Real Estate Investing in Waipahu, Hawaii

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

1 ZIP codes • Population: 72,717 • Honolulu County

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

🏠 For Homebuyers
CAUTION
Grade D (50/100)

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
CLEAN

No major risk flags on the data we track.

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

3.1% 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 $870,324
Avg Monthly Rent $2,897
ZIP Codes 1

Investing in Waipahu Real Estate

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

Waipahu 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.

Rents in Waipahu at $2,897/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.

Demographics in Waipahu 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 Urban Honolulu, HI

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

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Property managers serving Honolulu County

Manage rentals here? List your business →

HappyDoors Property Management offers services in Honolulu, Oahu, Hawaii, HI. summary from their website

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Oishi's Property Management, founded in 1977 in Honolulu, Hawaii, provides quality management services to owners and condominium associations, also serving Las Vegas. summary from their website

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Real Property Management Honolulu is a property management company in Honolulu, Hawaii. summary from their website

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Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.

Avg Home Value
$870,324
Avg Monthly Rent
$2,897
1% Rule
✗ Below
Landlord Friendly (HI)

📉 Market Crash Risk Index

Based on Urban Honolulu, HI metro

3/10
Moderate Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
54%
Days Pending
2/2
73 days

View all metro crash risk rankings →

❄️ Cool Market — Urban Honolulu, HI metro
73
Days to pending
5.8%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Waipahu, HI

Screen every ZIP in Waipahu

Filter Waipahu’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 Waipahu, HI

Should investors worry about vacancy in Waipahu, HI?

Vacancy in Waipahu, HI is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $2,897/mo.

How much rent can I charge in Waipahu, HI?

Rents in Waipahu, HI run near $2,897/mo. Compared with median home prices of $870K that produces solid gross yields for typical rentals.

Are renters plentiful in Waipahu, HI?

Waipahu, HI draws a measured base of working renters. Demand at the $2,897/mo rent level is reasonable for standard single-family and small multi rentals.

Is Waipahu, HI good for landlords?

Waipahu, HI falls under HI landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.

How strong is Waipahu, HI for real estate investors?

Waipahu, HI rates 3.0/5 for investability. With median values at $870K and rents near $2,897/mo, the market offers reasonable fundamentals for rental investors.

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