Real Estate Investing in Waimea, Hawaii (96743)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 96743 (Waimea, 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 vacancy: 25.1% of homes vacant — above national norms.
What’s happening in Waimea, HI (96743)?
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Market Analysis: 96743 Waimea
The 96743 ZIP covers a section of Waimea that demands careful diligence. Prices near $1.2M look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 96743 clocks in at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
The gap between 96743 and stronger Waimea ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 96743 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 96743 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Waimea:
Property Strategy for 96743
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $958,090 | $2,370 | 1.8% | +9.0% | $958,090 |
| 2BR | $1,157,123 | $3,070 | 1.9% | +10.8% | $578,562 |
| 3BR | $1,105,828 | $3,880 | 2.5% | +7.9% | $368,609 |
| 4BR | $1,847,375 | $4,470 | 1.7% | +8.7% | $461,844 |
| 5BR | $2,964,157 | — | — | +8.6% | $592,831 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 96743 Compare?
| Metric | 96743 | Waimea | Hilo, HI | Hawaii |
|---|---|---|---|---|
| Home Value | $1,249,538 | $1,249,538 | N/A | $824,731 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 5.4% |
| Avg Rent | $4,225 | $4,225 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
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 96743 (Waimea, HI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $1,249,538 |
| Monthly Rent | $4,225 |
| Price-to-Rent | 24.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.6% |
| 5-Year IRR | 7.6% |
📈 Home Appreciation
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | +1.2% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 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 (2.6%). 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 96743
Population: 13,326
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 96743
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
How do home values compare in Waimea, HI?
Typical homes in Waimea, HI go for around $1.2M. The 5-year CAGR of 0.0% predictable price movement.
How do landlord-tenant laws work in Waimea, HI?
Waimea, HI falls under HI landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How deep is the rental pool in Waimea, HI?
The renter base in Waimea, HI is reasonable for the $4,225/mo price point. Screening well and pricing to market typically yields even-keeled tenants.
Where do rents currently stand in Waimea, HI?
Rental rates in Waimea, HI average $4,225/mo. Tenant demand and $1.2M home values make the yield look reasonable by investor standards.
Should investors consider Waimea, HI?
Waimea, HI scores 3.0/5 for investability. Home values sit at $1.2M and rents near $4,225/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
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How 96743 ranks in Hilo, HI
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