Real Estate Investing in Waialua, Hawaii (96791)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 96791 (Waialua, 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: 17.6% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 30.1 — hard to cash-flow at these prices.
What’s happening in Waialua, HI (96791)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 96791 Waialua
The 96791 ZIP covers a section of Waialua that demands careful diligence. Prices near $1.0M look accessible, but the work to make a deal cash flow is real.
The 96791 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Put differently, 96791 offers a low basis, the region around Waialua has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
From a cash-flow lens, 6,434 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
New investors are better served looking at Waialua's stable or hybrid ZIPs before stepping into 96791. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Waialua:
Property Strategy for 96791
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $465,516 | $2,210 | 3.4% | +3.8% | $465,516 |
| 2BR | $696,060 | $2,900 | 3.0% | +6.1% | $348,030 |
| 3BR | $1,051,099 | $4,030 | 2.8% | +5.6% | $350,366 |
| 4BR | $1,083,191 | $4,860 | 3.2% | +5.9% | $270,798 |
| 5BR | $1,265,150 | — | — | +6.8% | $253,030 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 96791 Compare?
| Metric | 96791 | Waialua | Urban Honolulu, HI | Hawaii |
|---|---|---|---|---|
| Home Value | $1,037,306 | $1,037,306 | N/A | $824,731 |
| 5-Year CAGR | 3.8% | 3.8% | N/A | 5.4% |
| Avg Rent | $2,871 | $2,871 | N/A | - |
| Cap Rate | 2.2% | 2.2% | - | - |
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 96791 (Waialua, HI). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 96791 (Waialua, HI)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Honolulu County
Manage rentals here? List your business →HappyDoors Property Management offers services in Honolulu, Oahu, Hawaii, HI. summary from their website
Oishi's Property Management, founded in 1977 in Honolulu, Hawaii, provides quality management services to owners and condominium associations, also serving Las Vegas. summary from their website
Real Property Management Honolulu is a property management company in Honolulu, Hawaii. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $1,037,306 |
| Monthly Rent | $2,871 |
| Price-to-Rent | 30.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.2% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +3.4% ▲ |
| 3-Year CAGR | +2.5% ▲ |
| 5-Year CAGR | +3.8% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 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 (2.2%). 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 96791
Population: 6,434
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 96791
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 Waialua, HI?
Most investors in Waialua, 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.
Is Waialua, HI a good market for FHA house hackers?
House hacking in Waialua, HI is a tougher. With home values around $1.0M and rents at $2,871/mo, owner-occupants can offset a meaningful share of PITI.
Is Waialua, HI a smart market for rental property?
Yes - Waialua, HI a 3.0/5 investability score. With $1.0M home prices against $2,871/mo monthly rent, the market delivers a reasonable entry point for new investors.
Are homes affordable in Waialua, HI?
Expect median prices around $1.0M in Waialua, HI. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
How much rent can I charge in Waialua, HI?
Rental rates in Waialua, HI average $2,871/mo. Tenant demand and $1.0M home values make the yield look reasonable by investor standards.
You know 96791 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 96791 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 96791 ranks in Urban Honolulu, HI
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 96791 (Waialua)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 96791 (Waialua, HI).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.