Real Estate Investing in Kalaheo, Hawaii (96741)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 96741 (Kalaheo, HI)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 15.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 46.1 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Kalaheo, HI (96741)?
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Market Analysis: 96741 Kalaheo
ZIP 96741 inside Kauai County looks affordable on the surface — median value of $1.1M — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $1.1M asset, 96741 is the wrong submarket. If the plan prices in friction, the yield can still work.
Within HI, ZIP 96741 trails on several market indicators that neighboring Kauai County submarkets outperform. The gap is real and substantial enough to shape underwriting.
Who lives in 96741 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategically, 96741 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 Kalaheo:
Property Strategy for 96741
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $1,012,973 | $2,200 | 1.6% | +6.8% | $506,487 |
| 3BR | $1,019,634 | $2,700 | 1.9% | +7.5% | $339,878 |
| 4BR | $1,263,040 | $3,000 | 1.7% | +8.1% | $315,760 |
Market Trends
Home Value History (with trend line)
📊 How Does 96741 Compare?
| Metric | 96741 | Kalaheo | Kapaa, HI | Hawaii |
|---|---|---|---|---|
| Home Value | $1,094,294 | $1,094,294 | N/A | $824,731 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 5.4% |
| Avg Rent | $1,980 | $1,980 | N/A | - |
| Cap Rate | 1.4% | 1.4% | - | - |
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 96741 (Kalaheo, HI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $1,094,294 |
| Monthly Rent | $1,980 |
| Price-to-Rent | 46.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.2% |
| Cap Rate | 1.4% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (1.4%). 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 96741
Population: 6,283
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 96741
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 type of investing works in Kalaheo, HI?
Kalaheo, HI investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($1.1M prices, $1,980/mo rents) make it a reasonable choice.
What do rentals go for in Kalaheo, HI?
Rent in Kalaheo, HI is around $1,980/mo. The resulting rent-to-value relationship with $1.1M pricing is reasonable for most investor models.
How much should I expect to pay for a home in Kalaheo, HI?
Median home price in Kalaheo, HI is near $1.1M, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
Are renters plentiful in Kalaheo, HI?
Tenant demand in Kalaheo, HI is solid. The local workforce $1,980/mo rents across most rental classes.
What is the investability score for Kalaheo, HI?
Kalaheo, HI scores 3.0/5 for investability. Home values sit at $1.1M and rents near $1,980/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
You know 96741 now. You don’t know where it ranks.
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How 96741 ranks in Kapaa, HI
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