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The 2024 Basic Allowance for Housing (BAH) rates take effect on January 1, 2024. For active duty servicemembers moving to Oahu in 2024, these are their monthly rates for housing. For servicemembers already stationed on Oahu, their BAH rate will be the higher of their current rate or the new 2024 BAH rates.
Take a look at the new 2024 BAH rates below. Then, see the estimated purchase prices for Oahu condos using BAH alone for the monthly mortgage payment.
2024 BAH Rates for Honolulu County, Hawaii
Source: Defense Travel Management Office
| Grade | With Dependents | Without Dependents |
| E01 | $3,009 | $2,256 |
| E02 | $3,009 | $2,256 |
| E03 | $3,009 | $2,256 |
| E04 | $3,009 | $2,256 |
| E05 | $3,321 | $2,508 |
| E06 | $3,669 | $2,751 |
| E07 | $3,831 | $3,024 |
| E08 | $4,008 | $3,396 |
| E09 | $4,194 | $3,492 |
| W01 | $3,690 | $2,907 |
| W02 | $3,906 | $3,393 |
| W03 | $4,122 | $3,507 |
| W04 | $4,221 | $3,705 |
| W05 | $4,341 | $3,870 |
| O01E | $3,864 | $3,318 |
| O02E | $4,089 | $3,471 |
| O03E | $4,236 | $3,660 |
| O01 | $3,369 | $2,694 |
| O02 | $3,666 | $3,219 |
| O03 | $4,116 | $3,540 |
| O04 | $4,380 | $3,840 |
| O05 | $4,563 | $3,939 |
| O06 | $4,599 | $4,101 |
| O07 | $4,638 | $4,176 |
According to the DOD, median market rents and average utilities (including electricity, heat, and water/sewer) comprise the total housing cost for each military housing area and are included in the Basic Allowance for Housing computation.
2024 BAH to Purchase Price Conversion Matrices for Oahu Condos (Honolulu County)
The BAH matrices below detail the estimated Condo Purchase Prices that Honolulu County (Oahu) servicemembers can afford using their monthly BAH rate solely for their mortgage payment.
Moreover, the purchase prices below are estimated at 5.50% interest rate. Keep in mind, interest rates vary depending on several factors. Thus, your VA Loan Specialist determines the current interest rate at the time of your purchase. Finally, take note of the “Rent $ Paid over a 3 Year Period” column. We add that information to show you how much you’d be paying someone else’s mortgage.
2024 BAH to Purchase Price Conversion Matrix With Dependents for Condos in Honolulu County (Oahu)
2024 BAH to Purchase Price Conversion Matrix Without Dependents for Condos in Honolulu County (Oahu)
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Contact Hawaii VA Loans at 808-792-4251 or fill out our secure online loan application.
