Real Estate Investing in Honokaa, Hawaii (96727)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 96727 (Honokaa, HI)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 11.2% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 30.8 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Honokaa, HI (96727)?
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Market Analysis: 96727 Honokaa
The 96727 ZIP in Honokaa, HI is a local-operator market. Outside capital chasing a $658K entry has to pair deep knowledge with the discount.
Rent of $1,782/mo on a $658K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 96727 sits below the stated 0.0% once reality is priced in.
ZIP 96727's metrics run below Hawaii County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
From an investor standpoint, 4,759 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The 96727 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Honokaa:
Property Strategy for 96727
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $590,348 | $1,980 | 2.4% | +5.7% | $295,174 |
| 3BR | $599,294 | $2,500 | 3.0% | +6.6% | $199,765 |
| 4BR | $760,343 | $2,880 | 2.7% | +6.6% | $190,086 |
| 5BR | $833,454 | — | — | +6.2% | $166,691 |
Market Trends
Home Value History (with trend line)
📊 How Does 96727 Compare?
| Metric | 96727 | Honokaa | Hilo, HI | Hawaii |
|---|---|---|---|---|
| Home Value | $657,688 | $600,341 | N/A | $824,731 |
| 5-Year CAGR | 4.3% | 4.0% | N/A | 5.4% |
| Avg Rent | $1,782 | $1,769 | N/A | - |
| Cap Rate | 2.1% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 96727 (Honokaa, HI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $657,688 |
| Monthly Rent | $1,782 |
| Price-to-Rent | 30.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 6.4% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +1.6% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +5.8% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 96727
Population: 4,759
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 96727
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Which investment style suits Honokaa, HI?
A careful cash-flow rentals with hands-on management strategy Honokaa, HI best. The market produces steady results for that approach at the $658K price point.
How much do tenants pay in Honokaa, HI?
Expect rents around $1,782/mo per month in Honokaa, HI. With home values at $658K, the yield math works out to reasonable levels for rental investors.
What is the typical home price in Honokaa, HI?
Homes in Honokaa, HI typically sell near $658K. Prices have moved at a 0.0% 5-year CAGR, which even-keeled long-term demand.
Is vacancy a concern in Honokaa, HI?
Expect elevated vacancy in Honokaa, HI. Rents at $1,782/mo are absorbed by the tenant base without meaningful lag.
Is it easy to find good tenants in Honokaa, HI?
Tenant demand in Honokaa, HI is solid. The local workforce $1,782/mo rents across most rental classes.
You know 96727 now. You don’t know where it ranks.
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How 96727 ranks in Hilo, HI
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