Honolulu Investment Analysis

Investment Property in Honolulu, HI

Discover Investment Performance Rent Prices Top Properties Top Neighborhoods Insights

Discover

Honolulu

It’s a city sought-after simply for its beautiful scenery. The amazing water and perfect beaches call out to tourists and make a great location for vacation rental properties and real estate investing.

While the Honolulu housing market is one of the most expensive in the U.S., homes appreciation levels are high and in the past few years, appreciation levels reached a point in which the Honolulu market was able to go back to the home prices they were at before the recession.

Luxury condominiums are becoming prominent in Honolulu, especially in Waikiki, a top tourist location. These condominiums have also contributed to the rising home prices.

Supply and demand in the Honolulu real estate market are both supported by the job sector which is equally as strong. This means the job sector is becoming parallel with rising home prices. Taking this into consideration along with low interest rates is encouraging for buyers to continue their activity in the real estate market.

Investment properties are performing very well, specifically buy-and-hold properties. The average rent for an apartment within 10 miles of Honolulu is approximately $2,800/month. Although appreciation levels are below the national average, they have significantly increased in the past few years which is a bonus for real estate investments.

Honolulu, HI Real Estate Investment Performance

PROPERTY SALE PRICE

$569,706

Median

1,150

Avg/Sq.ft.

CASH ON CASH RETURN

1.00%

Traditional

1.00%

Airbnb

RENTAL INCOME

$ 2,646

Traditional

$ 2,549

Airbnb

RENTAL INCOME

$ 2,646

Traditional

$ 2,549

Airbnb

NUMBER OF PROPERTIES

3,140

Investment

1,501

Airbnb

674

Traditional

37%

Airbnb occupancy rate

Redfin Housing market insights powered by Redfin

798

Number of homes sold

101

Median days on market

97%

Average sale-to-list price ratio

25%

Percentage of listings with price drops

3,140

Active listings count

1,329

New listings count

8.2

Months of supply

Honolulu, HI Properties Rental Prices

RENTAL STRATEGY	1 ROOM	2 ROOMS	3 ROOMS	4 ROOMS
Airbnb	$ 2,145	$ 5,043	N/A	N/A
Traditional	$ 1,976	$ 2,703	$ 4,010	$ 4,763

Airbnb

1 ROOM	$ 2,145
2 ROOMS	$ 5,043
3 ROOMS	N/A
4 ROOMS	N/A

Traditional

1 ROOM	$ 1,976
2 ROOMS	$ 2,703
3 ROOMS	$ 4,010
4 ROOMS	$ 4,763

Predict Short-Term Rental Revenue

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Investment Properties for Sale in Honolulu, HI

$369,000

MLS 202604921

1456 Thurston Avenue #A203, Honolulu, HI 96822

Downtown

Condo/Coop

2 beds 1 baths 686 sq.ft.

CAP RATE Trad. 3.01% Airbnb 10.07%

Analyze Property

$450,000

MLS 202610220

1423 Emerson Street #111, Honolulu, HI 96813

Downtown

Condo/Coop

2 beds 1 baths 796 sq.ft.

CAP RATE Trad. 3.66% Airbnb 10.01%

Analyze Property

$455,000

MLS 202607599

1515 Ward Avenue #704, Honolulu, HI 96822

Downtown

Condo/Coop

2 beds 2 baths 814 sq.ft.

CAP RATE Trad. 5.56% Airbnb 9.97%

Analyze Property

$340,000

MLS 202609157

320 Liliuokalani Avenue #902, Honolulu, HI 96815

Waikiki

Condo/Coop

2 beds 1 baths 684 sq.ft.

CAP RATE Trad. 6.46% Airbnb 9.72%

Analyze Property

$475,000

MLS 202608298

55 S Kukui Street #D2315, Honolulu, HI 96813

Downtown

Condo/Coop

2 beds 1 baths 888 sq.ft.

CAP RATE Trad. 4.70% Airbnb 9.50%

Analyze Property

$299,900

MLS 202611216

1540 Magazine Street #B1, Honolulu, HI 96822

Downtown

Condo/Coop

2 beds 1 baths 676 sq.ft.

CAP RATE Trad. -0.04% Airbnb 9.53%

Analyze Property

$175,000

MLS 202608751

2240 Kuhio Avenue #1802, Honolulu, HI 96815

Waikiki

Condo/Coop

1 beds 1 baths 445 sq.ft.

CAP RATE Trad. 11.10% Airbnb 9.57%

Analyze Property

$385,000

MLS 202601046

1002 Prospect Street #31, Honolulu, HI 96822

Downtown

Condo/Coop

2 beds 1 baths 677 sq.ft.

CAP RATE Trad. 1.94% Airbnb 9.40%

Analyze Property

Single Family Houses for Sale in Honolulu, HI

$1,200,000

MLS 202603557

3925 Nioi Place, Honolulu, HI 96816

Waialae-Kahala

Single Family Residential

2 beds 1 baths 924 sq.ft.

CAP RATE Trad. 0.91% Airbnb 2.91%

Analyze Property

$898,000

MLS 202608664

2702 Nihi Street, Honolulu, HI 96819

Liliha-Kapalama

Single Family Residential

2 beds 1 baths 1,305 sq.ft.

CAP RATE Trad. 2.82% Airbnb 2.39%

Analyze Property

$900,000

MLS 202608867

2627 Namauu Drive, Honolulu, HI 96817

Liliha-Kapalama

Single Family Residential

2 beds 2 baths 1,123 sq.ft.

CAP RATE Trad. 2.57% Airbnb 2.22%

Analyze Property

$2,488,000

MLS 202600355

55-A Old Pali Place, Honolulu, HI 96817

Nuuanu-Punchbowl

Single Family Residential

2 beds 3 baths 3,005 sq.ft.

CAP RATE Trad. 0.59% Airbnb 0.06%

Analyze Property

$3,100,000

MLS 202607513

3025 Diamond Head Road, Honolulu, HI 96815

Waikiki

Single Family Residential

2 beds 2 baths 1,378 sq.ft.

CAP RATE Trad. -0.51% Airbnb -0.48

Analyze Property

$8,300,000

MLS 202516253

187 Dowsett Avenue, Honolulu, HI 96817

Nuuanu-Punchbowl

Single Family Residential

1 beds 1 baths 610 sq.ft.

CAP RATE Trad. -1.96% Airbnb -2.09

Analyze Property

$225,000

MLS 202601227

726 Iaukea Street, Honolulu, HI 96813

Makiki-Lower Punchbowl-Tantalus

Single Family Residential

2 beds 1 baths 792 sq.ft.

CAP RATE Trad. 10.45% Airbnb N/A

Analyze Property

$420,000

MLS 202605567

469 Kalamaku Street, Honolulu, HI 96813

Makiki-Lower Punchbowl-Tantalus

Single Family Residential

3 beds 2 baths 1,030 sq.ft.

CAP RATE Trad. 7.10% Airbnb N/A

Analyze Property

Condos for Sale in Honolulu, HI

$369,000

MLS 202604921

1456 Thurston Avenue #A203, Honolulu, HI 96822

Downtown

Condo/Coop

2 beds 1 baths 686 sq.ft.

CAP RATE Trad. 3.01% Airbnb 10.07%

Analyze Property

$450,000

MLS 202610220

1423 Emerson Street #111, Honolulu, HI 96813

Downtown

Condo/Coop

2 beds 1 baths 796 sq.ft.

CAP RATE Trad. 3.66% Airbnb 10.01%

Analyze Property

$455,000

MLS 202607599

1515 Ward Avenue #704, Honolulu, HI 96822

Downtown

Condo/Coop

2 beds 2 baths 814 sq.ft.

CAP RATE Trad. 5.56% Airbnb 9.97%

Analyze Property

$340,000

MLS 202609157

320 Liliuokalani Avenue #902, Honolulu, HI 96815

Waikiki

Condo/Coop

2 beds 1 baths 684 sq.ft.

CAP RATE Trad. 6.46% Airbnb 9.72%

Analyze Property

$475,000

MLS 202608298

55 S Kukui Street #D2315, Honolulu, HI 96813

Downtown

Condo/Coop

2 beds 1 baths 888 sq.ft.

CAP RATE Trad. 4.70% Airbnb 9.50%

Analyze Property

$299,900

MLS 202611216

1540 Magazine Street #B1, Honolulu, HI 96822

Downtown

Condo/Coop

2 beds 1 baths 676 sq.ft.

CAP RATE Trad. -0.04% Airbnb 9.53%

Analyze Property

$175,000

MLS 202608751

2240 Kuhio Avenue #1802, Honolulu, HI 96815

Waikiki

Condo/Coop

1 beds 1 baths 445 sq.ft.

CAP RATE Trad. 11.10% Airbnb 9.57%

Analyze Property

$385,000

MLS 202601046

1002 Prospect Street #31, Honolulu, HI 96822

Downtown

Condo/Coop

2 beds 1 baths 677 sq.ft.

CAP RATE Trad. 1.94% Airbnb 9.40%

Analyze Property

Top Honolulu, HI Neighborhoods - Real Estate Market Analysis

Kalihi-Palama

60%

60% Mashmeter

PROPERTY PRICE

$695,000

Median for city

CAP RATE

2.05%

Traditional

6.78%

Airbnb

RENTAL INCOME

$ 1,865

Traditional

$ 4,002

Airbnb

73%

Airbnb occupancy rate

Analyze neighborhood

McCully-Moiliili

53%

53% Mashmeter

PROPERTY PRICE

$695,000

Median for city

CAP RATE

2.73%

Traditional

4.71%

Airbnb

RENTAL INCOME

$ 2,095

Traditional

$ 3,738

Airbnb

49%

Airbnb occupancy rate

Analyze neighborhood

Aliamanu-Salt Lake-Foster Village

46%

46% Mashmeter

PROPERTY PRICE

$695,000

Median for city

CAP RATE

3.25%

Traditional

1.17%

Airbnb

RENTAL INCOME

$ 2,354

Traditional

$ 1,800

Airbnb

73%

Airbnb occupancy rate

Analyze neighborhood

Downtown

45%

45% Mashmeter

PROPERTY PRICE

$695,000

Median for city

CAP RATE

2.97%

Traditional

4.19%

Airbnb

RENTAL INCOME

$ 2,509

Traditional

$ 4,455

Airbnb

53%

Airbnb occupancy rate

Analyze neighborhood

Makiki-Lower Punchbowl-Tantalus

45%

45% Mashmeter

PROPERTY PRICE

$695,000

Median for city

CAP RATE

1.84%

Traditional

4.18%

Airbnb

RENTAL INCOME

$ 2,085

Traditional

$ 4,630

Airbnb

69%

Airbnb occupancy rate

Analyze neighborhood

Liliha-Kapalama

45%

45% Mashmeter

PROPERTY PRICE

$695,000

Median for city

CAP RATE

2.75%

Traditional

4.97%

Airbnb

RENTAL INCOME

$ 2,231

Traditional

$ 3,886

Airbnb

65%

Airbnb occupancy rate

Analyze neighborhood

Hawaii Kai

43%

43% Mashmeter

PROPERTY PRICE

$695,000

Median for city

CAP RATE

2.58%

Traditional

1.39%

Airbnb

RENTAL INCOME

$ 2,820

Traditional

$ 3,314

Airbnb

43%

Airbnb occupancy rate

Analyze neighborhood

Kuliouou-Kalani Iki

41%

41% Mashmeter

PROPERTY PRICE

$695,000

Median for city

CAP RATE

1.40%

Traditional

1.04%

Airbnb

RENTAL INCOME

$ 2,961

Traditional

$ 4,229

Airbnb

50%

Airbnb occupancy rate

Analyze neighborhood

Diamond Head-Kapahulu-St. Louis

39%

39% Mashmeter

PROPERTY PRICE

$695,000

Median for city

CAP RATE

2.38%

Traditional

3.35%

Airbnb

RENTAL INCOME

$ 2,463

Traditional

$ 3,753

Airbnb

49%

Airbnb occupancy rate

Analyze neighborhood

Palolo

38%

38% Mashmeter

PROPERTY PRICE

$695,000

Median for city

CAP RATE

3.06%

Traditional

2.87%

Airbnb

RENTAL INCOME

$ 2,731

Traditional

$ 3,507

Airbnb

59%

Airbnb occupancy rate

Analyze neighborhood

Best Short Term Rental Markets

Find great vacation rentals for sale in the top performing markets

Short Term Rentals For Sale

Airbnb Vacation Rentals in Honolulu, HI

$187 per night Airbnb occupancy rate 39%

Condominium null · 1 · 3

Boutique Style Studio Just Steps to Waikiki Beach Honolulu, Hawaii, United States

Rental Income: $2,244 per month

4.9

443

$253 per night Airbnb occupancy rate 35%

Condominium null · 1 · 3

Waikiki Studio - Just Steps to the Beach and Zoo! Honolulu, Hawaii, United States

Rental Income: $2,678 per month

4.83

439

$130 per night Airbnb occupancy rate 48%

Condominium 1 · 1 · 2

THE HAPPIEST SPACE - WAIKIKI SMILES Honolulu, Hawaii, United States

Rental Income: $1,885 per month

4.73

418

$160 per night Airbnb occupancy rate 64%

Apartment 1 · 1 · 2

RARE HAWAIIAN DIAMOND Honolulu, Hawaii, United States

Rental Income: $3,093 per month

4.83

375

$176 per night Airbnb occupancy rate 61%

Apartment 1 · 1 · 2

THE GRAND EXPERIENCE Honolulu, Hawaii, United States

Rental Income: $3,241 per month

4.95

351

$184 per night Airbnb occupancy rate 69%

Apartment null · 1 · 3

Waikiki Bungalow Honolulu, Hawaii, United States

Rental Income: $3,849 per month

4.89

348

$186 per night Airbnb occupancy rate 32%

Condominium 1 · 1 · 2

Stylish Studio Across the Street from Waikiki Bch! Honolulu, Hawaii, United States

Rental Income: $1,829 per month

4.89

344

$173 per night Airbnb occupancy rate 62%

Condominium 1 · 1 · 2

Hawaiian Happiness on a Budget! Honolulu, Hawaii, United States

Rental Income: $3,244 per month

4.78

313

Real Estate Investment Analysis - Other Cities in hawaii

City Name	Property price	Cash on cash return		Rental Income		No. of Properties	Airbnb Occupancy Rate
City Name	Median	traditional	Airbnb	traditional	Airbnb	No. of Properties	Airbnb Occupancy Rate
Pahoa	$319,000	8%	2%	$3,151	$1,809	144	28%
Wailuku	$837,500	2%	3%	$3,031	$3,612	88	18%
Kailua	$1,390,000	1%	2%	$3,688	$6,720	80	18%
Hilo	$610,000	5%	3%	$3,412	$3,351	75	35%