Best Places to Invest in Hawaii Real Estate
45 Hawaii markets ranked from our sold history and per-listing investment modeling. Tap a city for its cap rate, cash flow and price detail — then sign up to see the actual cash-flowing listings.
| City | Median price | Cap rate | Cash flow/mo | Appreciation YoY | Sold (12mo) |
|---|---|---|---|---|---|
| Urban Honolulu | $714,000 | 1.5% | $-2,765 | +23.6% | 1,928 |
| Kailua | $1,150,000 | 1.7% | $-4,055 | -0.1% | 305 |
| East Honolulu | $1,545,000 | 1.5% | $-5,362 | +1.0% | 210 |
| East Kapolei | $691,830 | 2.3% | $-2,191 | +6.2% | 183 |
| Hilo | $502,500 | 1.8% | $-2,221 | +4.4% | 140 |
| Ewa Gentry | $815,000 | 2.8% | $-2,293 | +1.8% | 139 |
| Kaneohe | $832,500 | 1.5% | $-3,491 | +2.0% | 128 |
| Pearl City | $962,500 | 2.1% | $-2,585 | -3.0% | 118 |
| Hawaiian Paradise Park | $465,000 | 2.7% | $-1,680 | -5.2% | 118 |
| Ainaloa | $361,500 | 4.8% | $-474 | +5.1% | 112 |
| Mililani Town | $915,000 | 2.5% | $-2,234 | -3.6% | 110 |
| Kihei | $860,000 | 0.5% | $-3,888 | -17.4% | 99 |
| Ocean Pointe | $1,006,250 | 2.6% | $-3,262 | +1.1% | 96 |
| Makakilo | $799,000 | 3.0% | $-2,061 | -4.6% | 95 |
| Kapolei | $690,268 | 2.7% | $-2,330 | -11.1% | 88 |
| Mililani Mauka | $590,000 | 2.2% | $-1,994 | -4.4% | 79 |
| Kaiminani | $1,499,000 | 2.1% | $-4,452 | +1.8% | 73 |
| Hawaiian Ocean View | $51,750 | 5.0% | $-349 | -17.9% | 72 |
| Waimalu | $407,000 | 2.1% | $-1,479 | -12.8% | 69 |
| Waipahu | $875,000 | 2.5% | $-2,285 | +5.9% | 65 |
| Wailea | $1,200,000 | 0.2% | $-7,244 | -31.8% | 63 |
| Hawaiian Beaches | $163,000 | 5.0% | $-344 | +1.6% | 62 |
| Kahaluu-Keauhou | $947,500 | 0.5% | $-4,961 | +2.0% | 59 |
| Waimea | $878,000 | 1.3% | $-4,605 | +8.4% | 55 |
| Mountain View | $110,000 | 3.1% | $-1,135 | +7.1% | 54 |
| Wailuku | $930,500 | 1.8% | $-2,986 | -8.2% | 54 |
| Makaha | $265,000 | 1.5% | $-1,476 | -14.2% | 53 |
| Waikoloa Village | $755,000 | 1.8% | $-2,906 | +4.6% | 53 |
| Waikele | $555,000 | 2.2% | $-2,006 | +1.6% | 50 |
| Waipio | $507,500 | 2.7% | $-1,773 | +2.1% | 46 |
| Kaanapali | $997,500 | -1.7% | $-8,500 | +7.1% | 44 |
| Lahaina | $645,000 | 1.4% | $-3,895 | +4.3% | 43 |
| Poipu | $1,255,000 | -1.4% | $-7,768 | -2.6% | 43 |
| Maili | $682,500 | 3.1% | $-1,683 | -2.0% | 42 |
| Waikoloa Beach Resort | $1,530,000 | -0.8% | $-8,525 | -8.3% | 42 |
| Lihue | $880,000 | 0.3% | $-3,909 | -18.8% | 41 |
| Napili-Honokowai | $550,000 | -0.8% | $-3,822 | -17.8% | 41 |
| Ahuimanu | $945,000 | 1.7% | $-3,879 | +7.4% | 39 |
| Wahiawa | $795,000 | 2.7% | $-2,458 | +6.8% | 35 |
| Ewa Beach | $810,000 | 3.1% | $-2,490 | -6.2% | 34 |
| Royal Hawaiian Estates | $315,750 | 2.9% | $-959 | +23.8% | 32 |
| Kahului | $1,099,000 | 0.9% | $-4,017 | -9.1% | 31 |
| Royal Kunia | $945,000 | 2.4% | $-2,768 | +4.0% | 31 |
| Kapaa | $887,000 | 0.6% | $-5,779 | +0.8% | 30 |
| Kula | $1,461,000 | 0.2% | $-9,756 | -7.9% | 30 |
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