North Kona, HI

With big annual rental revenue potential, the North Kona area on Hawaii’s Big Island offers a range of vacation rental opportunities for everyone from families to investment buyers.

Overview

Located on the west side of Hawaii's largest island, the district of Kona consists largely of the Waiaha Springs Forest Reserve and Honua'ula Forest Reserve. Home to the annual Ironman World Championship, Kona is becoming an increasingly sought-after destination for vacation rental guests, who travel from around the globe to experience the best of the Big Island’s sun, surf, and serenity.


Insider tip

Buyers wanting to appeal to families looking for more shopping, beach activities, golf, cycling, and restaurants would be wise to consider Waikoloa Beach Resort and Mauna Lani Resort. For a lower-priced option in the Waikoloa Beach Resort area, look at Waikoloa Colony Villas, which start at around $425,000 for a two-bedroom, two-bath condo that rents for approximately 65 percent occupancy and an Average Daily Rate (ADR) of $175. Alternately, the ocean view Kolea condos have significantly higher average rates, from $275 to $450, but prices start upwards of $800,000 and range into the millions. For luxury properties, consider a unit in Mauna Lani’s Fairmont Orchid Hotel or Mauna Lani Hotel. This spectacular vacation rental region is over 100 miles away from that volcano you’ve read about in the news.

Learn more and compare North Kona with other top markets in our insider's guide to the best places to buy a vacation rental.

Market size

3,500+ rental units

Median annual rental revenue

$47,760

Median home price

$543,900

Cap rate

6.1%

*This document is for information and illustrative purposes only. It is not intended to provide “investment advice” or a “recommendation” regarding a course of action. The discussion is general in nature and has not taken into account your personal financial position or objectives. You should consult a licensed financial advisor or other professional to discuss your specific situation.

Estimated rental income figures and home sale prices are based on historical averages; for any specific property, the actual revenue, purchase price, and cap rate may differ materially from estimated amounts and depend on a wide range of factors outside Vacasa's knowledge or control, such as the property's condition, layout, and furnishings; expenses associated with the acquisition and ownership of the property (such as property taxes, utility fees, HOA fees, insurance fees, and mortgage-related expenses); rental calendar availability; existing and future regulations; current and future economic, social, and political trends and conditions; and weather and environmental factors. These estimates do not take into account the potential impact of state income taxes.

Vacasa makes no representations or warranties, express or implied, about the accuracy of this document. Furthermore, Vacasa has no obligation to update, modify or amend this document or to otherwise notify users in the event that any opinion, assumption, forecast or estimate set forth herein changes or subsequently becomes inaccurate. Therefore, you should not place undue reliance on statements in this document.

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