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Honolulu County/Honolulu/96817

96817

ZIPSAFMR
Honolulu County, HI
Zillow

ZIP Investment Score

60Below average

095130300
BRFMR
Eff. Rent
0 BR$1,590$1,750
1 BR$1,690$1,860
2 BR$2,200$2,420
3 BR$3,050$3,360
4 BR$3,680$4,050
5 BR$4,232Not available
6 BR$4,867Not available
7 BR$5,597Not available
8 BR$6,436Not available

Purchase Price Calculator

Maximum purchase price
$297,695

Cost breakdown

+Likely effective rent$2,420
HUD FMR$2,200
Market rent$2,990
Est. payment standard (110%)Used$2,420
-Principal and interest-$1,505
Loan amount$238,156
Down payment$59,539
Rate6.50%
Term30 years
-Operating costs-$715
Property taxes-$298
Insurance-$175
Utilities$0
HOA$0
Management-$242
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$38,622(64.9% ROI)
Projected value
$320,584
Return breakdown
Property appreciation+$22,890
Loan principal paid down+$8,533
Rental cash flow+$7,200
5-year hold
+$66,335(111.4% ROI)
Projected value
$336,814
Return breakdown
Property appreciation+$39,120
Loan principal paid down+$15,216
Rental cash flow+$12,000
10-year hold
+$143,636(241.2% ROI)
Projected value
$381,074
Return breakdown
Property appreciation+$83,380
Loan principal paid down+$36,257
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.84
1 BR
0.75
2 BR
0.74
3 BR
0.86
4 BR
0.73
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 96817 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 96817 (Honolulu, HI) is $2,200 a month. That is up 1.4% from $2,170 in FY 2026. Honolulu 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, 96817 is tied for the 57th-highest two-bedroom rent (county range $2,080–$3,810). The median county two-bedroom FMR in Hawaii is $2,326, so ZIP 96817 is 5% below it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 96817
BedroomsFY 2027Change90–110% range
Studio$1,590+3.2%$1,431–$1,749
1BR$1,690+1.8%$1,521–$1,859
2BR$2,200+1.4%$1,980–$2,420
3BR$3,050+1.0%$2,745–$3,355
4BR$3,680+1.1%$3,312–$4,048

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 96817
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,590$1,690$2,200$3,050$3,680
FY 2026$1,540$1,660$2,170$3,020$3,640
FY 2025$1,540$1,670$2,190$3,070$3,680
FY 2024$1,330$1,460$1,910$2,690$3,240
FY 2023$1,240$1,360$1,780$2,530$3,030

Two-bedroom rent in nearby Honolulu County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 96817
96811$2,540+15.5%
96812$2,540+15.5%
96813$2,2000.0%
96814$2,900+31.8%
96815$3,190+45.0%
96816$2,530+15.0%
96817Current$2,200—
96818$3,450+56.8%
96819$2,460+11.8%
96820$2,540+15.5%
96821$3,450+56.8%
96822$2,520+14.5%

Questions about ZIP 96817 rents

How much will Section 8 pay for a two-bedroom in ZIP 96817?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,200, that basic range is $1,980 to $2,420 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 96817 in?

ZIP 96817 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 96817 for FY 2027?

The two-bedroom FMR rose 1.4%, from $2,170 in FY 2026 to $2,200 in FY 2027. Since FY 2023 it has risen 23.6%.

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