Hawaii, HI Sees 157 Home Flips with a 2.0% Gross ROI in July 2026
Investors in Hawaii County achieved an average gross profit of $10K on these residential properties, according to BatchData's latest analysis.
County Overview
Residential real estate investing activity in Hawaii, HI (County) saw 157 homes flipped within a 12-month period leading up to July 2026. This level of activity positions Hawaii County as a significant contributor within the state, ranking #2 among Hawaii's 4 counties. The county's 157 flips represent 15.2% of the state's total of 1,036 residential flips, signaling a concentrated but not dominant share of the overall market. Nationally, the 341,944 homes flipped across the U.S. highlight the scale of investor activity in other markets, making Hawaii County's specific dynamics particularly noteworthy for those evaluating opportunities.
The financial performance of these flips in Hawaii County presents a distinctive picture. The average gross profit for a flipped home stood at $10K, coupled with an average gross ROI of 2.0%. This gross ROI, which excludes rehab, holding, and selling costs, indicates that while flips are occurring, the profit margins on the initial purchase price are relatively constrained. For investors, this suggests a market where meticulous cost management and precise execution are paramount to achieving net profitability. The average time it took to complete a flip in Hawaii County was 203 days, indicating a holding period of just under seven months before properties were resold. This turnaround time reflects the pace at which capital can be deployed and recovered in the local market.
Local Market Context
The relatively modest 2.0% average gross ROI in Hawaii County, compared to the overall national landscape of real estate flipping, suggests a unique market environment. While the specific reasons are not detailed in the data, a lower gross ROI can often be attributed to high acquisition costs, competitive bidding pushing up purchase prices, or a market that does not support substantial price appreciation within the typical flip timeframe. This contrasts with markets where higher gross ROIs might signal more significant value-add opportunities or faster-appreciating property values. For investors, understanding this dynamic is crucial for setting realistic expectations and assessing the risk-reward profile of potential projects in Hawaii County.
With 157 homes flipped, Hawaii County's activity contributes a notable portion to the state's total of 1,036 flips, yet it represents a small fraction of the national total of 341,944. This highlights the localized nature of flip activity, where regional factors heavily influence investor decisions. The average 203 days to flip suggests that properties are typically held for over six months but less than a year. This falls within the "longer hold" category of flip activity, indicating that investors are not exclusively targeting rapid, sub-six-month turnovers. This holding period might allow for more extensive renovations or strategic timing of resale to maximize returns, especially given the tighter gross profit margins.
According to BatchData's Flip Activity Report, the characteristics of flipping in Hawaii County underscore the importance of deep local market intelligence. Investors looking to engage in flipping here would benefit from comprehensive property data to identify undervalued assets, assess renovation costs accurately, and forecast resale values. Tools that offer insights into mortgage transaction data or provide automated valuation (AVM) models could be particularly valuable in a market with such a distinct risk-reward profile. The combination of a significant number of flips within the state but a relatively low gross ROI positions Hawaii County as a market requiring strategic planning and efficient operations for successful real estate investment.