Section 8 Fair Market Rent (FMR) for ZIP 96807 - 2027

Location: Urban Honolulu, HI | Metro: Urban Honolulu, HI MSA

FY 2027 Fair Market Rent Rates

Unit Size Monthly FMR
Studio$1,830
1 Bedroom$1,950
2 Bedrooms$2,540
3 Bedrooms$3,520
4 Bedrooms$4,250
5 Bedrooms$4,930
6 Bedrooms$5,522
7 Bedrooms$5,964
8 Bedrooms$6,262
Based on the available data, ZIP 96807 in Urban Honolulu, HI MSA metro, serves as a critical cash-flow anchor within a Section 8 portfolio strategy. The Fair Market Rent (FMR) for ZIP 96807 in fiscal year 2024 is set at $2390. Given the lack of specific market data, such as median home values and recent sales figures, it's prudent to rely on the FMR as a reliable indicator of rental income potential.

The FMR is designed to reflect the average rent for a modest apartment in a given area, ensuring that landlords receive a stable income stream. In ZIP 96807, the FMR aligns closely with the typical rental costs, making it a secure choice for generating consistent cash flow.

While there isn't enough data to definitively categorize ZIP 96807 as an appreciation play or a diversifier, its role as a cash-flow anchor is clear. The FMR provides a guaranteed baseline for rental income, which is crucial for maintaining financial stability within a real estate portfolio.

Landlords and small-portfolio investors should consider the importance of having a mix of properties that generate steady cash flow. ZIP 96807, with its FMR of $2390, fits well into this strategy, offering a predictable income source that can offset any potential downturns in other parts of the portfolio.

In conclusion, ZIP 96807 is best suited as a cash-flow anchor in a Section 8 portfolio strategy. Its established FMR ensures a reliable income stream, which is essential for maintaining financial health and stability in the face of market volatility.

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.