LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$2,501
Monthly Cash Flow
-$1,021
Principal + Equity
$2,124
Annual Total Gain
$13,237
Cash on Cash
-6.49%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B
Overall
Top-level market grade
Healthiest Cities in America
#23out of 229 markets
Best Cities to Retire in America
#48out of 229 markets
Healthiest Places to Live in America
#23out of 230 markets
B
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Honolulu, HI.
Before investing in a property for Short Term Rental (STR) in Honolulu, HI, an investor should be aware of the following regulations:
1. Permit Requirement: In Honolulu, property owners are required to obtain a Nonconforming Use Certificate (NUC) in order to operate a short-term rental. This permit is subject to strict regulations and must be renewed annually.
2. Zoning Restrictions: Short-term rentals are only allowed in certain zoning districts in Honolulu. It is important for investors to ensure that the property they are considering purchasing is located in a zone that permits short-term rentals.
3. Occupancy Limits: There are occupancy limits for short-term rentals in Honolulu, which vary depending on the zoning district. Investors should be aware of these limits and ensure compliance with them.
4. Taxes and Fees: Property owners operating short-term rentals in Honolulu are required to pay transient accommodations taxes and general excise taxes. Additionally, there may be additional fees associated with obtaining the necessary permits.
5. Noise and Nuisance Regulations: Honolulu has strict regulations regarding noise and nuisance complaints related to short-term rentals. Property owners must ensure that their guests comply with these regulations to avoid fines and penalties.
6. Homeowner Association Rules: If the property is located in a community with a homeowner association (HOA), investors should review the HOA rules and regulations regarding short-term rentals. Some HOAs may have restrictions or prohibitions on short-term rentals.
7. Enforcement and Penalties: Honolulu has a dedicated team for enforcing short-term rental regulations, and property owners found to be in violation may face fines, penalties, and even the revocation of their NUC.
It is important for investors to thoroughly research and understand the regulations and requirements for operating a short-term rental in Honolulu before purchasing a property for this purpose. Failure to comply with these regulations can result in financial losses and legal consequences.
Market Trends Over Time
Explore 25 years of market data for Honolulu, HI, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Honolulu, HI.
The LTR Genie Score of Honolulu, HI is 44, indicating a low rentability for long-term rental properties in the area. This is likely due to the low LTR Rent Growth Rate of 0.0321% and the 1-Year Price Appreciation Forecast of -0.04%. On the other hand, the STR Genie Score is 71, suggesting a higher potential for short-term rental or Airbnb properties. This is supported by the STR Net ROI of 13.34% and the STR Occupancy rate of 81.82%.
In comparison, the STR Genie Score is significantly higher than the LTR Genie Score, indicating that short-term rental investment may be more lucrative in Honolulu, HI. With a STR Revenue of 4116 and a strong occupancy rate, investors may find more success in the short-term rental market in this location.
Honolulu, HI is a popular tourist destination known for its beautiful beaches, vibrant culture, and diverse dining options. With a steady stream of visitors year-round, the short-term rental market in Honolulu may present a lucrative opportunity for investors looking to capitalize on the tourism industry. However, the long-term rental market may not be as favorable due to slower rent growth and price appreciation forecasts.
Overall, based on the metrics provided, Honolulu, HI appears to be more attractive for short-term rental investment rather than long-term rental investment. Investors may want to consider exploring opportunities in the Airbnb market in this location for potentially higher returns.
