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Hawaii County/Ocean View/96737

96737

ZIPSAFMR
Hawaii County, HI
Zillow

ZIP Investment Score

102Above average

095130300
BRFMR
Eff. Rent
0 BR$1,760$1,760
1 BR$1,770$1,770
2 BR$2,280$2,280
3 BR$2,880$2,880
4 BR$3,190$3,190
5 BR$3,668Not available
6 BR$4,219Not available
7 BR$4,852Not available
8 BR$5,579Not available

Purchase Price Calculator

Maximum purchase price
$276,891

Cost breakdown

+Likely effective rent$2,280
HUD FMRUsed$2,280
Market rentN/A
Est. payment standardN/A
-Principal and interest-$1,400
Loan amount$221,512
Down payment$55,378
Rate6.50%
Term30 years
-Operating costs-$680
Property taxes-$277
Insurance-$175
Utilities$0
HOA$0
Management-$228
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$36,427(65.8% ROI)
Projected value
$298,181
Return breakdown
Property appreciation+$21,290
Loan principal paid down+$7,936
Rental cash flow+$7,200
5-year hold
+$62,538(112.9% ROI)
Projected value
$313,276
Return breakdown
Property appreciation+$36,386
Loan principal paid down+$14,152
Rental cash flow+$12,000
10-year hold
+$135,276(244.3% ROI)
Projected value
$354,443
Return breakdown
Property appreciation+$77,553
Loan principal paid down+$33,723
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
--
Mortgage rate
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ZIP 96737 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 96737 (Ocean View, HI) is $2,280 a month. That is up 5.1% from $2,170 in FY 2026. Ocean View is in the Hawaii County, HI non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $2,081. Among 32 ZIP codes in Hawaii County, 96737 has the 8th-highest two-bedroom rent (county range $1,870–$2,920). The median county two-bedroom FMR in Hawaii is $2,326, so ZIP 96737 is 2% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 96737
BedroomsFY 2027Change90–110% range
Studio$1,760+6.0%$1,584–$1,936
1BR$1,770+6.0%$1,593–$1,947
2BR$2,280+5.1%$2,052–$2,508
3BR$2,880+5.1%$2,592–$3,168
4BR$3,190+0.9%$2,871–$3,509

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 96737
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,760$1,770$2,280$2,880$3,190
FY 2026$1,660$1,670$2,170$2,740$3,160
FY 2025$1,590$1,630$2,090$2,730$3,050
FY 2024area FMR$1,458$1,548$2,010$2,588$2,855
FY 2023area FMR$1,281$1,449$1,901$2,446$2,582

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Hawaii County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 96737
96725$2,420+6.1%
96726$2,650+16.2%
96727$2,050−10.1%
96728$2,090−8.3%
96737Current$2,280—
96738$2,920+28.1%
96739$2,080−8.8%
96740$2,440+7.0%
96743$2,850+25.0%
96745$2,080−8.8%
96749$1,870−18.0%
96750$1,870−18.0%

Questions about ZIP 96737 rents

How much will Section 8 pay for a two-bedroom in ZIP 96737?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $2,081, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,873 to $2,289 a month; under the ZIP-level Small Area FMR of $2,280 it would be $2,052 to $2,508. 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 96737 in?

ZIP 96737 is in the Hawaii County, HI non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $2,081.

How much did fair market rent change in ZIP 96737 for FY 2027?

The two-bedroom FMR rose 5.1%, from $2,170 in FY 2026 to $2,280 in FY 2027. Since FY 2025 it has risen 9.1%.

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