Real Estate Investing in Kahului, Hawaii (96732)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 96732 (Kahului, 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.
- High price-to-rent: Price-to-rent ratio 33.4 — hard to cash-flow at these prices.
What’s happening in Kahului, HI (96732)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 96732 Kahului
The 96732 ZIP in Kahului, HI is a local-operator market. Outside capital chasing a $1.0M entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 96732 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
Within HI, ZIP 96732 trails on several market indicators that neighboring Maui County submarkets outperform. The gap is real and healthy enough to shape underwriting.
Employment concentration in 96732 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
The 96732 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 Kahului:
Property Strategy for 96732
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $408,031 | $2,150 | 3.8% | +6.9% | $204,015 |
| 3BR | $1,001,930 | $2,800 | 2.0% | +7.5% | $333,977 |
| 4BR | $1,107,030 | $3,470 | 2.3% | +7.8% | $276,757 |
| 5BR | $1,204,550 | — | — | +8.7% | $240,910 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 96732 Compare?
| Metric | 96732 | Kahului | Kahului-Wailuku-Lahaina, HI | Hawaii |
|---|---|---|---|---|
| Home Value | $1,015,446 | $1,015,446 | N/A | $824,731 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 5.4% |
| Avg Rent | $2,538 | $2,538 | N/A | - |
| Cap Rate | 2.0% | 2.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 96732 (Kahului, HI). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 96732 (Kahului, HI)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $1,015,446 |
| Monthly Rent | $2,538 |
| Price-to-Rent | 33.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 2.0% |
| 5-Year IRR | 7.0% |
📈 Home Appreciation
| 1-Year | -2.4% ▼ |
| 3-Year CAGR | +1.0% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +6.4% ▲ |
🏠 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 (2.0%). 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 96732
Population: 25,889
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 96732
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.
🎓 Nearby Colleges & Universities
Investor Insight: With 944 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What do rentals go for in Kahului, HI?
Rental rates in Kahului, HI average $2,538/mo. Tenant demand and $1.0M home values make the yield look reasonable by investor standards.
What investment strategy works best in Kahului, HI?
In Kahului, HI the notable play is typically careful cash-flow rentals with hands-on management. The combination of $1.0M prices and $2,538/mo rents suits that approach.
Does Kahului, HI make sense for an investment property?
The 3.0/5 investability rating in Kahului, HI reflects its $1.0M prices and $2,538/mo rents. Investors generally consider it a solid option within HI.
Do rentals sit vacant long in Kahului, HI?
Expect elevated vacancy in Kahului, HI. Rents at $2,538/mo are absorbed by the tenant base without meaningful lag.
Can owner-occupants cash flow in Kahului, HI?
Kahului, HI offers a tougher house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $2,538/mo rent level.
You know 96732 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 96732 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 96732 ranks in Kahului-Wailuku-Lahaina, HI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 96732 (Kahului)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 96732 (Kahului, HI).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.