Best Places to Invest in Hawaii Real Estate
50 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 | $675,000 | 1.5% | $-2,724 | -9.0% | 1,790 |
| Kailua | $1,150,000 | 1.6% | $-4,018 | -2.1% | 346 |
| East Honolulu | $1,550,000 | 1.5% | $-5,321 | -0.5% | 234 |
| East Kapolei | $701,403 | 2.3% | $-2,187 | +10.3% | 206 |
| Hilo | $499,000 | 2.0% | $-2,013 | +0.2% | 158 |
| Ewa Gentry | $820,000 | 2.8% | $-2,248 | +1.3% | 157 |
| Kaneohe | $850,000 | 1.6% | $-3,472 | +3.0% | 143 |
| Hawaiian Paradise Park | $487,500 | 2.8% | $-1,551 | -2.8% | 138 |
| Kihei | $805,000 | 0.5% | $-3,823 | -18.7% | 132 |
| Mililani Town | $950,000 | 2.4% | $-2,347 | -3.0% | 123 |
| Pearl City | $960,000 | 2.0% | $-2,679 | -2.8% | 121 |
| Ocean Pointe | $1,012,500 | 2.6% | $-3,147 | +1.6% | 113 |
| Ainaloa | $360,000 | 4.7% | $-536 | +5.9% | 109 |
| Kapolei | $689,518 | 2.8% | $-2,183 | -9.7% | 104 |
| Makakilo | $720,000 | 2.9% | $-2,061 | -4.5% | 99 |
| Waimalu | $413,500 | 2.1% | $-1,447 | -18.3% | 98 |
| Mililani Mauka | $600,000 | 2.2% | $-2,094 | -4.2% | 92 |
| Wailea | $1,200,000 | 0.2% | $-7,179 | -23.5% | 89 |
| Hawaiian Ocean View | $57,500 | 4.7% | $-381 | -17.9% | 84 |
| Waipahu | $880,000 | 2.3% | $-2,540 | +0.2% | 79 |
| Kaiminani | $1,417,500 | 2.2% | $-4,091 | -9.0% | 76 |
| Hawaiian Beaches | $169,500 | 6.1% | $-51 | -0.6% | 74 |
| Makaha | $265,000 | 1.4% | $-1,377 | -17.2% | 63 |
| Wailuku | $807,000 | 1.8% | $-2,924 | -8.5% | 62 |
| Waimea | $855,000 | 1.5% | $-4,346 | +14.9% | 62 |
| Kahaluu-Keauhou | $1,000,000 | 0.5% | $-4,904 | +3.0% | 61 |
| Kaanapali | $887,500 | -1.7% | $-8,842 | -8.5% | 60 |
| Napili-Honokowai | $532,500 | -0.5% | $-3,508 | -25.6% | 60 |
| Waikoloa Village | $772,500 | 1.8% | $-2,767 | +6.8% | 60 |
| Mountain View | $140,000 | 3.4% | $-1,036 | +10.6% | 54 |
| Waikele | $549,000 | 2.2% | $-2,042 | +0.5% | 51 |
| Waikoloa Beach Resort | $1,477,500 | -0.7% | $-8,221 | -7.2% | 50 |
| Waipio | $505,000 | 2.5% | $-1,785 | +3.7% | 49 |
| Poipu | $1,347,500 | -1.1% | $-7,677 | -0.7% | 46 |
| Wahiawa | $820,000 | 2.7% | $-2,505 | +7.0% | 45 |
| Lahaina | $650,000 | 1.4% | $-3,847 | -16.4% | 44 |
| Ahuimanu | $865,000 | 1.6% | $-4,204 | +0.0% | 41 |
| Ewa Beach | $805,000 | 3.1% | $-2,351 | -12.3% | 41 |
| Maili | $690,000 | 3.1% | $-1,714 | -8.8% | 41 |
| Kahului | $1,100,000 | 1.0% | $-4,193 | -9.2% | 40 |
| Kula | $1,461,000 | 0.2% | $-9,719 | -23.4% | 38 |
| Lihue | $894,500 | 0.6% | $-4,022 | -15.1% | 38 |
| Royal Hawaiian Estates | $279,000 | 3.4% | $-739 | +13.1% | 37 |
| Waipio Acres | $432,000 | 2.3% | $-1,368 | +2.3% | 34 |
| Nanakuli | $345,000 | 3.6% | $-681 | -20.7% | 34 |
| Kapaa | $925,000 | 0.7% | $-5,710 | -5.3% | 33 |
| Princeville | $1,087,500 | 2.1% | $-5,318 | -7.9% | 32 |
| Discovery Harbour | $81,000 | 1.7% | $-2,150 | -0.8% | 32 |
| Royal Kunia | $948,500 | 2.5% | $-2,727 | +3.5% | 32 |
| Hawaiian Acres | $90,000 | 3.5% | $-746 | +12.8% | 31 |
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