Waipahu, HI

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

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

Listings

7 / 37

Reliable / Active

Cap Rate

4%

Middle-Earners Gross Yield

Revenue

$34,485

Middle-Earners Revenue

Occupancy

72%

Middle-Earners Occupancy

Home Value

$867,045

Median Home Sale Price

Top Earners

$75,409

Top-Earners Revenue

Waipahu

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Waipahu.

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D

Unfriendly to Investors

Waipahu Regulations

STRs are strictly prohibited in Waipahu unless operating under a grandfathered NUC; new STRs cannot be started and violations incur fines up to $10,000/day.

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About Waipahu

Waipahu is a community of roughly 43,000 residents situated in central Oahu, within the City and County of Honolulu, Hawaii. Once the heart of the island's sugar industry, it carries a strong multi-ethnic character shaped by generations of Filipino, Japanese, Chinese, and Portuguese plantation workers, and its downtown core still reflects that heritage. Today Waipahu functions as a popular residential and commercial hub, offering shopping centers, diverse eateries, and convenient access to several of Oahu's most-visited destinations. It lies about ten miles northwest of downtown Honolulu, a drive of roughly twenty to twenty-five minutes in normal traffic.

Just south of Waipahu, Pearl Harbor anchors the southern end of the community and is one of the most-visited historic sites in the United States. The USS Arizona Memorial, the Battleship Missouri, the Pacific Fleet Submarine Museum, and the Pearl Harbor Aviation Museum together tell the story of December 7, 1941 and its aftermath. Visitors based in Waipahu can reach the visitor center in roughly ten to fifteen minutes, making it an easy half-day excursion.

Within Waipahu itself, Hawaii's Plantation Village preserves a cluster of authentic plantation-era buildings and gardens, offering guided tours that walk visitors through the daily lives of the immigrant workers who helped build the islands' sugar economy. It is a quiet, walkable stop that contrasts nicely with the busier commercial areas along Farrington Highway and provides meaningful context for the surrounding neighborhoods.

A short drive north, about fifteen to twenty minutes from Waipahu, brings travelers to Dole Plantation, where the famous Pineapple Garden Maze, the Plantation Garden Tour, and a country store draw families year-round. Continuing northwest for another twenty minutes or so leads to the North Shore, home to Haleiwa town, Waimea Bay, and the Banzai Pipeline, all of which transform into world-class surf destinations each winter. Closer to home, Ko Olina's four protected lagoons and resort pathways sit about twenty-five minutes to the west, offering calm swimming and sunset walks that appeal to travelers who want beach time without the crowds of Waikiki.

For short-term rental investors and travelers, Waipahu offers an appealing balance of affordability, authenticity, and connectivity. Its central Oahu location places guests within easy reach of Pearl Harbor, the North Shore, Ko Olina, and Honolulu's urban core, while the community's own dining, shopping, and cultural sites give a stay its own distinct flavor. Waipahu is especially well suited to visitors who want a more local, less tourist-saturated base than Waikiki while remaining a short drive from nearly everything Oahu has to offer.

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