Real Estate Investing in Honolulu, Hawaii (96813)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 96813 (Honolulu, HI)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- Declining values: -0.5% 5-year CAGR — values have moved lower.
- Elevated vacancy: 9.6% vacancy may signal weakening demand.
What’s happening in Honolulu, HI (96813)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 96813 Honolulu
Not every below-median market is a bargain. Honolulu's 96813 ZIP comes in at signals that favor experienced operators who can absorb the risk $667K pricing implies.
For an experienced owner, 96813 can be a an appealing option for hunting ground — but the discount at $667K reflects genuine risk that outside investors often underestimate.
The gap between 96813 and stronger Honolulu ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Meanwhile, 26,059 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.
Strategically, 96813 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 Honolulu:
Property Strategy for 96813
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $449,085 | $1,750 | 2.8% | +0.9% | $449,085 |
| 2BR | $754,858 | $2,290 | 2.2% | +1.1% | $377,429 |
| 3BR | $1,039,341 | $3,180 | 2.2% | +2.6% | $346,447 |
| 4BR | $1,167,884 | $3,840 | 2.4% | +4.9% | $291,971 |
| 5BR | $1,279,779 | — | — | +5.1% | $255,956 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 96813 Compare?
| Metric | 96813 | Honolulu | Urban Honolulu, HI | Hawaii |
|---|---|---|---|---|
| Home Value | $666,707 | $695,893 | N/A | $824,731 |
| 5-Year CAGR | N/A | 1.9% | N/A | 5.4% |
| Avg Rent | $2,885 | $2,903 | N/A | - |
| Cap Rate | 3.4% | 2.9% | - | - |
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 96813 (Honolulu, HI). Anonymous, moderated, never written by AI.
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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 | $666,707 |
| Monthly Rent | $2,885 |
| Price-to-Rent | 19.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.2% |
| Cap Rate | 3.4% |
| 5-Year IRR | 2.9% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | -2.4% ▼ |
| 5-Year CAGR | -0.5% ▼ |
| 10-Year CAGR | +2.6% ▲ |
🏠 Rent Trends
| 1-Year | +6.8% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +4.8% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.4%). 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 96813
Population: 26,059
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 96813
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
President George Washington Middle School
University Laboratory School
Ala Wai Elementary School
Kalihi Kai Elementary School
Kapalama 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
Investor Insight: With 3,402 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is the tenant base reliable in Honolulu, HI?
The tenant pool in Honolulu, HI is solid, supported by local employment and population fundamentals. Rents of $2,885/mo are well-absorbed by the market.
Should investors consider Honolulu, HI?
Honolulu, HI scores 2.0/5 for investability. Home values sit at $667K and rents near $2,885/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
What is it like being a landlord in Honolulu, HI?
For rental operators, Honolulu, HI rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How much rent can I charge in Honolulu, HI?
Expect rents around $2,885/mo per month in Honolulu, HI. With home values at $667K, the yield math works out to reasonable levels for rental investors.
What is the typical home price in Honolulu, HI?
Typical homes in Honolulu, HI go for around $667K. The 5-year CAGR of 0.0% even-keeled price movement.
You know 96813 now. You don’t know where it ranks.
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How 96813 ranks in Urban Honolulu, HI
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