Best places to buy rental properties in Hawaii

January 17, 2022
● Written by


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

HI Rental Vacancy Rate via Federal Reserve Bank of St. Louis

Honolulu, HI

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, HI

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, HI

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, HI

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.

More posts

The Landlord's Guide to the 1031 Exchange

The Landlord's Guide to Rental Property Depreciation

The Landlord's Guide to Tenant Security Deposits

How can I achieve financial independence through real estate?

Digitally collect rent on time, every time

Search all posts
Please note: Nothing above should be construed as legal, investment, tax, nor financial advice. This content is for informational purposes only. Consult a lawyer and/or an accountant if the above is right for your personal situation.

Upgrade your rental property finances

You're on the list!
Oops, something went wrong! Please try again.