Real Estate Investing in Hawaii County, Hawaii

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

24 ZIP codes • Population: 199,206

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

🏠 For Homebuyers
WEAK FIT
Grade F (38/100)

Multiple negative signals. Better options likely exist nearby.

πŸ“ˆ For Investors
MIXED
2.8 / 5 (45/100)

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: 18.2% of homes vacant β€” above national norms.

What’s happening in Hawaii County, HI?

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2.8/ 5

Investability

County-wide average

3.0/ 5

Appreciation

4.2% 5yr CAGR

4.0/ 5

Landlord Climate

Regulatory friendliness

Avg Investability β˜…β˜…β˜…β˜…β˜…
Avg Home Value $629,709
Avg Monthly Rent $2,096
ZIP Codes 24

Investing in Hawaii County Real Estate

Across Hawaii County's 24 ZIPs, the picture is sluggish β€” soft rents, slow appreciation, and demographic headwinds that don't obviously reverse in the medium term.

Across Hawaii's 24 ZIPs, the investment landscape runs sluggish: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

Distressed-leaning demographics in Hawaii β€” soft income growth, high rent burden, population shifts β€” are among the reasons the β˜…β˜…β˜…β˜†β˜† rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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

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Avg Home Value
$629,709
Avg Monthly Rent
$2,096
1% Rule
βœ— Below
Landlord Friendly (HI)
β˜…β˜…β˜…β˜…β˜†

πŸ“‰ 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 β†’

πŸŽ“ Colleges & Universities in Hawaii County

3 Colleges 5,053 Students 1,312 Off-Campus Renters
C+
University of Hawaii at Hilo
4-Year Public Β· 2,781 students
πŸ“ ~492 students rent off-campus
C+
Hawaii Community College
2-Year Public Β· 2,260 students
πŸ“ ~820 students rent off-campus
C
Mauna Loa Helicopters
Vocational For-Profit Β· 12 students

Investor Insight: With 1,312 students living off-campus, Hawaii County has substantial rental demand from the college population β€” typically stable, lease-renewing tenants.

Cities in Hawaii County

ZIP Codes in Hawaii County, HI

96720 β˜… β˜… β˜… β˜… β˜…
Hilo
Population 50,971
Avg Home $560,656
Avg Rent $2,042/mo
96740 β˜… β˜… β˜… β˜… β˜…
Kailua Kona
Population 40,805
Avg Home $879,278
Avg Rent $2,948/mo
96749 β˜… β˜… β˜… β˜… β˜…
Keaau
Population 19,449
Avg Home $471,067
Avg Rent $2,465/mo
96778 β˜… β˜… β˜… β˜… β˜…
Pahoa
Population 14,225
Avg Home $292,823
Avg Rent $1,846/mo
96743 β˜… β˜… β˜… β˜… β˜…
Waimea
Population 13,326
Avg Home $1,249,538
Avg Rent $4,225/mo
96704 β˜… β˜… β˜… β˜… β˜…
Captain Cook
Population 7,975
Avg Home $454,924
Avg Rent $2,500/mo
96771 β˜… β˜… β˜… β˜… β˜…
Mountain View
Population 7,736
Avg Home $326,122
Avg Rent $1,746/mo
96738 β˜… β˜… β˜… β˜… β˜…
Waikoloa
Population 7,407
Avg Home $833,915
Avg Rent $3,167/mo
96727 β˜… β˜… β˜… β˜… β˜…
Honokaa
Population 4,759
Avg Home $657,688
Avg Rent $1,782/mo
96725 β˜… β˜… β˜… β˜… β˜…
Holualoa
Population 4,672
Avg Home $1,030,488
Avg Rent $2,151/mo
96785 β˜… β˜… β˜… β˜… β˜…
Volcano
Population 4,224
Avg Home $371,595
Avg Rent $1,683/mo
96760 β˜… β˜… β˜… β˜… β˜…
Kurtistown
Population 4,144
Avg Home $366,913
Avg Rent $1,683/mo
96755 β˜… β˜… β˜… β˜… β˜…
Kapaau
Population 3,548
Avg Home $643,246
Avg Rent $1,773/mo
96750 β˜… β˜… β˜… β˜… β˜…
Kealakekua
Population 3,137
Avg Home $789,146
Avg Rent $1,683/mo
96772 β˜… β˜… β˜… β˜… β˜…
Naalehu
Population 2,556
Avg Home $408,161
Avg Rent $1,683/mo
96781 β˜… β˜… β˜… β˜… β˜…
Papaikou
Population 1,993
Avg Home $544,577
Avg Rent $2,052/mo
96777 β˜… β˜… β˜… β˜… β˜…
Pahala
Population 1,838
Avg Home $293,548
Avg Rent $1,683/mo
96783 β˜… β˜… β˜… β˜… β˜…
Pepeekeo
Population 1,701
Avg Home $564,282
Avg Rent $1,818/mo
96776 β˜… β˜… β˜… β˜… β˜…
Honokaa
Population 1,629
Avg Home $542,994
Avg Rent $1,755/mo
96719 β˜… β˜… β˜… β˜… β˜…
Hawi
Population 1,537
Avg Home $856,210
Avg Rent $2,115/mo
96764 β˜… β˜… β˜… β˜… β˜…
Laupahoehoe
Population 570
Avg Home $631,492
Avg Rent $1,683/mo
96780 β˜… β˜… β˜… β˜… β˜…
Papaaloa
Population 425
Avg Home $840,548
Avg Rent $1,683/mo
96728 β˜… β˜… β˜… β˜… β˜…
Honomu
Population 370
Avg Home $538,263
Avg Rent $2,079/mo
96710 β˜… β˜… β˜… β˜… β˜…
Honomu
Population 209
Avg Home $965,553
Avg Rent $2,052/mo

Screen every market in Hawaii County

Filter this county’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo). Add weekly alerts when these markets move with Investor Pro+.

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Frequently Asked Questions About Hawaii County

What is the renter demographic in, HI?

The renter base in, HI is reasonable for the $2,096/mo price point. Screening well and pricing to market typically yields even-keeled tenants.

Do landlords face vacancy issues in, HI?

Occupancy in, HI runs consistent with elevated vacancy. Well-priced units at $2,096/mo lease on reasonable timelines.

How does, HI compare to the HI average?

, HI comes in broadly in line with on the HI comparison. Specific drivers include $630K prices and $2,096/mo rents.

How landlord-friendly is, HI?

HI ranks as a tenant-protective state for landlord-tenant law. generally follows the statewide framework, so landlords face reasonable operating rules.

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