Aiea, HI

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Aiea short-term rental market based on reliable data.

Listings

16 / 57

Reliable / Active

Cap Rate

4%

Middle-Earners Gross Yield

Revenue

$32,679

Middle-Earners Revenue

Occupancy

72%

Middle-Earners Occupancy

Home Value

$833,972

Median Home Sale Price

Top Earners

$52,705

Top-Earners Revenue

Aiea

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Aiea.

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C

Challenging to Investors

Aiea Regulations

Aiea, HI has very restrictive STR regulations that are technically legal but severely constrained by limited geographic zones (only resort zones and select apartment areas), complex multi-step permitting with annual renewals, high fees ($2,000/2 years for NUC holders), strict occupancy caps (max 2 rooms, 2 adults per room for B&Bs), and active enforcement with significant penalties for violations, creating substantial compliance burden and uncertainty that would challenge most investors.

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About Aiea

Aiea is a small census-designated place on the island of Oahu in the City and County of Honolulu, Hawaii. With a population of roughly 9,000 residents, it occupies a hillside position above the eastern shore of Pearl Harbor, just northwest of downtown Honolulu. The community functions as a quiet residential suburb and serves as a popular gateway to the Pearl Harbor historic sites, Aloha Stadium, and the H-3 freeway that climbs over the Ko'olau Mountains to the windward side of the island. It sits about 10 miles, or roughly a 15- to 20-minute drive, from Waikiki and central Honolulu.

The most significant draw in the area is Pearl Harbor National Memorial, located just down the hill from Aiea at the harbor's edge. The site encompasses the USS Arizona Memorial, the USS Bowfin Submarine Museum & Park, the Battleship Missouri Memorial, and the Pacific Fleet Submarine Museum, drawing more than a million visitors a year. From Aiea, the main visitor center is only a few minutes' drive away, making the neighborhood a natural staging ground for travelers who want to spend a full day touring the memorials before returning to a quieter residential setting.

Just south of Aiea sits Aloha Stadium, a roughly 50,000-seat open-air venue that has hosted University of Hawaii Rainbow Warriors football, NFL Pro Bowl games in past seasons, the annual Aloha Festivals, and the long-running Aloha Stadium Swap Meet, one of the largest open-air markets in the state. The stadium is essentially within Aiea's borders, and its calendar of football games, concerts, and swap-meet weekends brings a steady stream of short-term visitors looking for nearby lodging.

A short drive inland from town leads to Keaiwa Heiau State Recreation Area, a 384-acre park built around an ancient Hawaiian healing temple believed to date back to the 17th century. The park's Aiea Loop Trail, an approximately 4.8-mile ridge hike with sweeping views of Pearl Harbor and the southern Oahu coastline, is one of the island's most accessible and popular day hikes, attracting both visitors and locals.

For travelers who want to balance beach time, hiking, and history without the bustle and price tag of Waikiki, Aiea offers a particularly strategic base. Its central Oahu position puts Pearl Harbor at the front door, downtown Honolulu and the airport roughly 15 minutes to the southeast, and the windward coast and North Shore within an hour's drive, all while maintaining the feel of an established neighborhood with shopping, dining, and easy freeway access.

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