ZIP reports / HI / 96797
ZIP rental intelligence · 2026-06

ZIP 96797, Waipahu, HI

Asking rent, household capacity, housing stock and local context—kept at their original geographic and measurement scopes.

Direct local rent answer

What does rent cost in ZIP 96797?

The latest Zillow ZORI for ZIP 96797 is $2,876 per month in 2026-06. It is a typical observed asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.

Zillow asking-rent index$2,8762026-06 · up 5.4% year over year
ACS median gross rent$1,997ACS 2024 5-year survey · ±$94 margin of error
HUD two-bedroom standard$2,430Administrative FMR/SAFMR · not asking rent
Bedroom-level rent benchmarks in ZIP 96797
BedroomsModelled asking-rent lensHUD standardHow to use it
Studio$2,048ZORI scaled by the local HUD bedroom ladder$1,730HUD FMR/SAFMR administrative benchmarkCompare with current same-bedroom listings; do not average these two measures.
1 bedroom$2,190ZORI scaled by the local HUD bedroom ladder$1,850HUD FMR/SAFMR administrative benchmarkCompare with current same-bedroom listings; do not average these two measures.
2 bedrooms$2,876ZORI scaled by the local HUD bedroom ladder$2,430HUD FMR/SAFMR administrative benchmarkCompare with current same-bedroom listings; do not average these two measures.
3 bedrooms$4,000ZORI scaled by the local HUD bedroom ladder$3,380HUD FMR/SAFMR administrative benchmarkCompare with current same-bedroom listings; do not average these two measures.
4 bedrooms$4,829ZORI scaled by the local HUD bedroom ladder$4,080HUD FMR/SAFMR administrative benchmarkCompare with current same-bedroom listings; do not average these two measures.

Bedroom estimates are modelled, not observed rents. Zillow, Census ACS and HUD describe different housing universes and remain separate throughout this report.Zillow pulled 2026-08-08

Median household income$114,654ACS 2024 5-year · ±$6,060 MOE
Renter share32.7%6,729 renter households
Rent burden 30%+53.5%3,603 observed households
Housing vacancy4.7%1,011 of 21,575 units
Six views · one local decision

Read the measures together, without merging them

ZORI tracks observed asking rent, ACS describes occupied renter homes, and HUD publishes an administrative benchmark. The charts preserve those differences and add wider context only where the geography is named.

Three definitions of rent

Useful as a spread, not interchangeable observations.

Three rent measures for ZIP 96797Zillow asking-rent index$2,876ACS median gross rent$1,997HUD two-bedroom standard$2,430

Affordability screen

Annual income implied by 30% of the current ZIP ZORI.

Income screen for ZIP 96797ACS median household income$114,654Income at 30% of ZIP ZORI$115,040

Bedroom ladder

Modelled from ZIP ZORI using the local HUD ladder.

Modelled bedroom rent ladder for ZIP 96797Studio$2,048One bedroom$2,190Two bedrooms$2,876Three bedrooms$4,000Four bedrooms$4,829

Observed renter burden

ACS ZCTA households with computable gross-rent burden.

Observed renter cost burden in ZCTA 9679730% or more of income3,603 householdsBelow 30%3,126 households

ZIP versus wider rent context

Each bar retains its own ZIP, city, county or metro scope.

Asking-rent context for ZIP 96797ZIP 96797$2,876Waipahu city$2,876Honolulu County county$3,038Urban Honolulu, HI metro$3,038

Monthly asking-rent history

Direct Zillow ZORI observations over the latest five years. Missing months remain visible gaps.

Five-year direct Zillow asking-rent history for ZIP 96797; missing months remain gaps$2,991$2,660$2,330$1,9992021-062023-122026-06
Five-year change
36.5%exact same-month endpoints
Largest observed drawdown
2.9%peak to a later observed month
Annualized monthly variability
2.7%113 consecutive returns
Monthly coverage
100.0%114 of 114 months
Decision brief

What the evidence says for ZIP 96797

For ZIP 96797, the distinctive decision question is how a current marketwide asking-rent signal should be read beside household and housing-survey evidence, rather than treating a figure as the rent for every home. In June 2026, Zillow’s ZORI is $2,876 per month, up 5.36% from a year earlier. ZORI is a typical observed asking-rent index blended across rental types, so it is a ZIP-level market indicator rather than a unit quote. The five-digit label is both a Zillow ZIP market identifier and a Census ZCTA match; a ZCTA is a statistical area and is not identical to a USPS delivery ZIP.

In the ACS 2024 five-year survey for the matched ZCTA, 6,729 renter-occupied homes sit within 20,564 occupied homes, yielding a 32.7% renter share. Median household income is $114,654 and carries reported survey uncertainty. Applying the current ZIP index to a 30% annual-income screen produces $115,040; that screen is arithmetic, not advice or an applicant qualification rule. Separately, ACS observes 3,603 renter households reporting gross-rent burdens at the 30% threshold or above, or 53.5% of its renter-household total. This is an area-level survey result for occupied renter homes, not a conclusion about any household.

ACS and Zillow answer different questions. The ACS median gross rent is $1,997, with a ±$94 margin of error, and is a five-year survey measure of occupied renter homes that includes selected utilities. The current ZORI sits 44.0% above that ACS median, a cross-universe comparison that cannot be read as a change in rents, a price premium, or a like-for-like gap. HUD’s FY2026 two-bedroom standard is $2,430; it is an administrative bedroom-specific FMR/SAFMR standard, not asking rent. ZORI is above that HUD standard, a comparison of reference levels only, with neither source recast as the other.

Bedroom figures provide a way to express relative scale, not an observation of available listings. The model scales ZIP ZORI by ratios from the local HUD ladder, producing modelled monthly ZIP estimates—not measured bedroom rents—of $2,048 for a studio, $2,190 for one bedroom, $2,876 for two bedrooms, $4,000 for three bedrooms, and $4,829 for four bedrooms. The provided HUD standards beneath that ladder are $1,730, $1,850, $2,430, $3,380, and $4,080, respectively. Thus, the ladder preserves HUD’s local bedroom relationships while anchoring its overall level to the blended ZIP ZORI; it does not reveal the rent, condition, utility treatment, or availability of a specific dwelling.

Housing-stock evidence provides a separate inventory frame. The ZCTA reports 21,575 housing units: 20,564 occupied and 1,011 vacant, for a 4.7% vacancy rate. Of all units, 13,197 are single-family and 1,440 are in large multifamily structures. Vacancy categories show 339 units vacant for rent, 116 vacant for sale, and 115 held for seasonal use. Total vacancy therefore is not a count of live rental listings, and the for-rent count is a survey category rather than confirmation of a currently marketable unit. The survey’s stock and vacancy categories cannot establish what is available on any property search date.

Broader geography provides context only, with no replacement of the ZIP or ZCTA evidence: at the Waipahu city context scope, the context rent is $2,876.33; at the Honolulu County context scope, the context rent is $3,038; and at the Urban Honolulu, HI metro context scope, the context rent is $3,038. The city context is nearly aligned with the ZIP index, whereas the county and metro context levels are higher. Those wider figures help locate the ZIP-level reading within explicitly named comparison scopes, but they do not alter the ZORI definition, convert ACS gross rent into asking rent, or identify the rent for a given building. Nor do context comparisons provide a property inventory, a rental transaction, or a direct observation of a ZIP household.

Important limits remain. ZORI is an index rather than a listing-level transaction or contract record; ACS describes a ZCTA survey period and reports sampling uncertainty; and HUD is a policy standard. Each series also has a different reference date, population, and construction method. Apparent disagreement may reflect those design differences and cannot by itself establish movement, quality differences, or a common market price. The provided information contains no listing-level bedroom sample, lease terms, or property-condition detail. Neither the burden share nor any vacancy category establishes a tenant’s payment experience, a unit’s condition, or whether a particular dwelling can be rented now. Property-level verification should compare the live advertised asking amount with the exact bedroom configuration, identify included versus separately charged utilities, confirm the effective lease term and listed recurring or one-time charges, and check current availability. These checks retain the distinctions among the datasets instead of treating them as a unit appraisal.

Decision signals

What deserves a closer property-level check

Current index and income screen

The June 2026 ZIP ZORI is $2,876 monthly, and the annual income amount produced at the stated 30% screen is $115,040. That comparison places the arithmetic screen just above the ZCTA median household income of $114,654. It is not a lease approval test, advice, or a measure of what any individual renter pays.

Three rent concepts, not one market price

ZORI, ACS gross rent, and HUD standards are deliberately noninterchangeable. ZORI is an observed asking-rent index across rental types; ACS reports a five-year median for occupied renter homes and includes selected utilities; HUD provides an administrative, bedroom-specific benchmark. The ZIP’s $2,876 ZORI exceeds the $1,997 ACS median and $2,430 HUD two-bedroom standard, but neither difference establishes a rent trend or unit price.

Modelled bedroom scale

The studio-through-four-bedroom values are modelled monthly ZIP estimates created by applying local HUD ladder ratios to the blended ZORI. They range from $2,048 to $4,829, while the corresponding HUD standards range from $1,730 to $4,080. The method gives a relative size ladder, not measured rents by bedroom, active inventory, or a promise about any specific dwelling.

Survey stock and burden need unit checks

ACS stock data show 1,011 vacant units, but only 339 fall in the vacant-for-rent category; the remainder is not established as live rental availability. Separately, 53.5% of surveyed renter households report gross-rent burden of 30% or more. These area-level observations describe categories and households, not a particular unit’s availability, condition, or tenant finances.

  • Using the ZIP ZORI as though it were the advertised price of a named unit can conceal differences in bedroom count, utility charges, condition, timing, and listing availability.
  • Comparing ACS gross rent directly with current asking rent without its survey population, selected-utility treatment, five-year period, and margin of error can produce a false like-for-like interpretation.
  • Treating the HUD bedroom standard as a negotiated market rent would confuse an administrative reference with asking-rent evidence and may misstate the meaning of the modelled ladder.
  • Reading vacant-for-rent counts or area-wide rent burden as evidence that a specific property is open, affordable, or occupied by a particular tenant exceeds the data.
Direct ZIP resale evidence

For-sale liquidity inside ZIP 96797

Redfin reports these as a rolling three-month ZIP observation through 2026-06-30. They describe the for-sale market, not rental vacancy or the rent of a particular property.

Median sale price$704,841-11.9% year over year
Homes sold104rolling three-month observation
Median days on market58 daysfor-sale listing absorption
Months of supply3.0resale inventory relative to sales pace

Activity and available supply

Direct ZIP counts remain separate because each describes a different stage of the resale funnel.

Direct resale activity for ZIP 96797Active listings220Inventory102Pending sales106Homes sold104

Counter-signals before underwriting

A price alone does not reveal how quickly buyers are absorbing available homes.

Inventory direction

102 observed inventory · -20.2% year over year.

Price realization

99.6% average sale-to-list ratio · 30.7% sold above original list.

Early absorption

38.6% went off market within two weeks; compare this with 58 median days on market.

Measurement boundary

Small ZIP samples can move sharply. This rolling period smooths monthly noise but does not replace current address-level sale and rent comparables.

Redfin Data Center · updated 2026-07-03 · exact five-digit ZIP key. Implausible source values are withheld as n/a rather than repaired or inherited from a broader geography.

Wider market evidence

Listing and rental liquidity around the ZIP

These measures are not ZIP observations. They are labelled county or metro context so they can challenge the local story without being copied into it.

Honolulu County listing conditions

3,448 active Realtor.com listings · 68 median days on market · 13.0% price-reduced share · 2026-06.

Urban Honolulu, HI resale supply

6.5 months of supply · 78 median days on market · 15.1% listings with price drops · Redfin 2026-05-01.

Apartment List metro liquidity

n/a reported apartment vacancy · n/a. These are direct metro observations and do not describe a particular ZIP unit.

Property-level next step

Compare live same-bedroom listings, concessions, utilities, condition and days listed inside ZIP 96797. The report frames the market; it does not replace a rent roll, lease review or address-level comparable set.

Questions this report can answer

Scope-aware answers

How does the report define the geographic label?

It uses 96797 in two linked but nonidentical roles: Zillow’s ZIP market identifier and the Census ZCTA match used for ACS data. A ZCTA is a statistical area created for tabulation; it is not identical to a USPS delivery ZIP. Consequently, results are area indicators, not address-level records.

Why are ZORI, ACS gross rent, and HUD shown separately?

The June 2026 ZORI is a typical observed asking-rent index blended across rental types. ACS median gross rent comes from occupied renter homes in a five-year survey and includes selected utilities. HUD FMR/SAFMR is an administrative bedroom-specific standard. Their dollar differences can be described, but their definitions, populations, and timing prevent substitution.

How are the bedroom estimates produced?

A modelled estimate for each bedroom count is derived by multiplying ZIP ZORI by that bedroom’s HUD standard divided by the HUD two-bedroom standard. That math holds the local HUD ratios while setting the overall level to ZORI. It does not observe listed or leased rents for studios, one-bedroom, three-bedroom, or four-bedroom units.

Which facts need property-level confirmation?

Confirm the currently advertised rent, exact bedroom configuration, utilities included and separately billed, lease term, recurring or one-time listed charges, and present availability. Also determine whether the listing’s geography and timing correspond to the intended comparison. These facts cannot be inferred from area vacancy, area burden, ZORI, ACS, or HUD alone.