Is Buying A Condo In Hawaii A Good Investment Apr 2026

($800–$1,500+ in some areas) and rising insurance costs. Market Supply Extreme scarcity due to geography and strict zoning.

Low initial cap rates; may require significant down payment to break even. is buying a condo in hawaii a good investment

Historically, Oahu condo values have increased nearly 468% between 1985 and 2022, supporting the "long game" strategy. Investment Pros and Cons Investment Advantage (Pros) Risks & Challenges (Cons) Appreciation High historical growth; values often double every 10 years. Slower appreciation rate compared to single-family homes. Rental Income Low vacancy rates (historically around 2%) and high demand. ($800–$1,500+ in some areas) and rising insurance costs

The North Shore saw 74% price appreciation in early 2026, while the Ewa Plain experienced a 121% surge in sales activity. Historically, Oahu condo values have increased nearly 468%

Remains an "affordability valve," but buyers should watch for Bill 47's impact on rental flexibility.

Markets like Waikiki and Makiki have seen median prices stay flat or decline slightly ($435k median in Waikiki), offering lower entry points.