Real Estate Investing in Pepeekeo, Hawaii (96783)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 96783 (Pepeekeo, 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: 15.1% of homes vacant — above national norms.
- Higher unemployment: 7.0% unemployment — tenant risk signal.
- High price-to-rent: Price-to-rent ratio 25.9 — 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 Pepeekeo, HI (96783)?
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Market Analysis: 96783 Pepeekeo
Not every below-median market is a bargain. Pepeekeo's 96783 ZIP registers signals that favor experienced operators who can absorb the risk $564K pricing implies.
Rent of $1,818/mo on a $564K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 96783 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Pepeekeo have seen price recovery that 96783 has not matched. Hawaii County data supports the view that the spread is structural rather than temporary.
A sturdy renter share of 44% in 96783 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 96783 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 Pepeekeo:
Market Trends
Home Value History (with trend line)
📊 How Does 96783 Compare?
| Metric | 96783 | Pepeekeo | Hilo, HI | Hawaii |
|---|---|---|---|---|
| Home Value | $564,282 | $564,282 | N/A | $824,731 |
| 5-Year CAGR | 4.4% | 4.4% | N/A | 5.4% |
| Avg Rent | $1,818 | $1,818 | N/A | - |
| Cap Rate | 2.5% | 2.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 96783 (Pepeekeo, HI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $564,282 |
| Monthly Rent | $1,818 |
| Price-to-Rent | 25.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.5% |
| 5-Year IRR | 6.9% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +4.4% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (2.5%). 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 96783
Population: 1,701
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
🎓 Nearby Colleges & Universities
Investor Insight: With 1,312 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What does house hacking look like in Pepeekeo, HI?
House hacking in Pepeekeo, HI is reasonable to execute. Prices around $564K and rents of $1,818/mo solid owner-occupant economics.
What is the renter demographic in Pepeekeo, HI?
The renter base in Pepeekeo, HI is reasonable for the $1,818/mo price point. Screening well and pricing to market typically yields predictable tenants.
What is the typical vacancy rate in Pepeekeo, HI?
Expect elevated vacancy in Pepeekeo, HI. Rents at $1,818/mo are absorbed by the tenant base without meaningful lag.
What are rental rates like in Pepeekeo, HI?
Rents in Pepeekeo, HI run near $1,818/mo. Compared with median home prices of $564K that produces solid gross yields for typical rentals.
Does Pepeekeo, HI favor landlords or tenants?
For rental operators, Pepeekeo, HI rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
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