Waianae, HI

  • Overview
  • Performance
  • Listings
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Key Performance Metrics

Market snapshot

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

Listings

217 / 417

Reliable / Active

Cap Rate

11%

Middle-Earners Gross Yield

Revenue

$63,708

Middle-Earners Revenue

Occupancy

80%

Middle-Earners Occupancy

Home Value

$576,133

Median Home Sale Price

Top Earners

$194,432

Top-Earners Revenue

Waianae

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Waianae.

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C

Challenging to Investors

Waianae Regulations

STRs are technically legal in Waianae but heavily constrained by strict zoning restrictions, allowing operations only in resort zones (primarily Makaha) or grandfathered properties, while most residential areas are prohibited with 30+ day minimums. The regulatory environment requires multiple registrations (STR certificate, tax IDs, compliance documentation), has strict occupancy limits and operational rules, and features active enforcement with significant fines ($1,000-$10,000/day), creating substantial compliance burden that limits investment opportunities.

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About Waianae

Waianae is a small coastal community on the leeward western shore of Oahu, located within the City and County of Honolulu in the state of Hawaii. With a population of roughly 13,000 residents, it sits at the foot of the dramatic Waianae Mountain Range and serves as the cultural and practical hub for the surrounding leeward coast communities, including Nanakuli, Maili, and Makaha. The area carries a laid-back, small-town Hawaiian character that contrasts with the more developed resort corridors of Waikiki and Ko Olina, and it functions as a gateway to some of Oahu's most unspoiled coastline, including remote beaches, arid valley trails, and the rugged northwestern tip of the island. Honolulu, the state capital and nearest major city, lies approximately 35 miles to the southeast, a drive of roughly 45 to 60 minutes depending on traffic over the H-1 freeway and through the Pali or Likelike corridors.

Kaena Point marks the northwestern tip of Oahu and is one of the island's most remote and wild stretches of coastline. The point is reached via a roughly 3.5-mile coastal trail from the Waianae side, taking most hikers about 90 minutes to two hours one way, and offers dramatic ocean views, tide pools, and the chance to spot Hawaiian monk seals and nesting seabirds within a designated Natural Area Reserve.

Makaha Beach Park, just a few minutes south of central Waianae, is one of the most celebrated big-wave surf breaks in Hawaii and has hosted international surfing competitions for decades. The golden crescent of sand is equally appealing to non-surfers, with clear turquoise water, shaded park areas, and excellent snorkeling along the rocky edges, making it a quintessential Oahu beach experience.

The Waianae Mountain Range rises steeply behind the town, and trails such as the Kuaokala Trail offer visitors a chance to explore the drier, more rugged side of the island. The trailhead is roughly 15 minutes inland from Waianae, and the ridge-top path leads to sweeping views of the leeward coast, the Pacific, and on clear days the neighboring islands of Molokai and Lanai across the channel.

For prospective short-term rental owners, Waianae offers a compelling combination of relative affordability compared to South Shore Oahu, an authentic sense of place rooted in Native Hawaiian and local culture, and direct access to some of the island's most striking natural scenery. Guests who choose to stay here are typically drawn to outdoor adventure, uncrowded beaches, and a slower pace than Honolulu or Waikiki, all within a manageable drive of the island's main urban centers, Pearl Harbor, and the resort corridor of Ko Olina.

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