To be honest, even with the recent rental increases, there's still a healthy delta between your average mortgage and what you'll be able to charge in rent - something to consider for anyone who intends on renting their house after a tour here. An additional $400-600 increase in average rent would be very optimistic, IMO, in the short or near-long term. Even though BAH increased here this year, there is still a natural plateau for the rental market here that is linked to BAH. The number of military personnel stationed here is forecast to peak between 2018 and 2020, then decrease to very close to what we see here currently (prior to the Hawaii VP/P-8 influx). The best time to buy was 2-3 years ago, and the best time to sell will probably be 2018-2020. I'm not saying people shouldn't buy, because it's still a very good option, depending on one's situation. They just need to factor all of these things into their decision.