Performance indicators for the Papaaloa short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Papaaloa.
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Challenging to Investors
Allowed in select V/CG/CV and resort/VDAs but prohibited in standard residential zones; state/county permitting (TAT/GET/STR permit) plus $1M insurance and annual renewals create moderate-to-high compliance cost. The Jan 1, 2025 rule that only Hawaii County residents can operate unhosted STRs limits out‑of‑state investment and requires on‑site hosting, increasing risk; steep penalties for noncompliance further dampen investor friendliness.
Local STR Agent
STR specialist · Papaaloa, HI
Pāpaʻaloa (also spelled Papaaloa) is an unincorporated community on the island of Hawaiʻi in Hawaiʻi County, Hawaii, United States. It lies along Hawaii Route 19 north of Hilo, the county seat of Hawaiʻi County. Its elevation is about 300 feet above sea level (about 90 m) Because the community has borne multiple names, the Board on Geographic Names officially designated it "Papaaloa" in 1914 and 1954 before assigning the current name in 2001. It has a post office with the ZIP code 96780.Three streams flow around or through Pāpaʻaloa, Hawaii. Kihalani Stream borders the northwest side, Kaiwilahilah Stream is in the middle, and Ha'akoa Stream borders the southeast side.