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

$609,710

Median

1,091

Avg/Sq.ft.

CASH ON CASH RETURN

N/A

Traditional

4.00%

Airbnb

RENTAL INCOME

$ 1,835

Traditional

$ 4,192

Airbnb

RENTAL INCOME

$ 1,835

Traditional

$ 4,192

Airbnb

NUMBER OF PROPERTIES

3,475

Investment

3,600

Airbnb

674

Traditional

46%

Airbnb occupancy rate

Redfin Housing market insights powered by Redfin

906

Number of homes sold

86

Median days on market

97%

Average sale-to-list price ratio

30%

Percentage of listings with price drops

3,475

Active listings count

1,385

New listings count

7.9

Months of supply

Honolulu, HI Properties Rental Prices

RENTAL STRATEGY	1 ROOM	2 ROOMS	3 ROOMS	4 ROOMS
Airbnb	$ 2,751	$ 6,069	$ 5,860	$ 5,075
Traditional	$ 1,976	$ 2,703	$ 4,010	$ 4,763

Airbnb

1 ROOM	$ 2,751
2 ROOMS	$ 6,069
3 ROOMS	$ 5,860
4 ROOMS	$ 5,075

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

$355,000

MLS 202602214

2501 Coyne Street 205, Honolulu, HI 96826

McCully-Moiliili

Condo/Coop

3 beds 1 baths 925 sq.ft.

CAP RATE Trad. 1.42% Airbnb 9.66%

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$300,000

MLS 202619740

1415 Liholiho Street 202, Honolulu, HI 96822

Ala Moana

Condo/Coop

1 beds 1 baths 572 sq.ft.

CAP RATE Trad. 5.38% Airbnb 9.28%

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$723,800

MLS 202617929

428 Cooke Street B1602, Honolulu, HI 96813

Ala Moana

Condo/Coop

2 beds 2 baths 708 sq.ft.

CAP RATE Trad. 3.11% Airbnb 8.54%

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$499,000

MLS 202611225

2522 Date Street 1803, Honolulu, HI 96826

McCully-Moiliili

Condo/Coop

2 beds 1 baths 757 sq.ft.

CAP RATE Trad. 1.61% Airbnb 7.99%

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$479,999

MLS 733027

1676 ALA MOANA BLVD #508, Honolulu, HI 96815

Waikiki

Condo/Coop

2 beds 2 baths 801 sq.ft.

CAP RATE Trad. 0.85% Airbnb 7.81%

Analyze Property

$295,000

MLS 202616785

1448 Young Street 1810, Honolulu, HI 96814

McCully-Moiliili

Condo/Coop

1 beds 1 baths 415 sq.ft.

CAP RATE Trad. 5.36% Airbnb 7.81%

Analyze Property

$669,000

MLS 202618589

1800 Kaioo Drive C304, Honolulu, HI 96815

Waikiki

Condo/Coop

2 beds 2 baths 837 sq.ft.

CAP RATE Trad. 3.66% Airbnb 7.12%

Analyze Property

$325,000

MLS 202617610

737 Olokele Avenue 505, Honolulu, HI 96816

Diamond Head-Kapahulu-St. Louis

Condo/Coop

1 beds 1 baths 531 sq.ft.

CAP RATE Trad. 4.87% Airbnb 6.78%

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Single Family Houses for Sale in Honolulu, HI

$1,899,999

MLS 202604020

2519 Malama Place, Honolulu, HI 96822

McCully-Moiliili

Single Family Residential

4 beds 3 baths 2,256 sq.ft.

CAP RATE Trad. 1.55% Airbnb 1.45%

Analyze Property

$1,590,000

MLS 202609863

3536 Pinao Street, Honolulu, HI 96822

Manoa

Single Family Residential

3 beds 3 baths 2,148 sq.ft.

CAP RATE Trad. 1.89% Airbnb 1.31%

Analyze Property

$2,980,000

MLS 202615898

2243 Sea View Avenue, Honolulu, HI 96822

McCully-Moiliili

Single Family Residential

N/A beds N/A baths N/A sq.ft.

CAP RATE Trad. -0.46% Airbnb -0.82

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$1,484,000

MLS 731245

240 PUIWA RD, Honolulu, HI 96817

Nuuanu-Punchbowl

Single Family Residential

4 beds 3 baths 2,103 sq.ft.

CAP RATE Trad. 2.35% Airbnb N/A

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Condos for Sale in Honolulu, HI

$355,000

MLS 202602214

2501 Coyne Street 205, Honolulu, HI 96826

McCully-Moiliili

Condo/Coop

3 beds 1 baths 925 sq.ft.

CAP RATE Trad. 1.42% Airbnb 9.66%

Analyze Property

$300,000

MLS 202619740

1415 Liholiho Street 202, Honolulu, HI 96822

Ala Moana

Condo/Coop

1 beds 1 baths 572 sq.ft.

CAP RATE Trad. 5.38% Airbnb 9.28%

Analyze Property

$723,800

MLS 202617929

428 Cooke Street B1602, Honolulu, HI 96813

Ala Moana

Condo/Coop

2 beds 2 baths 708 sq.ft.

CAP RATE Trad. 3.11% Airbnb 8.54%

Analyze Property

$499,000

MLS 202611225

2522 Date Street 1803, Honolulu, HI 96826

McCully-Moiliili

Condo/Coop

2 beds 1 baths 757 sq.ft.

CAP RATE Trad. 1.61% Airbnb 7.99%

Analyze Property

$479,999

MLS 733027

1676 ALA MOANA BLVD #508, Honolulu, HI 96815

Waikiki

Condo/Coop

2 beds 2 baths 801 sq.ft.

CAP RATE Trad. 0.85% Airbnb 7.81%

Analyze Property

$295,000

MLS 202616785

1448 Young Street 1810, Honolulu, HI 96814

McCully-Moiliili

Condo/Coop

1 beds 1 baths 415 sq.ft.

CAP RATE Trad. 5.36% Airbnb 7.81%

Analyze Property

$669,000

MLS 202618589

1800 Kaioo Drive C304, Honolulu, HI 96815

Waikiki

Condo/Coop

2 beds 2 baths 837 sq.ft.

CAP RATE Trad. 3.66% Airbnb 7.12%

Analyze Property

$325,000

MLS 202617610

737 Olokele Avenue 505, Honolulu, HI 96816

Diamond Head-Kapahulu-St. Louis

Condo/Coop

1 beds 1 baths 531 sq.ft.

CAP RATE Trad. 4.87% Airbnb 6.78%

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

$115 per night Airbnb occupancy rate 62%

Apartment 0 · 1 · 2

Renovated Cozy Studio with Great View Honolulu, Hawaii, United States

Rental Income: $2,147 per month

4.83

559

$158 per night Airbnb occupancy rate 43%

Condominium 0 · 1 · 2

Cozy Waikīkī Studio 1/2 Block from the Beach Honolulu, Hawaii, United States

Rental Income: $2,067 per month

4.94

540

$183 per night Airbnb occupancy rate 47%

Condominium 1 · 1 · 4

Waikiki Marina Resort at the llikai Studio Honolulu, Hawaii, United States

Rental Income: $2,623 per month

4.67

504

$156 per night Airbnb occupancy rate 62%

Condominium 1 · 1 · 2

Seashore Studio - Awesome Ocean View! Honolulu, Hawaii, United States

Rental Income: $2,938 per month

4.77

466

$171 per night Airbnb occupancy rate 45%

Condominium 0 · 1 · 3

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

Rental Income: $2,351 per month

4.9

450

$145 per night Airbnb occupancy rate 69%

Condominium 0 · 1 · 3

Contemporary Waikiki Studio - Steps to the Beach! Honolulu, Hawaii, United States

Rental Income: $3,045 per month

4.91

422

$137 per night Airbnb occupancy rate 37%

Condominium 1 · 1 · 2

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

Rental Income: $1,530 per month

4.73

419

$105 per night Airbnb occupancy rate 40%

Condominium 0 · 1 · 3

Convenient Waikiki Studio w/ Kitchen #A Honolulu, Hawaii, United States

Rental Income: $1,260 per month

4.67

415

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
Kailua Kona	$936,000	1%	1%	$3,068	$4,362	208	40%
Pahoa	$321,000	8%	2%	$3,098	$1,673	140	27%
Wailuku	$694,000	2%	2%	$2,828	$2,216	86	29%
Hilo	$598,250	5%	3%	$3,317	$3,105	76	34%