
1 BR
0.87
2 BR
0.82
3 BR
1.09
4 BR
1.19
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 96707 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 96707 (Kapolei, HI) is $3,130 a month. That is down 3.4% from $3,240 in FY 2026. Kapolei 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, 96707 has the 10th-highest two-bedroom rent (county range $2,080–$3,810). The median county two-bedroom FMR in Hawaii is $2,326, so ZIP 96707 is 35% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 96707
BedroomsFY 2027Change90–110% range
Studio$2,260−1.7%$2,034–$2,486
1BR$2,400−2.8%$2,160–$2,640
2BR$3,130−3.4%$2,817–$3,443
3BR$4,330−4.0%$3,897–$4,763
4BR$5,230−3.9%$4,707–$5,753

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 96707
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,260$2,400$3,130$4,330$5,230
FY 2026$2,300$2,470$3,240$4,510$5,440
FY 2025$2,260$2,460$3,220$4,510$5,410
FY 2024$1,730$1,890$2,480$3,490$4,210
FY 2023$1,650$1,810$2,370$3,370$4,040

Two-bedroom rent in nearby Honolulu County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 96707
96701$2,360−24.6%
96706$3,210+2.6%
96707Current$3,130—
96709$2,540−18.8%
96712$2,490−20.4%
96717$2,720−13.1%
96730$2,370−24.3%
96731$2,080−33.5%
96734$3,660+16.9%
96744$2,800−10.5%
96759$2,540−18.8%
96762$3,030−3.2%

Questions about ZIP 96707 rents

How much will Section 8 pay for a two-bedroom in ZIP 96707?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,130, that basic range is $2,817 to $3,443 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 96707 in?

ZIP 96707 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 96707 for FY 2027?

The two-bedroom FMR fell 3.4%, from $3,240 in FY 2026 to $3,130 in FY 2027. Since FY 2023 it has risen 32.1%.

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 rentKapolei, HI fair market rentHI statewide rentsWhat is SAFMR?Data sources