Hawaii: Short-Term vs Long-Term Rental Returns

Hawaii has the highest nightly rates in the US but also the most expensive property and strictest short-term rental regulations. Most counties require permits that are capped or no longer being issued. We compare returns across the state.

Data last updated: March 2026

What Could You Earn?

Estimated gross income for a typical 3-bedroom house in Hawaii, based on median values. These are starting points. In the dashboard you can adjust everything to match your own property and circumstances.

Typical property price
$731K
Long-term rental income
$2,354/mo
before expenses
Short-term rental income
$6,621/mo
before expenses
Short-term earns roughly
$4,267/mo more
before expenses and regulations

Key Takeaways

  • Hawaii's STR regulations are among the strictest in the US. Honolulu banned most non-resort STRs in 2022, and Maui County has introduced similar restrictions.
  • Properties with existing STR permits command massive premiums, as new permits are extremely limited.
  • Long-term rental yields are modest given property prices, but capital appreciation has historically been strong.
Interested in a specific area?
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How Short-Term and Long-Term Compare by Area

Estimated monthly income for a 3-bedroom house in each area, before expenses. Click any area to see the full breakdown in the dashboard.

City / areaPriceLong-term /monthShort-term /monthShort-term rules
Honolulu County
$777K$2,736$8,764MediumView details →
Maui County
$731K$2,357$8,299LowView details →
Kauai County
$759K$2,354$6,621LowView details →
Kalawao County
$595K$2,338$5,701LowView details →
Hawaii County
$451K$1,374$5,412LowView details →

All figures are estimates based on median values for a 3-bedroom house in each area. Individual properties will vary. Use the dashboard to adjust assumptions to your own situation.

Compare Any Location

The dashboard covers 101 counties across Hawaii. Search for any area and adjust property price, rent, nightly rate, occupancy, mortgage rate, and expenses to match your investment.

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