Rental numbers for Hawaii
0 of 32 ZIP codes with full Zillow data in this state are cash-flow positive; the median gross yield is 4.0%.
- Gross yield
- n/a
- no Zillow rent index
- Median ZIP yield
- 4.0%
- 32 ZIPs with full data
- Cash flow
- n/a
- at 7.78%, 25% down
- Typical price
- $833,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $2,937/mo
- median across 32 tier A ZIPs, Aug 2026
Counties
Gross yield uses Zillow county rent where published, otherwise the median ZIP yield
| Hawaii County | $571,000 | $2,442 | 5.1% | 2.9% | -$1,707 | +7.8% |
| Kauai County | $1,019,000 | $3,708 | 4.4% | 2.4% | -$3,433 | +8.0% |
| Honolulu County | $856,000 | $3,020 | 4.2% | 2.2% | -$3,046 | +4.6% |
| Maui County | $988,000 | $3,239 | 3.9% | 2.1% | -$3,602 | +4.2% |
Highest-yield ZIP codes in Hawaii
Tier A only: Zillow value against Zillow rent
| ZIP | Typical price | Rent | Gross yield | Cash flow /mo |
|---|---|---|---|---|
| 96778Pahoa | $288,000 | $1,883 | 7.8% | -$357 |
| 96815Honolulu | $499,000 | $2,800 | 6.7% | -$937 |
| 96818Honolulu | $512,000 | $2,552 | 6.0% | -$1,233 |
| 96814Honolulu | $673,000 | $3,229 | 5.8% | -$1,684 |
| 96826Honolulu | $459,000 | $2,185 | 5.7% | -$1,214 |
| 96706Ewa Beach | $827,000 | $3,549 | 5.1% | -$2,381 |
| 96707Kapolei | $852,000 | $3,488 | 4.9% | -$2,595 |
| 96792Waianae | $576,000 | $2,343 | 4.9% | -$1,791 |
| 96813Honolulu | $732,000 | $2,961 | 4.9% | -$2,300 |
| 96720Hilo | $551,000 | $2,131 | 4.6% | -$1,847 |
Trends
Five years to August 2026
- Price, 12 months
- +1.1%
- Rent, 12 months
- n/a
- Rent minus price growth
- n/a
- Property tax
- 0.27%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value |
|---|---|
| Aug 2021 | $717,813 |
| Aug 2022 | $851,374 |
| Aug 2023 | $834,118 |
| Aug 2024 | $847,324 |
| Aug 2025 | $824,161 |
| Aug 2026 | $833,340 |
Costs that vary by state
- Effective property tax
- 0.27%
- Census ACS 2024
- Landlord insurance default
- $1,859/yr
- NAIC HO-3 $1,549 x 1.2
- Permits per 1,000 households
- 6.8
- last 12 months
- Median typical price
- $876,000
- tier A ZIPs
Metros
Questions
- Is Hawaii good for rental property?
- 0 of 32 ZIP codes with full Zillow data in this state are cash-flow positive; the median gross yield is 4.0%. Cash flow assumes the typical home in each ZIP, 7.78% with 25% down and the default costs.
- What is the average property tax rate in Hawaii?
- About 0.27% of value statewide (Census ACS median taxes paid over median value). Rates vary widely by county; the county table above links to each.
- What does landlord insurance cost in Hawaii?
- NAIC's 2023 average homeowners (HO-3) premium in Hawaii was $1,549. Landlord policies usually cost more, so this site assumes $1,859 a year. Quotes depend on the property, coverage and claims history.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
- Building Permits Survey, county monthly files
US Census Bureau. Read: 2025-09 to 2026-08.
New housing units permitted in the last 12 months per 1,000 households, a supply-pressure signal.
- NAIC Homeowners Insurance Report, data for 2023
National Association of Insurance Commissioners. Read: 2023.
Average HO-3 homeowners premium by state, multiplied by 1.2 as a landlord-policy assumption.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.