Is Buying A Condo In Hawaii A Good Investment Apr 2026

Hawaii County (Big Island) requires all STR operators to register annually and pay new fees (up to $500 for unhosted units) starting as early as March 2026.

Prospective investors must account for major legislative changes affecting rental income: 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. Hawaii County (Big Island) requires all STR operators

Prices are expected to remain flat or show modest growth (3–5% statewide). Slower appreciation rate compared to single-family homes

Counties now have expanded power to phase out STRs. For example, Maui has moved to eliminate roughly 7,000 units from the vacation rental pool by 2026.