Real Estate Investing in Kapaa, Hawaii (96746)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 96746 (Kapaa, 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: 19.1% of homes vacant — above national norms.
What’s happening in Kapaa, HI (96746)?
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Market Analysis: 96746 Kapaa
Investors eyeing 96746 need to respect the fundamentals at play. Home values of $958K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $958K asset, 96746 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 96746 and stronger Kapaa ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Employment concentration in 96746 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 96746 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 Kapaa:
Property Strategy for 96746
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $671,784 | $1,910 | 2.0% | +8.7% | $671,784 |
| 2BR | $954,352 | $2,510 | 1.9% | +8.0% | $477,176 |
| 3BR | $968,361 | $3,080 | 2.3% | +7.9% | $322,787 |
| 4BR | $1,217,700 | $3,420 | 2.0% | +8.4% | $304,425 |
| 5BR | $1,443,291 | — | — | +9.1% | $288,658 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 96746 Compare?
| Metric | 96746 | Kapaa | Kapaa, HI | Hawaii |
|---|---|---|---|---|
| Home Value | $958,375 | $958,375 | N/A | $824,731 |
| 5-Year CAGR | 5.6% | 5.6% | N/A | 5.4% |
| Avg Rent | $3,473 | $3,473 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 96746 (Kapaa, HI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $958,375 |
| Monthly Rent | $3,473 |
| Price-to-Rent | 23.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +1.6% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +5.6% ▲ |
| 10-Year CAGR | +6.9% ▲ |
🏠 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 (2.8%). 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 96746
Population: 20,566
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 96746
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
Frequently Asked Questions
What are vacancy rates like in Kapaa, HI?
Occupancy in Kapaa, HI runs even-keeled with elevated vacancy. Well-priced units at $3,473/mo lease on reasonable timelines.
Is Kapaa, HI better for rentals, flips, or BRRRR?
Most investors in Kapaa, HI run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What are home prices like in Kapaa, HI?
Kapaa, HI median home values land near $958K. That is reasonable territory for investors looking at $3,473/mo-per-month rentals.
Are eviction rules reasonable in Kapaa, HI?
HI ranks as a landlord-friendly state for landlord-tenant law. Kapaa generally follows the statewide framework, so landlords face reasonable operating rules.
How strong is tenant demand in Kapaa, HI?
Kapaa, HI offers a reliable renter base at the $3,473/mo rent level. Tenant turnover is reasonable for well-managed properties.
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How 96746 ranks in Kapaa, HI
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