Real Estate Investing in Naalehu, Hawaii (96772)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 96772 (Naalehu, 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: 20.7% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Naalehu, HI (96772)?
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Market Analysis: 96772 Naalehu
The 96772 ZIP covers a section of Naalehu that demands careful diligence. Prices near $408K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $408K asset, 96772 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 96772 among HI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
A significant renter share of 19% in 96772 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Naalehu's stable or hybrid ZIPs before stepping into 96772. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Naalehu:
Property Strategy for 96772
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $238,268 | $1,460 | 4.4% | +6.8% | $238,268 |
| 2BR | $409,235 | $1,870 | 3.3% | +8.5% | $204,618 |
| 3BR | $449,143 | $2,440 | 3.9% | +7.8% | $149,714 |
Market Trends
Home Value History (with trend line)
📊 How Does 96772 Compare?
| Metric | 96772 | Naalehu | Hilo, HI | Hawaii |
|---|---|---|---|---|
| Home Value | $408,161 | $408,161 | N/A | $824,731 |
| 5-Year CAGR | 4.2% | 4.2% | N/A | 5.4% |
| Avg Rent | $1,683 | $1,683 | N/A | - |
| Cap Rate | 3.2% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 96772 (Naalehu, HI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $408,161 |
| Monthly Rent | $1,683 |
| Price-to-Rent | 20.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.2% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +0.6% ▲ |
| 3-Year CAGR | 0.0% ▼ |
| 5-Year CAGR | +4.2% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 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 (3.2%). 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 96772
Population: 2,556
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 96772
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 much does a house cost in Naalehu, HI?
Median home price in Naalehu, HI is near $408K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
What approach is best for Naalehu, HI real estate?
Naalehu, HI investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($408K prices, $1,683/mo rents) make it a reasonable choice.
How much rent can I charge in Naalehu, HI?
Rental rates in Naalehu, HI average $1,683/mo. Tenant demand and $408K home values make the yield look reasonable by investor standards.
How landlord-friendly is Naalehu, HI?
HI law landlord-friendly for landlords, and Naalehu inherits those rules. Investors should still review local ordinances for rental licensing.
Does a duplex house hack pencil in Naalehu, HI?
House hacking in Naalehu, HI is reasonable to execute. Prices around $408K and rents of $1,683/mo solid owner-occupant economics.
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