Location: Urban Honolulu, HI | Metro: Urban Honolulu, HI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,830 |
| 1 Bedroom | $1,950 |
| 2 Bedrooms | $2,540 |
| 3 Bedrooms | $3,530 |
| 4 Bedrooms | $4,260 |
| 5 Bedrooms | $4,942 |
| 6 Bedrooms | $5,535 |
| 7 Bedrooms | $5,978 |
| 8 Bedrooms | $6,277 |
The Fair Market Rent (FMR) for ZIP 96759 in fiscal year 2024 is set at $2550. While there is no specific data on the market rent for this ZIP code, it is known that rentals in 96759 are typically priced at $1,000+ per month for a two-bedroom apartment. This indicates that the FMR provides a significant cushion above the typical rental rates, ensuring steady cash flow for landlords participating in the Section 8 program.
Although the median home value for ZIP 96759 is not directly available, the lack of specific appreciation metrics suggests that this area is not likely to offer rapid capital gains. Instead, it offers a stable and predictable income source through Section 8 tenancy, which is crucial for maintaining a balanced investment portfolio.
The absence of precise data on the percentage of renter share and median income does not detract from the cash-flow anchor designation. Landlords can rely on the consistent demand for affordable housing and the guaranteed rent payments from the government, making ZIP 96759 an attractive option for those looking to secure reliable income streams within their real estate investments.
In summary, ZIP 96759 stands out as a cash-flow anchor due to the substantial gap between the FMR and typical market rents, ensuring that landlords receive a higher rate than what they might charge independently. This makes it a solid choice for landlords and small-portfolio investors seeking stable returns without the volatility associated with rapid appreciation plays.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.