Real Estate Investing in Pahoa, Hawaii

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

1 ZIP codes • Population: 14,225 • Hawaii County

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

🏠 For Homebuyers
CAUTION
Grade D (42/100)

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

📈 For Investors
MIXED
3.0 / 5 (52/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
3 flags
  • High vacancy: 15.4% of homes vacant — above national norms.
  • Elevated poverty: 23.8% poverty rate — can affect rent collection.
  • Lower household income: $39,010 median — tenant affordability is tighter.

What’s happening in Pahoa, HI?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

3.4% 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 $292,823
Avg Monthly Rent $1,846
ZIP Codes 1

Investing in Pahoa Real Estate

This is a distressed-leaning corner of Hawaii: Pahoa has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

The investment case for Pahoa is difficult to make on screen data alone. a stretch for a 3.0 rating and a cap rate of 0.0% that looks fine only until you underwrite the vacancy.

Rents in Pahoa at $1,846/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.

Pahoa's population trends and income levels suggest a market where affordability is strained, which constrains how aggressively rents can rise without hurting collections.

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

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

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Avg Home Value
$292,823
Avg Monthly Rent
$1,846
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 Pahoa, HI

Screen every ZIP in Pahoa

Filter Pahoa’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 Pahoa, HI

Should investors worry about vacancy in Pahoa, HI?

Pahoa, HI sees elevated vacancy, which is reasonable relative to the broader HI rental market.

What is the average monthly rent in Pahoa, HI?

Rent in Pahoa, HI is around $1,846/mo. The resulting rent-to-value relationship with $293K pricing is reasonable for most investor models.

What is the renter demographic in Pahoa, HI?

Tenant quality in Pahoa, HI ranks as solid. Landlords generally report even-keeled occupancy at market rents of $1,846/mo.

What is the typical home price in Pahoa, HI?

In Pahoa, HI the median home value sits at $293K. Against the broader HI market, that reads as reasonable for most investors.

Is Pahoa, HI a good market for buy-and-hold investors?

Our data puts Pahoa, HI at 3.0/5 for investability. Home prices of $293K and rents around $1,846/mo create a solid backdrop for investor activity.

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