Lanai City—96763
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Lanai City
As of Oct '25, the median home price in Lanai City is $703,000, with a year-over-year change of -15.8%. This indicates that home prices in Lanai City are decreasing. According to Zillow, the 1-year price projection is 1.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $703,000 | -15.8% |
| Single Family | $686,000 | -16.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $622,000 | -17.7% |
3 Bed | $712,000 | -16.1% |
4 Bed | $833,000 | -13.5% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Lanai City
As of July '25, Rentcast reports the average rent in Lanai City is $2,620, with a year-over-year rent change of -31.6%. Per bedroom, the median rent as of July '25 in Lanai City is studios: $1,550, 2-bedrooms: $2,300, 3-bedrooms: $4,000. The most common rental property sizes in Lanai City are 2-bedroom and 1-bedroom, accounting for 51.5% and 18.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,300 | $2,620 |
| Studio Rent | $1,550 | $1,550 |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | $2,300 | $2,300 |
| 3 Bed Rent | $4,000 | $4,000 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Lanai City
As of Oct '25, Realtor.com reports that the median days on market for a home in Lanai City is 206. This is a increase of 235.0% 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 14.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,500,000 | 64.0% |
Listing Count | 14 | 68.0% |
| Listings as % of Homes | 0.3% | 68.0% |
Days on Market | 206 | 235.0% |
Demographics — Lanai City
As of the latest ACS Survey released in 2023, Lanai City has a population of 3,330, which has increased by 17.9% over the past 5 years. Lanai City is a moderately popular place for families, as children make up 24.8% of the population. The area has a moderately educated workforce, with 25.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,330 | 17.9% |
% Under 18 | 24.8% | 37.8% |
% Seniors | 21.4% | -8.2% |
% WFH | 6.5% | 3.2% |
% w/ College Degree | 25.6% | 3.6% |
As of the latest ACS Survey released in 2023, Lanai City is a predominantly asian area, with 49.2% of the population identifying as asian. The asian population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Lanai City is white, making up 10.3% of the population. Foreign-born residents account for 25.7% of the population in Lanai City, and this percentage has increased by 0.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 10.3% | -32.7% |
% Black | 0.0% | -100.0% |
% Hispanic | 7.1% | 24.6% |
% Asian | 49.2% | -3.7% |
% Foreign Born | 25.7% | 0.4% |
Mortgage and Risk — Lanai City
According to HUD data as of 2023, there were 25 mortgage originations in Lanai City, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 8.0% above 90% LTV (normal). This implies small mortgage risk in Lanai City. Investor activity is high, as 32.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 25 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 32.0% |
% Second Loans | 8.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Lanai City
Lanai City lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 0.3% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,540 |
| 2 Bedroom | -$370 | $2,300 | $1,930 |
| 3 Bedroom | -$1,360 | $4,000 | $2,640 |
| 4 Bedroom | N/A | N/A | $2,920 |
Affordability — Lanai City
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.1 |
| Median Home Price | $703,000 |
| Median Household Income | $79,800 |