Rental Markets in Hawaii

DoorBase tracks rental market data across Hawaii by ZIP code. This state page is a crawlable index for investors comparing rents, cap-rate estimates, vacancy, demographics, home values, renter share, household income, and employment conditions before drilling into individual ZIP pages.

Hawaii Rental Market Overview

The current sample of indexable Hawaii ZIP markets shows average median rent of $2,193, average median home value of $860,016, average cap-rate high of 2.9%, average vacancy of 17.4%, renter ratio near 36.3%, and median household income around $92,217. These statewide figures are directional and should be used to compare markets before reviewing a specific ZIP code.

Hawaii is not one rental market. Large cities, inner suburbs, commuter towns, college markets, rural counties, resort areas, and industrial corridors can produce very different rent levels and ownership economics. DoorBase keeps the canonical content at the ZIP level so investors can move from a broad state view into the most precise local data available.

Featured Hawaii ZIP Markets

ZIP	City	Rent	Cap Rate	Vacancy	Population
96706	Ewa Beach	$3,549	2.3-3.9%	3.6%	83,467
96797	Waipahu	$2,912	1.6-3.2%	5%	72,717
96744	Kaneohe	$3,473	1.5-3.1%	4.4%	56,245
96817	Honolulu	$2,387	1.4-3%	8.4%	55,213
96818	Honolulu	$2,552	2.8-4.4%	6.2%	55,107
96789	Mililani	$3,018	1.7-3.3%	3.1%	54,608
96819	Honolulu	$2,836	1.1-2.7%	5.8%	51,961
96734	Kailua	$3,890	1-2.6%	7.4%	50,985
96720	Hilo	$2,131	2-3.6%	9.7%	50,971
96816	Honolulu	$2,866	0.8-2.4%	9.3%	50,711
96792	Waianae	$2,343	2.1-3.7%	14.5%	49,879
96707	Kapolei	$3,488	2.1-3.7%	9.1%	49,316
96822	Honolulu	$2,167	1.6-3.2%	6.1%	44,551
96786	Wahiawa	$2,437	1.3-2.9%	8.9%	41,293
96740	Kailua-Kona	$2,806	1.5-3.1%	26%	40,805
96701	Aiea	$2,777	1.6-3.2%	5.6%	40,504
96782	Pearl City	$2,488	1.1-2.7%	3.7%	37,740
96793	Wailuku	$3,194	1.7-3.3%	11.4%	32,647
96825	Honolulu	$4,202	1.6-3.2%	6.4%	30,904
96826	Honolulu	$2,185	2.6-4.2%	11.9%	29,718
96753	Kihei	$3,141	1.5-3.1%	38.8%	29,249
96815	Honolulu	$2,800	3.2-4.8%	34.2%	27,146
96813	Honolulu	$2,961	2.1-3.7%	8.2%	26,059
96732	Kahului	$2,538	1-2.6%	6.9%	25,889
96814	Honolulu	$3,229	2.7-4.3%	17.4%	23,739
96761	Lahaina	$3,131	1.5-3.1%	40.4%	21,766
96746	Kapaa	$3,473	1.8-3.4%	16.9%	20,566
96821	Honolulu	$4,469	1-2.6%	9%	19,831
96749	Keaau	$2,465	3-4.6%	10%	19,449
96768	Makawao	$3,650	1.6-3.2%	4%	18,782
96766	Lihue	$1,904	0.8-2.4%	10.4%	16,924
96778	Pahoa	$1,883	3.9-5.5%	14.1%	14,225
96743	Kamuela	$3,500	1.2-2.8%	24.9%	13,326
96708	Haiku	$3,525	1.2-2.8%	9.9%	11,452
96795	Waimanalo	$1,710	0.3-1.9%	5.8%	10,315
96790	Kula	$2,147	0.4-2%	12.2%	9,463
96712	Haleiwa	$3,386	0.6-2.2%	11%	8,099
96704	Captain Cook	$2,500	3.2-4.8%	23.4%	7,975
96771	Mountain View	$1,161	1.8-3.4%	11.7%	7,736
96738	Waikoloa	$2,251	1.1-2.7%	43.3%	7,407
96791	Waialua	$2,891	1.2-2.8%	15.1%	6,434
96741	Kalaheo	$1,706	0.3-1.9%	11%	6,283
96756	Koloa	$1,593	0.1-1.7%	40.3%	6,110
96762	Laie	$2,382	0.6-2.2%	24.1%	5,699
96748	Kaunakakai	$941	1-2.6%	25.7%	5,168
96727	Honokaa	$1,218	0.5-2.1%	13.5%	4,759
96725	Holualoa	$1,528	0.3-1.9%	9.8%	4,672
96717	Hauula	$2,224	1.1-2.7%	28.5%	4,396
96785	Volcano	$1,292	1.8-3.4%	17.6%	4,224
96754	Kilauea	$1,891	1.4%	20.6%	4,172
96760	Kurtistown	$1,208	1.6-3.2%	21%	4,144
96737	Ocean View	$829	1.8-3.4%	28.1%	3,781
96752	Kekaha	$2,228	1.3-2.9%	22.5%	3,552
96755	Kapaau	$1,381	0.8-2.4%	10.2%	3,548
96703	Anahola	$1,479	0.3-1.9%	4.2%	3,453
96763	Lanai City	$1,087	0.3-1.9%	22.2%	3,333
96750	Kealakekua	$1,076	0.2-1.8%	10.8%	3,137
96779	Paia	$2,486	0.6-2.2%	16.7%	2,906
96731	Kahuku	$1,450	0.1-1.7%	38.7%	2,827
96772	Naalehu	$1,509	1.9-3.5%	20.4%	2,556

Notable ZIP Markets in This Sample

The highest estimated cap-rate band in this sample tops out at 5.5% in ZIP 96778 (Pahoa).

The lowest vacancy in this sample is 3.1% in ZIP 96789 (Mililani).

The highest median rent in this sample is $4,469 in ZIP 96821 (Honolulu).

The highest median household income in this sample is $174,152 in ZIP 96821 (Honolulu).

Rental Markets by City

Honolulu

Honolulu has 11 ZIP codes in this sample. Median rents range from $2,167 to $4,469. Estimated cap-rate bands reach up to 4.8% at the high end. Vacancy averages 11.2%. See ZIP 96817 for the full market profile.

Ewa Beach

Ewa Beach has 1 ZIP code in this sample. Sample median rent is $3,549. Estimated cap-rate bands reach up to 3.9% at the high end. Vacancy averages 3.6%. See ZIP 96706 for the full market profile.

Waipahu

Waipahu has 1 ZIP code in this sample. Sample median rent is $2,912. Estimated cap-rate bands reach up to 3.2% at the high end. Vacancy averages 5.0%. See ZIP 96797 for the full market profile.

Kaneohe

Kaneohe has 1 ZIP code in this sample. Sample median rent is $3,473. Estimated cap-rate bands reach up to 3.1% at the high end. Vacancy averages 4.4%. See ZIP 96744 for the full market profile.

Mililani

Mililani has 1 ZIP code in this sample. Sample median rent is $3,018. Estimated cap-rate bands reach up to 3.3% at the high end. Vacancy averages 3.1%. See ZIP 96789 for the full market profile.

Kailua

Kailua has 1 ZIP code in this sample. Sample median rent is $3,890. Estimated cap-rate bands reach up to 2.6% at the high end. Vacancy averages 7.4%. See ZIP 96734 for the full market profile.

Hilo

Hilo has 1 ZIP code in this sample. Sample median rent is $2,131. Estimated cap-rate bands reach up to 3.6% at the high end. Vacancy averages 9.7%. See ZIP 96720 for the full market profile.

Waianae

Waianae has 1 ZIP code in this sample. Sample median rent is $2,343. Estimated cap-rate bands reach up to 3.7% at the high end. Vacancy averages 14.5%. See ZIP 96792 for the full market profile.

Kapolei

Kapolei has 1 ZIP code in this sample. Sample median rent is $3,488. Estimated cap-rate bands reach up to 3.7% at the high end. Vacancy averages 9.1%. See ZIP 96707 for the full market profile.

Wahiawa

Wahiawa has 1 ZIP code in this sample. Sample median rent is $2,437. Estimated cap-rate bands reach up to 2.9% at the high end. Vacancy averages 8.9%. See ZIP 96786 for the full market profile.

Kailua-Kona

Kailua-Kona has 1 ZIP code in this sample. Sample median rent is $2,806. Estimated cap-rate bands reach up to 3.1% at the high end. Vacancy averages 26.0%. See ZIP 96740 for the full market profile.

Aiea

Aiea has 1 ZIP code in this sample. Sample median rent is $2,777. Estimated cap-rate bands reach up to 3.2% at the high end. Vacancy averages 5.6%. See ZIP 96701 for the full market profile.

How to Use the Hawaii Directory

Start with the state page to understand the range of rental markets, then open individual ZIP pages for the numbers that matter most to underwriting. A state average can hide important local differences. One ZIP may have stronger rent growth and lower vacancy while a nearby ZIP has better purchase prices but weaker renter demand.

The most useful investor workflow is to compare rent, cap rate, vacancy, home value, renter ratio, household income, population growth, unemployment, and job growth together. No single number is enough. A high cap-rate estimate can be offset by weak income, high vacancy, or limited tenant demand. A lower cap-rate estimate can still make sense if the market has strong income, job growth, and durable renter demand.

State Coverage and Internal Links

This page links into the canonical ZIP URL structure, such as /rentals/hi/30318, without bringing back city parent pages. That structure keeps DoorBase clean for search engines: state pages organize the directory, ZIP pages hold the canonical data, and future market guides can exist separately as heavier editorial SEO hubs.

DoorBase currently tracks 79 sampled ZIP markets across 69 Hawaii cities in this crawlable state summary. The live React page may show a broader interactive directory after JavaScript loads, while this fallback body ensures crawlers receive meaningful text and links immediately.