Investing in Hawaii
If you're looking for a tropical getaway with endless sunny days and white sand beaches, look no further than Hawaii. This group of islands is a top destination for tourists from all over the world, which makes it a great place to invest in rental properties.
The Nophin team crunched the numbers and found the five best places to invest in Hawaii rental properties.
Statewide vacancy rates
Honolulu is the capital of Hawaii and home to Waikiki Beach, Diamond Head, and the USS Arizona Memorial.
- Population: 1,016,508
- Median household income: $87,722
- Median 1-bedroom monthly rent: $1,625
- Median listing home price: $615,000
Maui is the second largest island in Hawaii and is home to Haleakala National Park and the Hana Highway.
- Population: 164,754
- Median household income: $84,363
- Median 1-bedroom monthly rent: $1,150
- Median listing home price: $1,100,000
Kauai, perhaps the most scenic of the Hawaiian islands, has lush rainforests and the Waimea Canyon.
- Population: 73,298
- Median household income: $82,818
- Median 1-bedroom monthly rent: $1,500
- Median listing home price: $987,000
Big Island, HI
Big Island (also known as Hawaii, HI) is the largest of all Hawaiian islands and is where the majority of macadamia nuts are grown.
- Population: 200,629
- Median household income: $65,401
- Median 1-bedroom monthly rent: $1,400
- Median listing home price: $549,000
Lanai, also called the Pineapple Island, once produced more than 75% of the world's pineapple supply.
- Population: 3,332
- Median household income: $59,129
- Median 1-bedroom monthly rent: $1,250
- Median listing home price: $695,000
Nophin is landlord banking and software for rental properties
With FDIC-insured bank accounts and cards that seamlessly integrate with easy-to-use software, Nophin helps landlords increase returns and automate rental property finances. Check out what we offer on the Nophin homepage!
To help us determine the five best cities in all states, the Nophin team used data from several sources including the 2020 United States Census, the Department of Housing & Urban Development, Federal Reserve Economic Data (FRED), the National Association of REALTORS®, Zumper, internal data, and other reputable sources.