Real Estate Investing in Naalehu, Hawaii

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

1 ZIP codes • Population: 2,556 • Hawaii County

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

🏠 For Homebuyers
CAUTION
Grade D (45/100)

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: 20.7% of homes vacant — above national norms.

What’s happening in Naalehu, HI?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.2% 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 $408,161
Avg Monthly Rent $1,683
ZIP Codes 1

Investing in Naalehu Real Estate

Naalehu in Hawaii is one of the markets where the numbers warn before they reward — 1 ZIPs, a sizable population, and a rating that reflects material risk.

Naalehu is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. decisively out-of-state investors should be especially careful with the assumptions they carry in.

clearly Naalehu's sale market has not rewarded patience. less favorable for listings sit longer, price cuts are common, and rent growth has been flat to negative in multiple ZIPs.

Demographics in Naalehu show real pressure — median income of $N/AK is lackluster relative to rents, and the 0% renter share includes significant cost-burdened households.

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

Naalehu 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 Naalehu, HI. Anonymous, moderated, never written by AI.

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Avg Home Value
$408,161
Avg Monthly Rent
$1,683
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 Naalehu, HI

Screen every ZIP in Naalehu

Filter Naalehu’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 Naalehu, HI

What are vacancy rates like in Naalehu, HI?

Vacancy risk in Naalehu, HI is elevated. That supports steady cash flow for typical rental holds.

What kind of tenants rent in Naalehu, HI?

Tenant demand in Naalehu, HI is solid. The local workforce $1,683/mo rents across most rental classes.

How does Naalehu, HI rate as a rental market?

Our data puts Naalehu, HI at 3.0/5 for investability. Home prices of $408K and rents around $1,683/mo create a solid backdrop for investor activity.

What does house hacking look like in Naalehu, HI?

House hacking in Naalehu, HI is reasonable to execute. Prices around $408K and rents of $1,683/mo solid owner-occupant economics.

How much rent can I charge in Naalehu, HI?

Rental rates in Naalehu, HI average $1,683/mo. Tenant demand and $408K home values make the yield look reasonable by investor standards.

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