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Hawaii Real Estate Market Trends 2026

743000

Median Price
Vacancy Rate %

6.8

Population

1440196

Population Growth %

-0.5

Home Price YoY % Change

2.8

Average Cap Rate %

4

Rent Yoy % Growth

2.5

Median Rent

1850

Market Overview

Hawaii's real estate market in 2026 features a median home price of $743,000, reflecting a +2.8% year-over-year change. The rental market shows rising rents with a median one-bedroom at $1,850/month and two-bedroom at $2,399/month (+2.5% YoY). With a population of 1.4M that is experiencing population decline, Hawaii represents a premium market with strong rental demand. The vacancy rate of 6.8% is near the national average (national: 7.2%). Top investment cities include Honolulu, Maui, Kailua, Hilo, Pearl City. Hawaii is considered tenant-friendly in terms of rental regulations.

Top Investment Cities

Honolulu, Maui, Kailua, Hilo, Pearl City

Investment Outlook

Hawaii's market offers an average cap rate of 4%, typical of premium markets. Investors should focus on value-add opportunities and neighborhoods with above-average rental demand. The high rental demand in Honolulu and Maui provides the strongest opportunity for consistent occupancy and rent growth.

Key Takeaways for 2026

Median home price: $743,000 (+2.8% YoY)
Average rent: $1850-$2399/mo
Cap rate: 4%
Vacancy: 6.8%
Population growth: -0.5%
Demand: High
Regulation: Tenant-Friendly

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