Rental numbers for Honolulu County, HI
The typical home here runs -$3,046 a month at 7.78% with 25% down. 0 of 23 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 4.0%.
- Gross yield
- 4.2%
- typical home, Zillow
- Median ZIP yield
- 4.0%
- 23 ZIPs with full data
- Cash flow
- -$3,046/mo
- at 7.78%, 25% down
- Typical price
- $856,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $3,020/mo
- Zillow ZORI, Aug 2026
ZIP codes in Honolulu County
28 with published figures
| 96815Honolulu | $499,000 | $2,800 | 6.7% | 4.2% | -$937 | n/a |
| 96818Honolulu | $512,000 | $2,552 | 6.0% | 3.6% | -$1,233 | +5.3% |
| 96814Honolulu | $673,000 | $3,229 | 5.8% | 3.5% | -$1,684 | +3.5% |
| 96826Honolulu | $459,000 | $2,185 | 5.7% | 3.3% | -$1,214 | +5.1% |
| 96706Ewa Beach | $827,000 | $3,549 | 5.1% | 3.0% | -$2,381 | +6.6% |
| 96707Kapolei | $852,000 | $3,488 | 4.9% | 2.8% | -$2,595 | +5.7% |
| 96792Waianae | $576,000 | $2,343 | 4.9% | 2.7% | -$1,791 | n/a |
| 96813Honolulu | $732,000 | $2,961 | 4.9% | 2.7% | -$2,300 | +3.9% |
| 96789Mililani | $879,000 | $3,018 | 4.1% | 2.1% | -$3,191 | +5.8% |
| 96701Aiea | $819,000 | $2,777 | 4.1% | 2.1% | -$3,013 | +5.1% |
| 96825Honolulu | $1,243,000 | $4,202 | 4.1% | 2.1% | -$4,535 | +3.9% |
| 96797Waipahu | $864,000 | $2,912 | 4.0% | 2.0% | -$3,190 | +6.1% |
| 96822Honolulu | $644,000 | $2,167 | 4.0% | 2.0% | -$2,410 | +3.8% |
| 96717Hauula | $851,000 | $2,790* | 3.9% | 1.9% | -$3,202 | n/a |
| 96744Kaneohe | $1,091,000 | $3,473 | 3.8% | 1.9% | -$4,162 | +2.1% |
| 96817Honolulu | $794,000 | $2,387 | 3.6% | 1.6% | -$3,191 | +6.6% |
| 96786Wahiawa | $853,000 | $2,437 | 3.4% | 1.5% | -$3,516 | +9.8% |
| 96791Waialua | $1,054,000 | $2,891 | 3.3% | 1.4% | -$4,434 | n/a |
| 96782Pearl City | $937,000 | $2,488 | 3.2% | 1.3% | -$4,024 | +4.9% |
| 96819Honolulu | $1,092,000 | $2,836 | 3.1% | 1.3% | -$4,735 | n/a |
| 96734Kailua | $1,523,000 | $3,890 | 3.1% | 1.3% | -$6,603 | +5.7% |
| 96821Honolulu | $1,834,000 | $4,469 | 2.9% | 1.2% | -$8,090 | n/a |
| 96762Laie | $1,268,000 | $3,080* | 2.9% | 1.0% | -$5,748 | n/a |
| 96816Honolulu | $1,288,000 | $2,866 | 2.7% | 0.9% | -$5,980 | +5.9% |
| 96730Kaaawa | $1,057,000 | $2,240* | 2.5% | 0.8% | -$4,976 | n/a |
| 96731Kahuku | $1,106,000 | $2,200* | 2.4% | 0.6% | -$5,376 | n/a |
| 96712Haleiwa | $1,731,000 | $3,386 | 2.4% | 0.7% | -$8,379 | n/a |
| 96795Waimanalo | $1,097,000 | $2,060* | 2.3% | 0.6% | -$5,356 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +2.3%
- Rent, 12 months
- +4.6%
- Rent minus price growth
- +2.3 pts
- Property tax
- 0.28%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $765,419 | $2,421 |
| Aug 2022 | $880,924 | $2,563 |
| Aug 2023 | $851,589 | $2,641 |
| Aug 2024 | $851,708 | $2,759 |
| Aug 2025 | $837,226 | $2,888 |
| Aug 2026 | $856,332 | $3,020 |
HUD Fair Market Rent
FY2027, Urban Honolulu, HI MSA
| Bedrooms | Studio | 1 bed | 2 bed | 3 bed | 4 bed |
|---|---|---|---|---|---|
| Fair Market Rent | $1,836 | $1,951 | $2,542 | $3,520 | $4,249 |
The 40th percentile gross rent for a standard unit, set by HUD each October and used for Section 8 payment standards. It runs below market rent; Zillow's index is shown above where it exists.
Supply
- Permits per 1,000 households
- 4.6
- 1,560 units, last 12 months
- National percentile
- 46th
- among US counties
Tools
Test a listing in Honolulu County against today's rate.
Open the calculatorPart of the Urban Honolulu, HI metro.
Questions
- Is Honolulu County good for rental property?
- The typical home here runs -$3,046 a month at 7.78% with 25% down. 0 of 23 ZIP codes with full Zillow data in this county are cash-flow positive; the median gross yield is 4.0%. The figures use a typical home, 7.78% with 25% down and default costs shown on each ZIP page. They describe the market, not any one property.
- What is the property tax rate in Honolulu County?
- About 0.28% of value, from Census ACS median taxes paid over median home value. On a $856,000 home that is about $2,432 a year.
- What is Fair Market Rent in Honolulu County?
- HUD's FY2027 Fair Market Rent here is $1,951 for a 1-bedroom, $2,542 for a 2-bedroom and $3,520 for a 3-bedroom. Typical cash flow at today's rate is -$3,046 a month.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- HUD Fair Market Rents by county, FY2027
US Department of Housing and Urban Development. Read: FY2027.
County rent by bedroom count on county pages.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.