Real Estate Investing in Kailua, Hawaii (96734)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 96734 (Kailua, 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 31.8 — hard to cash-flow at these prices.
What’s happening in Kailua, HI (96734)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 96734 Kailua
This part of Honolulu County is not an easy win. The 96734 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $4,015/mo on a $1.5M basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 96734 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Kailua have seen price recovery that 96734 has not matched. Honolulu County data supports the view that the spread is structural rather than temporary.
Demographically, 96734 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
New investors are better served looking at Kailua's stable or hybrid ZIPs before stepping into 96734. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Kailua:
Property Strategy for 96734
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $733,210 | $2,760 | 2.7% | +4.7% | $733,210 |
| 2BR | $903,460 | $3,610 | 2.9% | +5.2% | $451,730 |
| 3BR | $1,381,900 | $5,020 | 2.6% | +7.3% | $460,633 |
| 4BR | $1,640,875 | $6,060 | 2.7% | +7.8% | $410,219 |
| 5BR | $1,886,160 | — | — | +8.2% | $377,232 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 96734 Compare?
| Metric | 96734 | Kailua | Urban Honolulu, HI | Hawaii |
|---|---|---|---|---|
| Home Value | $1,533,177 | $1,533,177 | N/A | $824,731 |
| 5-Year CAGR | 4.7% | 4.7% | N/A | 5.4% |
| Avg Rent | $4,015 | $4,015 | 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 96734 (Kailua, HI). Anonymous, moderated, never written by AI.
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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
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
Real Property Management Honolulu is a property management company in Honolulu, Hawaii. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $1,533,177 |
| Monthly Rent | $4,015 |
| Price-to-Rent | 31.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +3.9% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +4.7% ▲ |
| 10-Year CAGR | +5.1% ▲ |
🏠 Rent Trends
| 1-Year | +10.2% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +6.5% ▲ |
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 96734
Population: 50,985
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 96734
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 4,956 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Kailua, HI better for rentals, flips, or BRRRR?
For Kailua, HI, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What monthly rent should investors expect in Kailua, HI?
Rental rates in Kailua, HI average $4,015/mo. Tenant demand and $1.5M home values make the yield look reasonable by investor standards.
How viable is house hacking in Kailua, HI?
House hacking in Kailua, HI is a tougher. With home values around $1.5M and rents at $4,015/mo, owner-occupants can offset a meaningful share of PITI.
What are home prices like in Kailua, HI?
Median home price in Kailua, HI is near $1.5M, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
How high is vacancy risk in Kailua, HI?
Kailua, HI carries elevated vacancy risk. Expect even-keeled absorption at market rents of $4,015/mo.
You know 96734 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 96734 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 96734 ranks in Urban Honolulu, HI
Every ZIP in this metro, ranked. Free.
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