Imaging hyperspectral technology is becoming popular in agriculture to provide detailed information on crop growth. In this work, we propose an estimation of rapeseed pod’s water content model and identification of maturity levels (green, yellow, and full) model by using this technology. Four types of hyperspectral features are extracted—color, texture, spectral three-edge parameters, and spectral indices. By integrating these features, satisfactory results are achieved: the optimal feature combination is from spectral indices and three-edge parameters, with low RRMSE and RE for yellow maturity. Incorporating spectral indices significantly improved the pod’s water content estimation, reducing RRMSE by up to 43.30% and 30.11% in the green and full maturity stages. Random forest and support vector machine with kernel method (SVM-KM) algorithms outperformed other statistical models, with SVM-KM achieving up to 96.90% accuracy in identifying maturity levels. These findings provide valuable insights for managing rapeseed production during the pod stage.