For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 96857 (Schofield Barracks, HI) is $3,020 a month. That is up 1.7% from $2,970 in FY 2026. Schofield Barracks 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, 96857 is tied for the 12th-highest two-bedroom rent (county range $2,080–$3,810). The median county two-bedroom FMR in Hawaii is $2,326, so ZIP 96857 is 30% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 96857
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$2,110
$2,180
+3.3%
$1,962–$2,398
1BR
$2,270
$2,320
+2.2%
$2,088–$2,552
2BR
$2,970
$3,020
+1.7%
$2,718–$3,322
3BR
$4,130
$4,180
+1.2%
$3,762–$4,598
4BR
$4,980
$5,050
+1.4%
$4,545–$5,555
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 96857
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$2,180
$2,320
$3,020
$4,180
$5,050
FY 2026
$2,110
$2,270
$2,970
$4,130
$4,980
FY 2025
$2,140
$2,320
$3,040
$4,260
$5,100
FY 2024
$1,870
$2,050
$2,680
$3,780
$4,550
FY 2023
$1,580
$1,730
$2,270
$3,230
$3,880
Two-bedroom rent in nearby Honolulu County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 96857?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $3,020, that basic range is $2,718 to $3,322 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 96857 in?
ZIP 96857 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 96857 for FY 2027?
The two-bedroom FMR rose 1.7%, from $2,970 in FY 2026 to $3,020 in FY 2027. Since FY 2023 it has risen 33.0%.
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