Real Estate Investing in Hanapepe, Hawaii (96716)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 96716 (Hanapepe, 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: 14.0% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 34.1 — 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 Hanapepe, HI (96716)?
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Market Analysis: 96716 Hanapepe
Investors eyeing 96716 need to respect the fundamentals at play. Home values of $804K come alongside slower price movement and elevated management overhead.
The investment case in 96716 is healthy only for operators who understand what they are buying. A $804K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader HI picture, 96716 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 96716 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.
The right play in 96716 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 Hanapepe:
Property Strategy for 96716
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $756,454 | $2,180 | 2.1% | +6.8% | $378,227 |
| 3BR | $788,910 | $2,680 | 2.4% | +6.8% | $262,970 |
| 4BR | $911,445 | $3,000 | 2.4% | +6.0% | $227,861 |
Market Trends
Home Value History (with trend line)
📊 How Does 96716 Compare?
| Metric | 96716 | Hanapepe | Kapaa, HI | Hawaii |
|---|---|---|---|---|
| Home Value | $803,627 | $803,627 | N/A | $824,731 |
| 5-Year CAGR | 4.2% | 4.2% | N/A | 5.4% |
| Avg Rent | $1,962 | $1,962 | N/A | - |
| Cap Rate | 1.9% | 1.9% | - | - |
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 96716 (Hanapepe, HI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $803,627 |
| Monthly Rent | $1,962 |
| Price-to-Rent | 34.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 6.1% |
📈 Home Appreciation
| 1-Year | +0.0% ▲ |
| 3-Year CAGR | +0.2% ▲ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +5.7% ▲ |
🏠 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 (1.9%). 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 96716
Population: 2,329
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 96716
Nearby Schools (1 more)
Schools in adjacent ZIP codes that may serve this area
Eleele Elementary School
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 is the renter demographic in Hanapepe, HI?
Tenant quality in Hanapepe, HI ranks as solid. Landlords generally report even-keeled occupancy at market rents of $1,962/mo.
How does Hanapepe, HI stack up for property investment?
Hanapepe, HI records an investability rating of 3.0/5, with median home values near $804K and average rents around $1,962/mo. That combination puts it in the sturdy tier for investor interest.
Where do home prices stand in Hanapepe, HI?
Hanapepe, HI median home values land near $804K. That is reasonable territory for investors looking at $1,962/mo-per-month rentals.
Are there empty rentals in Hanapepe, HI?
Hanapepe, HI sees elevated vacancy, which is reasonable relative to the broader HI rental market.
How strict are landlord regulations in Hanapepe, HI?
Hanapepe, HI operates under HI law, which is landlord-friendly overall for landlords. Expect measured treatment in typical lease and eviction cases.
You know 96716 now. You don’t know where it ranks.
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How 96716 ranks in Kapaa, HI
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