Waimea, HI—96743
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Waimea, HI
As of Oct '25, the median home price in Waimea, HI is $1,242,000, with a year-over-year change of -0.7%. This indicates that home prices in Waimea, HI are flat. According to Zillow, the 1-year price projection is 1.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,242,000 | -0.7% |
| Single Family | $1,130,000 | -1.1% |
| Condos | $1,764,000 | 1.9% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $958,000 | -4.0% |
2 Bed | $1,157,000 | -0.1% |
3 Bed | $1,106,000 | -1.5% |
4 Bed | $1,847,000 | -0.4% |
| 5 Bed | $2,964,000 | 0.6% |
% of Housing Stock
Rental Trends — Waimea, HI
As of July '25, Rentcast reports the average rent in Waimea, HI is $4,020, with a year-over-year rent change of 8.6%. Per bedroom, the median rent as of July '25 in Waimea, HI is 1-bedrooms: $1,900, 2-bedrooms: $4,170, 3-bedrooms: $4,360. The most common rental property sizes in Waimea, HI are 3-bedroom and 2-bedroom, accounting for 41.8% and 21.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,200 | $4,020 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,900 | $1,900 |
| 2 Bed Rent | $2,900 | $4,170 |
| 3 Bed Rent | $3,300 | $4,360 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Waimea, HI
As of Oct '25, Realtor.com reports that the median days on market for a home in Waimea, HI is 119. This is a increase of 46.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,460,000 | -4.0% |
Listing Count | 85 | -18.0% |
| Listings as % of Homes | 1.4% | -18.0% |
Days on Market | 119 | 46.0% |
Demographics — Waimea, HI
As of the latest ACS Survey released in 2023, Waimea, HI has a population of 13,300, which has decreased by -8.1% over the past 5 years. Waimea, HI is a moderately popular place for families, as children make up 21.8% of the population. The area has a moderately educated workforce, with 42.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 13,300 | -8.1% |
% Under 18 | 21.8% | -16.2% |
% Seniors | 25.0% | 27.6% |
% WFH | 15.4% | 214.3% |
% w/ College Degree | 42.1% | 21.3% |
As of the latest ACS Survey released in 2023, Waimea, HI is a predominantly white area, with 26.6% of the population identifying as white. The white population has shrunk by 13.9% in the last 5 years. The second most common race or ethnicity in Waimea, HI is asian, making up 20.3% of the population. Foreign-born residents account for 12.0% of the population in Waimea, HI, and this percentage has decreased by 16.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 26.6% | -13.9% |
% Black | 0.0% | -100.0% |
% Hispanic | 8.3% | 38.3% |
% Asian | 20.3% | 8.6% |
% Foreign Born | 12.0% | -16.1% |
Mortgage and Risk — Waimea, HI
According to HUD data as of 2023, there were 95 mortgage originations in Waimea, HI, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 7.0% above 90% LTV (normal). This implies small mortgage risk in Waimea, HI. Investor activity is low, as 5.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 95 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Waimea, HI
Waimea, HI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 97 |
Total Units Section 8 | 13 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $470 | $1,900 | $2,370 |
| 2 Bedroom | $150 | $2,900 | $3,050 |
| 3 Bedroom | $670 | $3,300 | $3,970 |
| 4 Bedroom | N/A | N/A | $4,440 |
Affordability — Waimea, HI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 12.5 |
| Median Home Price | $1,242,000 |
| Median Household Income | $98,200 |