Real Estate Investing in Wailuku, Hawaii (96793)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 96793 (Wailuku, 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: 12.2% of homes vacant — above national norms.
What’s happening in Wailuku, HI (96793)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 96793 Wailuku
Investors eyeing 96793 need to respect the fundamentals at play. Home values of $910K come alongside slower price movement and elevated management overhead.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 96793 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 96793's metrics run below Maui County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A healthy renter share of 26% in 96793 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategically, 96793 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 Wailuku:
Property Strategy for 96793
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $411,341 | $1,850 | 3.2% | +6.3% | $411,341 |
| 2BR | $608,030 | $2,430 | 2.9% | +6.1% | $304,015 |
| 3BR | $949,340 | $3,150 | 2.4% | +7.5% | $316,447 |
| 4BR | $1,116,626 | $3,920 | 2.5% | +7.8% | $279,156 |
| 5BR | $1,167,621 | — | — | +8.0% | $233,524 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 96793 Compare?
| Metric | 96793 | Wailuku | Kahului-Wailuku-Lahaina, HI | Hawaii |
|---|---|---|---|---|
| Home Value | $910,037 | $910,037 | N/A | $824,731 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 5.4% |
| Avg Rent | $3,216 | $3,216 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
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 96793 (Wailuku, HI). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $910,037 |
| Monthly Rent | $3,216 |
| Price-to-Rent | 23.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.8% |
| 5-Year IRR | 7.7% |
📈 Home Appreciation
| 1-Year | -1.9% ▼ |
| 3-Year CAGR | +0.9% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +6.2% ▲ |
🏠 Rent Trends
| 1-Year | -3.9% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.8%). 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 96793
Population: 32,647
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 96793
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
Investor Insight: With 944 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong are rents in Wailuku, HI?
Average rent in Wailuku, HI is approximately $3,216/mo per month. Against $910K home values that yields a reasonable rent-to-price ratio.
Are eviction rules reasonable in Wailuku, HI?
HI law landlord-friendly for landlords, and Wailuku inherits those rules. Investors should still review local ordinances for rental licensing.
What strategy should investors use in Wailuku, HI?
The best-fit strategy in Wailuku, HI is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
Can owner-occupants cash flow in Wailuku, HI?
House hacking in Wailuku, HI is reasonable to execute. Prices around $910K and rents of $3,216/mo solid owner-occupant economics.
Is Wailuku in HI worth investing in?
Wailuku, HI sits at an investability rating of 3.0/5, with median home values near $910K and average rents around $3,216/mo. That combination puts it in the impressive tier for investor interest.
You know 96793 now. You don’t know where it ranks.
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How 96793 ranks in Kahului-Wailuku-Lahaina, HI
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