Real Estate Investing in Honolulu, Hawaii (96819)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 96819 (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 price-to-rent: Price-to-rent ratio 34.7 — hard to cash-flow at these prices.
What’s happening in Honolulu, HI (96819)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 96819 Honolulu
ZIP 96819 inside Honolulu County looks affordable on the surface — median value of $1.1M — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $1.1M asset, 96819 is the wrong submarket. If the plan prices in friction, the yield can still work.
Statewide comparisons place 96819 among HI's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
The 96819 ZIP's population of 51,961 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
leans the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Honolulu:
Property Strategy for 96819
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $467,576 | $2,320 | 3.6% | +1.8% | $233,788 |
| 3BR | $940,920 | $3,230 | 2.5% | +3.5% | $313,640 |
| 4BR | $1,067,603 | $3,890 | 2.6% | +4.9% | $266,901 |
| 5BR | $1,132,577 | — | — | +4.2% | $226,515 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 96819 Compare?
| Metric | 96819 | Honolulu | Urban Honolulu, HI | Hawaii |
|---|---|---|---|---|
| Home Value | $1,086,169 | $695,893 | N/A | $824,731 |
| 5-Year CAGR | 3.4% | 1.9% | N/A | 5.4% |
| Avg Rent | $2,605 | $2,903 | N/A | - |
| Cap Rate | 1.9% | 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 96819 (Honolulu, HI). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 96819 (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 | $1,086,169 |
| Monthly Rent | $2,605 |
| Price-to-Rent | 34.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 5.3% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +2.2% ▲ |
| 5-Year CAGR | +3.4% ▲ |
| 10-Year CAGR | +4.1% ▲ |
🏠 Rent Trends
| 1-Year | +6.2% ▲ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (1.9%). 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 96819
Population: 51,961
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 96819
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 3,402 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Does Honolulu, HI make sense for an investment property?
With a 2.0/5 investability score, Honolulu, HI ranks as a solid market for rental property investors. Median prices of $1.1M and rents of $2,605/mo drive the underlying numbers.
Is the tenant base reliable in Honolulu, HI?
Tenant demand in Honolulu, HI is solid. The local workforce $2,605/mo rents across most rental classes.
How high is vacancy risk in Honolulu, HI?
Honolulu, HI carries elevated vacancy risk. Expect reliable absorption at market rents of $2,605/mo.
Is Honolulu, HI suited for a house hack?
For house hackers, Honolulu, HI is a tougher. The $2,605/mo rent on a unit helps defray the mortgage on a $1.1M property.
What are rental rates like in Honolulu, HI?
Average rent in Honolulu, HI is approximately $2,605/mo per month. Against $1.1M home values that yields a reasonable rent-to-price ratio.
You know 96819 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 96819 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 96819 ranks in Urban Honolulu, HI
Every ZIP in this metro, ranked. Free.
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