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Honolulu County/Kaneohe/96744

96744

ZIPSAFMR
Honolulu County, HI
Zillow

ZIP Investment Score

74Below average

095130300
BRFMR
Eff. Rent
0 BR$2,020$2,030
1 BR$2,150$2,370
2 BR$2,800$3,080
3 BR$3,880$4,110
4 BR$4,680$4,840
5 BR$5,382Not available
6 BR$6,189Not available
7 BR$7,118Not available
8 BR$8,185Not available

Purchase Price Calculator

Maximum purchase price
$395,770

Cost breakdown

+Likely effective rent$3,080
HUD FMR$2,800
Market rent$3,280
Est. payment standard (110%)Used$3,080
-Principal and interest-$2,001
Loan amount$316,616
Down payment$79,154
Rate6.50%
Term30 years
-Operating costs-$879
Property taxes-$396
Insurance-$175
Utilities$0
HOA$0
Management-$308
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$48,975(61.9% ROI)
Projected value
$426,201
Return breakdown
Property appreciation+$30,431
Loan principal paid down+$11,344
Rental cash flow+$7,200
5-year hold
+$84,236(106.4% ROI)
Projected value
$447,778
Return breakdown
Property appreciation+$52,007
Loan principal paid down+$20,229
Rental cash flow+$12,000
10-year hold
+$183,050(231.3% ROI)
Projected value
$506,619
Return breakdown
Property appreciation+$110,849
Loan principal paid down+$48,201
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.00
1 BR
0.81
2 BR
0.85
3 BR
0.92
4 BR
0.95
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 96744 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 96744 (Kaneohe, HI) is $2,800 a month. That is down 1.8% from $2,850 in FY 2026. Kaneohe 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, 96744 has the 16th-highest two-bedroom rent (county range $2,080–$3,810). The median county two-bedroom FMR in Hawaii is $2,326, so ZIP 96744 is 20% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 96744
BedroomsFY 2027Change90–110% range
Studio$2,0200.0%$1,818–$2,222
1BR$2,150−1.4%$1,935–$2,365
2BR$2,800−1.8%$2,520–$3,080
3BR$3,880−2.0%$3,492–$4,268
4BR$4,680−2.1%$4,212–$5,148

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 96744
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,020$2,150$2,800$3,880$4,680
FY 2026$2,020$2,180$2,850$3,960$4,780
FY 2025$2,000$2,180$2,850$3,990$4,790
FY 2024$1,740$1,900$2,490$3,510$4,230
FY 2023$1,630$1,790$2,350$3,340$4,000

Two-bedroom rent in nearby Honolulu County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 96744
96706$3,210+14.6%
96707$3,130+11.8%
96709$2,540−9.3%
96712$2,490−11.1%
96717$2,720−2.9%
96730$2,370−15.4%
96731$2,080−25.7%
96734$3,660+30.7%
96744Current$2,800—
96759$2,540−9.3%
96762$3,030+8.2%
96782$2,680−4.3%

Questions about ZIP 96744 rents

How much will Section 8 pay for a two-bedroom in ZIP 96744?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,800, that basic range is $2,520 to $3,080 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 96744 in?

ZIP 96744 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 96744 for FY 2027?

The two-bedroom FMR fell 1.8%, from $2,850 in FY 2026 to $2,800 in FY 2027. Since FY 2023 it has risen 19.1%.

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