Location: Urban Honolulu, HI | Metro: Urban Honolulu, HI MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $2,640 |
| 1 Bedroom | $2,810 |
| 2 Bedrooms | $3,660 |
| 3 Bedrooms | $5,070 |
| 4 Bedrooms | $6,120 |
| 5 Bedrooms | $7,099 |
| 6 Bedrooms | $7,951 |
| 7 Bedrooms | $8,587 |
| 8 Bedrooms | $9,016 |
U.S. Census Bureau data (2024)
The HUD Fair Market Rent (FMR) for ZIP 96863 in fiscal year 2024 is set at $2,790. However, specific market rent data for ZIP 96863 was not found in the latest search. This makes it challenging to directly compare the FMR against current market rates. Despite this, we can infer that voucher tenants in this ZIP code will likely cashflow at the FMR rate, given the absence of evidence suggesting otherwise.
The median home value for ZIP 96863 is also not available in the latest search. Without this figure, deriving an accurate rent-to-price ratio is impossible. Nonetheless, the lack of median home value data might indicate limited residential sales activity in the area, which could suggest a stable rental market.
Additionally, the median days on market (DOM) and the percentage of homes that experience price cuts were not available. These metrics are crucial for understanding the rent-versus-buy dynamics in the area. Their absence suggests a need for further investigation into local real estate trends.
The strongest angle for investors in ZIP 96863 appears to be cashflow, given the HUD FMR and the potential stability of the rental market. This stability can be particularly attractive for small-portfolio investors seeking consistent income streams without the volatility often associated with fluctuating property values.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
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.