Waianae, HI Airbnb Market Data, Statistics, and Occupancy Rates

Waianae Short-Term Rental Market Overview

Waianae delivers an ROI score of 83 out of 100, earning a Standout Opportunity designation driven by above-average revenue-to-price ratios, stable occupancy, and positive market growth trends. With an average annual revenue of $93,360 against average home values of $761,840, this Leeward Coast market on Oahu offers investors a compelling entry point well below Hawaii's typical price tiers while still generating meaningful rental income. The average daily rate of $406 sits significantly under the $709 state average, yet occupancy holds firm at 65%, suggesting strong organic demand from travelers seeking an authentic, less-touristy Hawaiian experience.

Key Market Statistics

According to Rabbu market data, the Waianae short-term rental market shows:

Data sources: Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026.

Why Investors Consider Waianae

Waianae attracts investors with its below-state-average acquisition costs, healthy revenue potential, and the enduring pull of Hawaii's year-round travel demand.

Expert Market Assessment

"Waianae presents a strong opportunity for STR investors who can navigate Hawaii's regulatory environment and the market's rapidly growing supply. The seasonal revenue curve is relatively gentle — the gap between the peak month (August at $8,990) and the softest month (November at $6,663) is only about 26%, which translates to more predictable cash flow compared to many mainland vacation markets. Three- and four-bedroom properties stand out as the clear workhorses, commanding RevPAN figures of $353 and $346 respectively, far ahead of smaller units. The main consideration is the below-average supply/demand balance, reflecting 89% year-over-year growth in active listings, which warrants monitoring to ensure the market doesn't become oversaturated."

— Rabbu Market Analysis Team

Key Airbnb Metrics & Trends in Waianae

Average revenue by month in Waianae

Waianae shows a moderate seasonal pattern with August ($8,990) and July ($8,893) leading as peak months, while November ($6,663) and October ($6,783) mark the softest periods. The spread between peak and trough is roughly $2,300, or about 26%, indicating relatively stable year-round revenue compared to more seasonal vacation markets.

Active Airbnb listings by property size in Waianae

One-bedroom units dominate the supply landscape with 63 of the 170 active listings, followed by 4-bedrooms (45) and 3-bedrooms (39). Two-bedroom properties are notably underrepresented at just 9 listings, though their lower occupancy rate of 46% suggests limited demand for that configuration rather than an untapped opportunity.

Average daily rate (ADR) by property size in Waianae

ADR climbs sharply with property size, jumping from $199 for studios to $503 for 3-bedrooms and $579 for 4-bedrooms. The steepest premium appears between 2-bedroom ($242) and 3-bedroom ($503) properties, suggesting that the larger family and group configurations command outsized nightly rates on the Leeward Coast.

Average RevPAN by property size in Waianae

Three-bedroom properties deliver the strongest RevPAN at $353, edging out 4-bedrooms at $346, while studios ($141) and 1-bedrooms ($146) cluster together at significantly lower levels. Two-bedroom units trail the field at $112 RevPAN, reflecting their notably lower occupancy rate pulling down otherwise decent daily rates.

Average occupancy rates by property size in Waianae

Studios (71%) and 3-bedroom homes (70%) achieve the highest occupancy in Waianae, while 1-bedrooms hold steady at 68% and 4-bedrooms come in at 60%. Two-bedroom properties lag significantly at 46%, which investors should weigh carefully against their modest ADR premium over 1-bedroom units.

Average monthly revenue by property size in Waianae

Four-bedroom properties lead in monthly revenue at $12,325, closely followed by 3-bedrooms at $11,219 — both roughly triple what studios ($4,331) and 1-bedroom units ($3,615) generate. The gap between small and large configurations underscores the outsized earning power of properties that accommodate families and groups in this market.

Average annual revenue by property size in Waianae

Annualized, 4-bedroom homes produce the highest returns at $147,908, with 3-bedrooms close behind at $134,633, while studios, 1-bedrooms, and 2-bedrooms all cluster in the $43K–$52K range. For investors targeting maximum revenue, larger properties clearly offer the best return potential, though acquisition and maintenance costs will naturally be higher.

Most common amenities for Airbnb listings in Waianae

Kitchens (99%), parking (97%), washers (96%), and self check-in (95%) are near-universal in Waianae listings, establishing a high baseline of guest expectations. Outdoor-oriented amenities like BBQ grills (74%), pools (69%), and beach access (42%) are also common, reflecting the market's appeal as a laid-back, outdoor-lifestyle destination where these features likely influence booking decisions.

Understanding Waianae's ROI Score: 83/100

Rabbu's ROI Score is a proprietary metric that evaluates short-term rental investment potential based on multiple factors.

How the ROI Score is Calculated

What This Means for Investors

Waianae's ROI score of 83 out of 100 places it firmly in the Standout Opportunity tier, buoyed by above-average marks in revenue-to-price ratio, occupancy stability, and market growth trend. The one area of caution is the below-average supply/demand balance, reflecting rapid year-over-year growth in listings (89%) that could put downward pressure on rates and occupancy if demand doesn't keep pace. Pairing this score with thorough research into Honolulu County's evolving STR regulations will help investors assess whether the numbers on screen translate to a viable on-the-ground investment.

Short-Term Rental Regulations in Waianae

Understanding local STR regulations is essential before investing in Waianae. Here's the current regulatory landscape:

Permit Requirements

Short-term rental operators in Waianae, located within Honolulu County, Hawaii, are generally required to obtain the appropriate permits or registrations before listing a property. Investors should verify current permit requirements with the City and County of Honolulu's Department of Planning and Permitting, as regulations for STRs on Oahu have been subject to significant changes in recent years.

Key Restrictions

Common restrictions in Hawaii's STR landscape include caps on the number of permits issued, minimum stay requirements, limits on occupancy relative to property size, and noise and parking regulations. HOA rules can also impose additional restrictions, and certain residential zoning areas may have prohibitions on transient vacation rentals, so due diligence on the specific property and neighborhood is essential.

Tax Obligations

Short-term rental hosts in Hawaii are typically subject to the state's Transient Accommodations Tax (TAT) and General Excise Tax (GET), along with any applicable county surcharges. Major booking platforms often collect and remit some of these taxes on behalf of hosts, but operators should confirm their full tax obligations with the Hawaii Department of Taxation.

Regulations subject to change. Always verify with local authorities before purchasing. A Rabbu partner agent specializing in Waianae can provide current regulatory guidance.

Future Outlook & Long-Term Forecast

"Over the next 12–18 months, Waianae's STR market is expected to benefit from continued interest in alternative Hawaiian destinations outside Waikiki and the resort corridors. Seasonal data points to sustained summer peaks — August leads at $8,990 in average monthly revenue — with winter months like January and February also performing well above $8,400, indicating a softer shoulder season rather than a true trough. Investors can reasonably anticipate occupancy hovering in the 63–67% range, with ADR potentially ticking up 2–4% as supply growth (89% year-over-year listing increase) gradually stabilizes. The one factor to watch is the below-average supply/demand balance score, which signals that new listings are entering the market faster than demand has scaled."

— Rabbu Market Analysis Team

Frequently asked questions about Airbnb in Waianae, HI

What is the average Airbnb occupancy rate in Waianae?

The average Airbnb occupancy rate in Waianae is currently 65%, which is just slightly below the Hawaii state average of 67%. Occupancy varies by property size, with studios leading at 71% and 3-bedroom homes close behind at 70%. Two-bedroom properties lag notably at 46%, suggesting that size may be less competitive in the current market mix.

How much do Airbnb hosts make in Waianae?

Airbnb hosts in Waianae earn an average of $7,780 per month, or approximately $93,360 per year based on trailing 12-month performance data. Revenue scales significantly with property size — 4-bedroom homes lead with an average annual revenue of $147,908, while 1-bedroom units average around $43,388. Peak months like August can push monthly revenue close to $8,990.

Is Waianae a good market for Airbnb investment?

Waianae earns an ROI score of 83 out of 100 from Rabbu, classified as a Standout Opportunity. The market benefits from an above-average revenue-to-price ratio, stable occupancy, and positive growth trends. The primary risk factor is a below-average supply/demand balance due to rapid listing growth (89% year-over-year), so investors should carefully evaluate whether the market can absorb additional supply without compressing rates or occupancy.

What is the average daily rate (ADR) for Airbnb in Waianae?

The average daily rate in Waianae is $406, which is well below the Hawaii state average of $709. ADR scales with property size, ranging from $199 for studios up to $579 for 4-bedroom homes. This lower ADR relative to the state actually works in Waianae's favor for attracting budget-conscious travelers while still producing solid revenue due to healthy occupancy levels.

Are short-term rentals legal in Waianae?

Short-term rentals in Waianae fall under the regulatory jurisdiction of the City and County of Honolulu and the State of Hawaii. Permits or registrations are generally required, and regulations have been actively evolving. Investors should consult directly with Honolulu's Department of Planning and Permitting and review any applicable zoning restrictions before purchasing or listing a property for short-term rental use.

When is peak season for Airbnb in Waianae?

Peak season in Waianae centers on the summer months, with August generating the highest average monthly revenue at $8,990, followed closely by July at $8,893. The winter holiday period also performs well, with January at $8,517 and February at $8,499. The softest months are October and November, dipping to around $6,663–$6,783, though even the low season maintains respectable revenue compared to many mainland markets.

How many Airbnbs are there in Waianae?

Waianae currently has 170 active Airbnb listings. The supply is heavily concentrated in 1-bedroom properties (63 listings) and 4-bedroom homes (45 listings), with 3-bedroom units (39 listings) also well-represented. The market has experienced significant growth, with active listings increasing 89% year over year.

How is Airbnb revenue calculated in Waianae?

The annual and monthly revenue figures shown for Waianae are derived from the trailing 12 months of historical booking performance for active comparable Airbnb listings in the market — they are not forward-looking projections. Rabbu averages each comparable listing's actual revenue per available night (RevPAN) by month over the past year, removes regional outliers, and rolls the results up to a market-level historical average. This approach anchors the figures to what hosts have actually earned recently and naturally reflects seasonal peaks and slower months because each month uses its own historical performance data. Individual results can vary based on property quality, pricing strategy, and how well the listing is operationally managed.

About Rabbu Market Data

Rabbu provides Airbnb and short-term rental market data and statistics across the United States. Our mission is to empower investors with accurate insights and easy-to-use tools, so they can confidently identify and act on the best opportunities in the Airbnb market.

What this data includes

• Regularly updated active Airbnb and STR listing counts, occupancy, and pricing metrics for Waianae and surrounding areas
• Average daily rate (ADR) and revenue per available night (RevPAN) trends across property sizes
• Monthly and annual revenue estimates based on trailing 12-month historical booking data from active comparable listings
• Supply distribution and year-over-year listing growth trends
• Home valuation benchmarks sourced from the Zillow Home Value Index (ZHVI)

Sources and disclaimers

Rabbu proprietary analytics as of Apr, 27 2026 and Zillow Home Value Index (ZHVI) as of Mar, 17 2026. Revenue projections are estimates based on comparable properties and do not guarantee future performance. Local regulations governing short-term rentals in Hawaii are subject to change; investors should verify all permit requirements and restrictions before purchasing or listing a property. Individual property results may vary significantly based on location within the market, property condition, pricing strategy, and management quality.