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Honolulu County/Honolulu/96825

96825

ZIPSAFMR
Honolulu County, HI
Zillow

ZIP Investment Score

46Below average

095130300
BRFMR
Eff. Rent
0 BR$2,750$2,520
1 BR$2,920$2,760
2 BR$3,810$3,460
3 BR$5,280$4,170
4 BR$6,370$5,350
5 BR$7,325Not available
6 BR$8,424Not available
7 BR$9,688Not available
8 BR$11,141Not available

Purchase Price Calculator

Maximum purchase price
$452,238

Cost breakdown

+Likely effective rent$3,460
HUD FMR$3,810
Market rentUsed$3,460
Est. payment standard (94%)$3,580
-Principal and interest-$2,287
Loan amount$361,790
Down payment$90,448
Rate6.50%
Term30 years
-Operating costs-$973
Property taxes-$452
Insurance-$175
Utilities$0
HOA$0
Management-$346
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$54,935(60.7% ROI)
Projected value
$487,011
Return breakdown
Property appreciation+$34,773
Loan principal paid down+$12,962
Rental cash flow+$7,200
5-year hold
+$94,543(104.5% ROI)
Projected value
$511,666
Return breakdown
Property appreciation+$59,428
Loan principal paid down+$23,115
Rental cash flow+$12,000
10-year hold
+$205,743(227.5% ROI)
Projected value
$578,903
Return breakdown
Property appreciation+$126,665
Loan principal paid down+$55,079
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.09
1 BR
1.06
2 BR
1.10
3 BR
1.27
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 96825 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 96825 (Honolulu, HI) is $3,810 a month. That is down 3.8% from $3,960 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, 96825 has the highest two-bedroom rent (county range $2,080–$3,810). The median county two-bedroom FMR in Hawaii is $2,326, so ZIP 96825 is 64% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 96825
BedroomsFY 2027Change90–110% range
Studio$2,750−2.1%$2,475–$3,025
1BR$2,920−3.3%$2,628–$3,212
2BR$3,810−3.8%$3,429–$4,191
3BR$5,280−4.2%$4,752–$5,808
4BR$6,370−4.1%$5,733–$7,007

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 96825
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$2,750$2,920$3,810$5,280$6,370
FY 2026$2,810$3,020$3,960$5,510$6,640
FY 2025$2,830$3,080$4,030$5,650$6,770
FY 2024$2,500$2,730$3,580$5,040$6,080
FY 2023$2,340$2,570$3,370$4,790$5,740

Two-bedroom rent in nearby Honolulu County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 96825
96817$2,200−42.3%
96818$3,450−9.4%
96819$2,460−35.4%
96820$2,540−33.3%
96821$3,450−9.4%
96822$2,520−33.9%
96823$2,540−33.3%
96824$2,540−33.3%
96825Current$3,810—
96826$2,420−36.5%
96828$2,540−33.3%
96830$2,540−33.3%

Questions about ZIP 96825 rents

How much will Section 8 pay for a two-bedroom in ZIP 96825?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,810, that basic range is $3,429 to $4,191 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 96825 in?

ZIP 96825 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 96825 for FY 2027?

The two-bedroom FMR fell 3.8%, from $3,960 in FY 2026 to $3,810 in FY 2027. Since FY 2023 it has risen 13.1%.

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