Real Estate Investing in Honokaa, Hawaii

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

2 ZIP codes • Population: 6,388 • Hawaii County

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Should you buy in Honokaa, HI? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (41/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 13.7% of homes vacant — above national norms.

What’s happening in Honokaa, HI?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.0% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $600,341
Avg Monthly Rent $1,769
ZIP Codes 2

Investing in Honokaa Real Estate

Honokaa in Hawaii is one of the markets where the numbers warn before they reward — 2 ZIPs, a sizable population, and a rating that reflects material risk.

A 3.0 rating and a 5-year CAGR of 0.0% are the kinds of numbers that warrant real local underwriting, not spreadsheet tourism. Honokaa is in that category.

Rents in Honokaa at $1,769/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

Population dynamics in Honokaa haven't been supportive. a harder case for combined with underwhelming income growth, the demographic backdrop complicates any purely financial underwriting.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Hilo, HI

Honokaa is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Honokaa, HI. Anonymous, moderated, never written by AI.

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Avg Home Value
$600,341
Avg Monthly Rent
$1,769
1% Rule
✗ Below
Landlord Friendly (HI)

📉 Market Crash Risk Index

Based on Hilo, HI metro

4/10
Moderate Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
2/3
68%
Days Pending
2/2
87 days

View all metro crash risk rankings →

❄️ Cool Market — Hilo, HI metro
87
Days to pending
6.1%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Honokaa, HI

Screen every ZIP in Honokaa

Filter Honokaa’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Honokaa, HI

How does Honokaa, HI stack up for property investment?

Honokaa, HI registers an investability rating of 3.0/5, with median home values near $600K and average rents around $1,769/mo. That combination puts it in the significant tier for investor interest.

What is the median home value in Honokaa, HI?

Expect median prices around $600K in Honokaa, HI. The market has run at a 0.0% 5-year CAGR, so entry costs have been reliable.

What do landlords charge for rent in Honokaa, HI?

Rent in Honokaa, HI is around $1,769/mo. The resulting rent-to-value relationship with $600K pricing is reasonable for most investor models.

Do rentals sit vacant long in Honokaa, HI?

Expect elevated vacancy in Honokaa, HI. Rents at $1,769/mo are absorbed by the tenant base without meaningful lag.

Which investment style suits Honokaa, HI?

A careful cash-flow rentals with hands-on management strategy Honokaa, HI best. The market produces measured results for that approach at the $600K price point.

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