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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already −8.3% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, −5.3% YoY, is the number to watch.
The median listing price is down 8.3% YoY while the median home got down 9.5% bigger, so value per square foot is up 0.5%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $395K purchase rents for $2,050/mo: 0.52% of price per month against the 1% rule's 1.00%.
Not shown: 6 BR (sale only, no matching rent), 8 BR (sale only, no matching rent).
Sales here take about 60 days longer to go under contract than rentals (median across 3 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Townhouse (rented here, not sold).
U.S. Census ACS characteristics for ZIP 96822 itself, not its parent county.
Renters hold 46.3% of this ZIP's 18,448 occupied households, on a median household income of $96K.
| Measure | ZIP 96822 | Honolulu County | Difference |
|---|---|---|---|
| Median Household Income | $96K | $106K | -$10K |
| Below Poverty Level | 10.5% | 9.2% | +1.3% |
| Median Age | 42.80 | 39.80 | +3.00 |
| Total Population | 43,747 | 1,001,146 | -- |
| Avg Household Size | 2.21 | 2.85 | -0.64 |
| Owner-Occupied | 53.7% | 59.8% | -6.1% |
| Worked From Home | 13.0% | 9.2% | +3.8% |
| Mean Commute | 21.20 | 26.70 | -5.50 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.3% to 1,001,146: residents under 18 are down 1.2% and those 65 and over are up 2.3%.
County median household income is $106K, 9.2% of residents are below the poverty level, 9.2% work from home.