Real Estate Investing in Honolulu, Hawaii (96814)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 96814 (Honolulu, HI)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 19.4% of homes vacant — above national norms.
What’s happening in Honolulu, HI (96814)?
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Market Analysis: 96814 Honolulu
Not every below-median market is a bargain. Honolulu's 96814 ZIP clocks in at signals that favor experienced operators who can absorb the risk $651K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 96814 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
Regionally, 96814 sits on the difficult end of the HI spectrum. The a solid fit for read — for disciplined operators — is that pricing reflects the difficulty.
Who lives in 96814 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Strategy in 96814 is an operator game, not a passive one. Put differently, entry prices of $651K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Honolulu:
Property Strategy for 96814
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $573,355 | $2,110 | 2.6% | +3.7% | $573,355 |
| 2BR | $870,062 | $2,770 | 2.3% | +2.8% | $435,031 |
| 3BR | $1,390,080 | $3,850 | 2.0% | +3.8% | $463,360 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 96814 Compare?
| Metric | 96814 | Honolulu | Urban Honolulu, HI | Hawaii |
|---|---|---|---|---|
| Home Value | $651,128 | $695,893 | N/A | $824,731 |
| 5-Year CAGR | 1.8% | 1.9% | N/A | 5.4% |
| Avg Rent | $3,340 | $2,903 | N/A | - |
| Cap Rate | 4.0% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 96814 (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 | $651,128 |
| Monthly Rent | $3,340 |
| Price-to-Rent | 16.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.2% |
| Cap Rate | 4.0% |
| 5-Year IRR | 5.8% |
📈 Home Appreciation
| 1-Year | +2.9% ▲ |
| 3-Year CAGR | -2.4% ▼ |
| 5-Year CAGR | +1.8% ▲ |
| 10-Year CAGR | +2.0% ▲ |
🏠 Rent Trends
| 1-Year | +23.2% ▲ |
| 3-Year CAGR | +10.4% ▲ |
| 5-Year CAGR | +8.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.0%). 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 96814
Population: 23,739
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 96814
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
Pauoa Elementary School
President Abraham Lincoln 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
Do landlords face vacancy issues in Honolulu, HI?
Honolulu, HI vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Where do rents currently stand in Honolulu, HI?
Rent in Honolulu, HI is around $3,340/mo. The resulting rent-to-value relationship with $651K pricing is reasonable for most investor models.
Are tenants stable in Honolulu, HI?
Expect a solid tenant pool in Honolulu, HI. The rental market absorbs $3,340/mo rents without meaningful friction.
Is house hacking profitable in Honolulu, HI?
The a challenging house-hack environment in Honolulu, HI reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
How do experienced investors play Honolulu, HI?
For Honolulu, HI, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
You know 96814 now. You don’t know where it ranks.
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How 96814 ranks in Urban Honolulu, HI
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