Mililani, HI—96789
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Mililani, HI
As of Oct '25, the median home price in Mililani, HI is $862,000, with a year-over-year change of -1.2%. This indicates that home prices in Mililani, HI are decreasing. According to Zillow, the 1-year price projection is -0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $862,000 | -1.2% |
| Single Family | $1,001,000 | -0.8% |
| Condos | $497,000 | -4.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $375,000 | -3.4% |
2 Bed | $498,000 | -4.6% |
3 Bed | $961,000 | -0.8% |
4 Bed | $1,103,000 | -0.8% |
| 5 Bed | $1,213,000 | 0.2% |
% of Housing Stock
Rental Trends — Mililani, HI
As of July '25, Rentcast reports the average rent in Mililani, HI is $2,930, with a year-over-year rent change of 3.2%. Per bedroom, the median rent as of July '25 in Mililani, HI is studios: $1,630, 1-bedrooms: $2,040, 2-bedrooms: $2,570, 3-bedrooms: $3,550, 4-bedrooms: $4,170. The most common rental property sizes in Mililani, HI are 2-bedroom and 3-bedroom, accounting for 47.9% and 25.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,930 |
| Studio Rent | $2,000 | $1,630 |
| 1 Bed Rent | $2,000 | $2,040 |
| 2 Bed Rent | $2,500 | $2,570 |
| 3 Bed Rent | $3,400 | $3,550 |
| 4 Bed Rent | $4,000 | $4,170 |
% of Rental Stock
Property Listings — Mililani, HI
As of Oct '25, Realtor.com reports that the median days on market for a home in Mililani, HI is 64. This is a increase of 27.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $537,000 | -8.0% |
Listing Count | 160 | 9.0% |
| Listings as % of Homes | 0.5% | 9.0% |
Days on Market | 64 | 27.0% |
Demographics — Mililani, HI
As of the latest ACS Survey released in 2023, Mililani, HI has a population of 54,600, which has increased by 1.6% over the past 5 years. Mililani, HI is a moderately popular place for families, as children make up 21.2% of the population. The area has a moderately educated workforce, with 43.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 7.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 54,600 | 1.6% |
% Under 18 | 21.2% | -8.2% |
% Seniors | 19.0% | 20.3% |
% WFH | 7.9% | 192.6% |
% w/ College Degree | 43.0% | 5.4% |
As of the latest ACS Survey released in 2023, Mililani, HI is a predominantly asian area, with 49.0% of the population identifying as asian. The asian population has grown by 9.4% in the last 5 years. The second most common race or ethnicity in Mililani, HI is white, making up 11.1% of the population. Foreign-born residents account for 10.4% of the population in Mililani, HI, and this percentage has decreased by 5.5% 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 | 11.1% | -29.7% |
% Black | 1.9% | -13.6% |
% Hispanic | 10.4% | 0.0% |
% Asian | 49.0% | 9.4% |
% Foreign Born | 10.4% | -5.5% |
Mortgage and Risk — Mililani, HI
According to HUD data as of 2023, there were 246 mortgage originations in Mililani, HI, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Mililani, HI. Investor activity is low, as 3.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 246 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 3.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Mililani, HI
As of 2024, the percent of homes in Mililani, HI under the Section 8 program is 7.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Mililani, HI, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 373 |
Total Units Section 8 | 278 |
% Rentals under Section 8 | 7.2% |
% Occupied Section 8 | 78.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $110 | $2,000 | $2,110 |
| 2 Bedroom | $260 | $2,500 | $2,760 |
| 3 Bedroom | $470 | $3,400 | $3,870 |
| 4 Bedroom | $630 | $4,000 | $4,630 |
Affordability — Mililani, HI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 6.8 |
| Median Home Price | $862,000 |
| Median Household Income | $126,000 |