Real Estate Investing in Kaneohe, Hawaii (96744)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 96744 (Kaneohe, 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 25.3 — hard to cash-flow at these prices.
What’s happening in Kaneohe, HI (96744)?
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Market Analysis: 96744 Kaneohe
This part of Honolulu County is not an easy win. The 96744 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $3,593/mo on a $1.1M basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 96744 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Kaneohe have seen price recovery that 96744 has not matched. Honolulu County data supports the view that the spread is structural rather than temporary.
Employment concentration in 96744 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 96744 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Kaneohe:
Property Strategy for 96744
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $546,805 | $2,180 | 2.9% | +0.8% | $546,805 |
| 2BR | $646,867 | $2,850 | 3.2% | +3.3% | $323,434 |
| 3BR | $1,018,287 | $3,960 | 2.8% | +4.6% | $339,429 |
| 4BR | $1,236,944 | $4,780 | 2.8% | +5.4% | $309,236 |
| 5BR | $1,404,477 | — | — | +5.3% | $280,895 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 96744 Compare?
| Metric | 96744 | Kaneohe | Urban Honolulu, HI | Hawaii |
|---|---|---|---|---|
| Home Value | $1,088,808 | $1,088,808 | N/A | $824,731 |
| 5-Year CAGR | 2.9% | 2.9% | N/A | 5.4% |
| Avg Rent | $3,593 | $3,593 | N/A | - |
| Cap Rate | 2.6% | 2.6% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 96744 (Kaneohe, 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 | $1,088,808 |
| Monthly Rent | $3,593 |
| Price-to-Rent | 25.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.0% |
| Cap Rate | 2.6% |
| 5-Year IRR | 5.5% |
📈 Home Appreciation
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +0.4% ▲ |
| 5-Year CAGR | +2.9% ▲ |
| 10-Year CAGR | +4.0% ▲ |
🏠 Rent Trends
| 1-Year | +8.7% ▲ |
| 3-Year CAGR | +7.7% ▲ |
| 5-Year CAGR | +7.8% ▲ |
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 96744
Population: 56,245
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 96744
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 2,071 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What are rental rates like in Kaneohe, HI?
Investors in Kaneohe, HI typically see rents near $3,593/mo per month against $1.1M home values - a solid setup for rental cash flow.
Are landlord laws favorable in Kaneohe, HI?
The landlord environment in Kaneohe, HI is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
What investment strategy works best in Kaneohe, HI?
For Kaneohe, HI, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What is the investability score for Kaneohe, HI?
Our data puts Kaneohe, HI at 3.0/5 for investability. Home prices of $1.1M and rents around $3,593/mo create a solid backdrop for investor activity.
What kind of tenants rent in Kaneohe, HI?
Kaneohe, HI draws a consistent base of working renters. Demand at the $3,593/mo rent level is reasonable for standard single-family and small multi rentals.
You know 96744 now. You don’t know where it ranks.
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How 96744 ranks in Urban Honolulu, HI
Every ZIP in this metro, ranked. Free.
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