In October, rental volume increased both month-over-month and year-over-year. Median price rose slightly from a year ago.
The number of luxury rentals increased significantly from last year but decreased month-over-month. Median price is up 9.4% compared to both time periods.
Owning a home in Hawai‘i while living on the mainland can be both rewarding and complex. The islands operate on their own rhythm when it comes to property care, tenant expectations, and maintenance realities. For many mainland owners, the biggest challenges arise not from the tenants themselves but from distance, time zones, and the need for reliable boots-on-the-ground representation.
In September, rental volume decreased month-over-month but there was no change year-over-year. Median price in September rose compared to both time periods. The number of luxury rentals increased from July both month-over-month and year-over-year, up 63.1% from last September. There was no change in median price compared to both time periods.
Owning an investment property in Hawaiʻi can be a dream, but managing it yourself can quickly turn that dream into a full-time job. From finding reliable tenants to handling late-night maintenance calls and navigating complex local laws, the true costs of self-management go far beyond saving a management fee.
In August, rental volume decreased month-over-month and year-over-year. The number of luxury rentals decreased from July, ending their upward trend since last November. However, rental volume was up 25% from last August.
The number of luxury rentals continued their upward trend since last November, reaching 111, the highest in our records dating back to June 2022. Median price was down slightly from last year but unchanged from last month.
Waikiki isn’t just one of the most famous beaches in the world, it’s also one of the most sought-after locations for vacation rentals in Hawai‘i.
In June, the number of properties rented on Oahu increased compared May. The number of luxury rentals increased significantly in June, up over 30% from last June, reaching the highest monthly rental volume in the last three years.
Hurricane season in Hawaii officially runs from June 1 through November 30. While major storms are rare, it only takes one to cause significant damage. As a rental property owner, being prepared not only protects your investment but also keeps your tenants safe and minimizes disruptions.