Performance indicators for the Makawao short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Makawao.
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Challenging to Investors
STRs are allowed but split into paths: apartment/hotel‑zoned units can operate without STRH permits but face a pending Bill 9 phase‑out risk by 2028/2030, and single‑family/ohana units are capped at a tight 15 STRH permits for the Makawao‑Pukalani‑Kula region with moderate permitting and compliance. Combined with evolving policy and tax/advertising obligations, the setting is challenging for investors.
Local STR Agent
STR specialist · Makawao, HI
Makawao is a census-designated place (CDP) in Maui County, Hawaiʻi, United States. The population was 7,297 at the 2020 census. Located on the rural northwest slope of Haleakalā, the community is known for being the hub of Upcountry Maui, a part of the island dominated by mostly agriculture and ranch land. Makawao Forest Reserve is to the east-northeast.