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Kona, HI Investment Data and Rental Metrics
Investment Data & Rental Metrics
LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$3,005
Monthly Cash Flow
-$1,188
Principal + Equity
$5,560
Annual Total Gain
$52,458
Cash on Cash
-6.34%
Net ROI %
STR Financial Performance
Median Price
Avg. Daily Rate
$284
Occupancy Rate
73.33%
Monthly Revenue
$4,243
Monthly Cash Flow
-$586
Principal + Equity
$5,560
Annual Total Gain
$59,677
Cash on Cash %
-3.13%
Net ROI %
Market Health & Growth
Median Income
$86,743
Population
0
LTR Renter %
33.83%
Forecast (1 yr)
1.3%
Appreciation (1 yr)
-3.98%
Appreciation (5 yr)
54.73%
Appreciation (10 yr)
87.7%
Job Growth
0%
LTR Rentability
Low
STR Demand
87
STR Rentals
4,375
Top Public Schools
A-Hawai'i Technology Academy Public Charter School
A-University Laboratory School
A-
B
B
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
C
Overall
Top-level market grade
Most Diverse Places to Live in Hawaii
#12out of 47 markets
Best Places for Young Professionals in Hawaii
#4out of 47 markets
C
Public School
F
Crime And Safety
D
Housing
B
Nightlife
C
Good For Families
Diversity
Jobs
Weather
Cost Of Living
Health And Fitness
Outdoor Activities
Commute
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Kona, HI.
Before investing in a property in Kona, HI for short term rental purposes, an investor should be aware of the following regulations:
1. Permit Requirement: In Kona, HI, short term rentals are subject to regulation by the County of Hawaii. Property owners must obtain a Transient Accommodations Tax (TAT) license and a General Excise Tax (GET) license in order to legally operate a short term rental.
2. Zoning Restrictions: The zoning laws in Kona, HI may restrict short term rentals in certain areas. Investors should check with the local planning department to ensure that the property they are interested in is zoned for short term rental use.
3. Occupancy Limits: There may be occupancy limits for short term rentals in Kona, HI. Investors should be aware of these limits and ensure that they comply with them when renting out their property.
4. Noise and Nuisance Regulations: Kona, HI has noise and nuisance regulations that apply to short term rentals. Investors should be aware of these regulations and take steps to ensure that their guests comply with them.
5. Homeowner's Association Rules: If the property is located in a community with a homeowner's 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.
6. Insurance Requirements: Investors should ensure that they have the appropriate insurance coverage for their short term rental property in Kona, HI. This may include liability insurance, property insurance, and coverage for short term rental activities.
By being aware of and complying with these regulations, investors can ensure that their short term rental property in Kona, HI is operating legally and responsibly.
Market Trends Over Time
Market trend data is not yet available for Kona, HI.
Nearest Markets
Explore nearby investment markets close to Kona, HI.
The LTR Genie Score of Kona, HI is 49, indicating a moderate level of rentability for long-term rental properties in the area. This is likely due to the stagnant LTR Rent Growth Rate of 0.0%, which may not be attractive for investors seeking rental income growth. On the other hand, the STR Genie Score is 72, showing a high level of rentability for short-term rental properties. This is supported by the STR Net ROI of 26.55% and the STR Occupancy rate of 73.33%, indicating strong potential for high returns in the short-term rental market.
In comparing the LTR and STR Genie Scores, it is clear that Kona, HI is more favorable for short-term rental investments. The higher Genie Score, Net ROI, and Occupancy rate in the short-term rental market suggest that investors may see better returns and more consistent income from this type of investment in the area.
Overall, based on the metrics provided, Kona, HI appears to be a more attractive market for short-term rental investments rather than long-term rental investments. With a strong Genie Score and high potential for ROI in the short-term rental market, investors may find more success and profitability by focusing on this segment of the real estate market in Kona, HI.
Kona, HI is a popular tourist destination known for its beautiful beaches, outdoor activities, and cultural attractions. The area attracts a steady stream of visitors throughout the year, making it an ideal location for short-term rental investments. Additionally, Kona's 1-Year Price Appreciation Forecast of 1.3% suggests potential for property value growth, further enhancing the investment potential in the market.
