ZIP Code · HI

ZIP 96816

Part of Honolulu, HI

Pop. 50,883·Honolulu County·14th most expensive ZIP in Hawaii

Median rent (all units)

$2,997/mo

Year-over-Year

+4.0%

Month-over-Month

-0.2%

vs US Median

+$1,065

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 96816 · $2,997

More expensive than 90% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,760

1 BR

$1,890

2 BR

$2,480

3 BR

$3,450

4 BR+

$4,160

Research median

$2,480/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

January. Asking rents in ZIP 96816 usually run 2.5% below trend in January and 1.5% above it in September, about $120 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 96816 is 0.3% below its high of $3,007 in March 2026, at $2,997 as of September 2026.

Past year vs. the rest of Hawaii

Rent in ZIP 96816 changed +4.0% over the year to September 2026. Across the 23 Hawaii ZIP codes Zillow tracks, the typical change was +5.3%.

Recent direction

Rent rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($114,609) is $2,865 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,480); a 3-bedroom is $3,450.

Rank in Honolulu

8th cheapest of 10 ZIP codes in Honolulu.

Cheaper nearby

ZIP 96826, 2 miles away, rents for 27% less ($2,184/mo), about $9,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 96816. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$35,964/yr

At $2,997/mo median

Location

CityHonolulu

StateHI

CountyHonolulu County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (4.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+4.0% YoY, -0.2% MoM), not inventory.

Demographics

Who lives here

ZIP 96816 (Honolulu, HI) is majority owner-occupied, has a large retiree population, has a median income above the national average, 48.5% of residents hold a bachelor's degree or higher.

Population

50,883

Median income

$114,609

Median age

46.3

Renters

37.2%

Age distribution

15.9%

19.5%

26.2%

12.7%

25.8%

Under 1815.9%

18–3419.5%

35–5426.2%

55–6412.7%

65+25.8%

Gender

47.4%

52.6%

Male47.4%

Female52.6%

Race & ethnicity

19.3%

52.8%

20.9%

White19.3%

Black0.9%

Hispanic6.1%

Asian52.8%

Other20.9%

Education (25+)

20.4%

24.9%

48.5%

No HS diploma6.2%

HS diploma20.4%

Some college24.9%

Bachelor's+48.5%

Housing tenure

62.8%

37.2%

Owner62.8%

Renter37.2%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 96816 in Honolulu, HI has changed in 5 years

Rent

$2,163 → $2,997

up 38.6%

Income

$98,059 → $114,609

up 16.9%

Population

51,526 → 50,883

down 1.2%

Renter share

39.4% → 37.2%

-2.2 pts

Bachelor's+

44.2% → 48.5%

+4.3 pts

Rent in ZIP 96816 in Honolulu, HI has climbed 38.6% since 2021, going from about $2,163 per month to roughly $2,997 today. Household income in the area moved from $98,059 to $114,609 across the same window, up 16.9% versus 2021. Rent outpaced income growth by roughly 21.7 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 51,526 to 50,883 between 2021 and 2024, a 1.2% change. About 37.2% of households rent today, against 39.4% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 44.2% to 48.5%. Reading these numbers side by side helps frame whether current listings in ZIP 96816 in Honolulu, HI look reasonable against where the market sat half a decade ago.

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About renting in ZIP 96816

Last updated: October 17, 2026

ZIP code 96816 covers Honolulu, HI. The median rent here is $2,997/mo as of October 2026. A 1-bedroom rents for a median of $1,890/mo. A 2-bedroom rents for a median of $2,480/mo.

At 31% of local median household income ($114,609/yr), ZIP 96816 ranks as moderate compared to the national benchmark of 30%. Rents have increased 4.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 96816?

To keep rent at or below 30% of gross income, you would need to earn at least $120,000/year (about $58/hour full-time) to afford the median rent of $2,997/mo in ZIP 96816. The local median household income is $114,609/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 96816?

Rent in ZIP 96816 has risen 4.0% over the past year as of September 2026. It sits 0.3% below its high of $3,007 in March 2026.

When is the cheapest time to rent in ZIP 96816?

Asking rents in ZIP 96816 are usually lowest in January, about 2.5% below their yearly trend, and highest in September, about 1.5% above it. At today's median that is a gap of roughly $120 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 96816 compare to other ZIPs in Hawaii?

ZIP 96816 is in the middle among Hawaii ZIP codes for rent, ranking #14 of 30 at $2,997/mo. Over the year to September 2026, rent in ZIP 96816 changed +4.0%, against a typical +5.3% across the 23 Hawaii ZIP codes Zillow tracks.