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 | $3,520 |
| 4 Bedrooms | $4,250 |
| 5 Bedrooms | $4,930 |
| 6 Bedrooms | $5,522 |
| 7 Bedrooms | $5,964 |
| 8 Bedrooms | $6,262 |
The median home value in ZIP 96820, located in the Urban Honolulu Metropolitan Statistical Area (MSA) in Honolulu, HI, is currently not available. However, the HUD Fair Market Rent (FMR) for ZIP 96820 for fiscal year 2024 is $2,390. This figure represents the estimated 40th percentile gross rent for standard-quality units within the metropolitan area.
The market rent for ZIP 96820 is also not available at this time. Given the HUD FMR of $2,390, it is likely that voucher tenants would cashflow at FMR levels, meaning that landlords could expect to cover operating costs and maintenance expenses with the rental income received from Section 8 vouchers. However, without specific market rent data, it is difficult to provide a precise assessment of whether voucher tenants would cashflow marginally or only with premium units.
The lack of median days on market (DOM) and price-cut share data suggests that these factors do not significantly impact the rent-versus-buy dynamics in ZIP 96820. Therefore, the focus for investors should remain on the rental market rather than the fluctuation in home prices.
The strongest angle for Section 8 investors in ZIP 96820 is likely cashflow stability. With the HUD FMR covering operating costs, investors can rely on consistent income streams from voucher tenants, making this area suitable for those seeking a low-risk investment strategy.
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.