Real Estate Investing in Honolulu, Hawaii (96826)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 96826 (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.
- High vacancy: 12.7% of homes vacant — above national norms.
- Declining values: -0.7% 5-year CAGR — values have moved lower.
What’s happening in Honolulu, HI (96826)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 96826 Honolulu
ZIP 96826 in Honolulu, HI carries a healthy set of headwinds. Home values near $468K and rents of $2,122/mo sit inside a market where underwriting has to be tight.
From a cash-flow lens, the numbers look inviting — $468K purchase price, 0.0% nominal cap — the work to hit that pro forma in 96826 is substantial and deserves full respect.
ZIP 96826's metrics run below Honolulu County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 96826 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Distressed ZIPs reward experience. notable returns are possible in 96826, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Honolulu:
Property Strategy for 96826
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $369,424 | $1,830 | 3.6% | +1.0% | $369,424 |
| 2BR | $521,005 | $2,400 | 3.3% | +1.5% | $260,502 |
| 3BR | $819,828 | $3,340 | 2.9% | +1.6% | $273,276 |
| 4BR | $1,123,115 | $4,030 | 2.6% | +2.3% | $280,779 |
| 5BR | $1,406,218 | — | — | +3.0% | $281,244 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 96826 Compare?
| Metric | 96826 | Honolulu | Urban Honolulu, HI | Hawaii |
|---|---|---|---|---|
| Home Value | $467,912 | $695,893 | N/A | $824,731 |
| 5-Year CAGR | N/A | 1.9% | N/A | 5.4% |
| Avg Rent | $2,122 | $2,903 | N/A | - |
| Cap Rate | 3.5% | 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 96826 (Honolulu, HI). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 96826 (Honolulu, HI)?
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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 | $467,912 |
| Monthly Rent | $2,122 |
| Price-to-Rent | 18.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.4% |
| Cap Rate | 3.5% |
| 5-Year IRR | 2.8% |
📈 Home Appreciation
| 1-Year | -2.7% ▼ |
| 3-Year CAGR | -3.7% ▼ |
| 5-Year CAGR | -0.7% ▼ |
| 10-Year CAGR | +0.6% ▲ |
🏠 Rent Trends
| 1-Year | +13.2% ▲ |
| 3-Year CAGR | +7.4% ▲ |
| 5-Year CAGR | +6.7% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.5%). 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 96826
Population: 29,718
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 96826
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Kaimuki High School
University Laboratory School
Anuenue School
Kahala Elementary School
King Liholiho 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 3,900 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is vacancy a concern in Honolulu, HI?
Expect elevated vacancy in Honolulu, HI. Rents at $2,122/mo are absorbed by the tenant base without meaningful lag.
How much rent can I charge in Honolulu, HI?
Rents in Honolulu, HI run near $2,122/mo. Compared with median home prices of $468K that produces solid gross yields for typical rentals.
What investment strategy works best in Honolulu, HI?
Most investors in Honolulu, HI run a careful cash-flow rentals with hands-on management strategy. It aligns with the 2.0/5 investability profile and the market fundamentals.
What is the median home value in Honolulu, HI?
Typical homes in Honolulu, HI go for around $468K. The 5-year CAGR of 0.0% reliable price movement.
What kind of market is Honolulu, HI for investors?
Our data puts Honolulu, HI at 2.0/5 for investability. Home prices of $468K and rents around $2,122/mo create a solid backdrop for investor activity.
You know 96826 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 96826 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 96826 ranks in Urban Honolulu, HI
Every ZIP in this metro, ranked. Free.
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