Waianae, HI—96792
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Waianae, HI
As of Oct '25, the median home price in Waianae, HI is $570,000, with a year-over-year change of -4.9%. This indicates that home prices in Waianae, 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 | $570,000 | -4.9% |
| Single Family | $623,000 | -5.3% |
| Condos | $249,000 | -8.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $230,000 | -11.2% |
2 Bed | $291,000 | -9.1% |
3 Bed | $601,000 | -4.8% |
4 Bed | $667,000 | -4.7% |
| 5 Bed | $803,000 | -4.4% |
% of Housing Stock
Rental Trends — Waianae, HI
As of July '25, Rentcast reports the average rent in Waianae, HI is $2,450, with a year-over-year rent change of 2.1%. Per bedroom, the median rent as of July '25 in Waianae, HI is studios: $1,420, 1-bedrooms: $1,970, 2-bedrooms: $2,020, 3-bedrooms: $2,830, 4-bedrooms: $3,180. The most common rental property sizes in Waianae, HI are 3-bedroom and 2-bedroom, accounting for 33.5% and 24.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,200 | $2,450 |
| Studio Rent | $1,300 | $1,420 |
| 1 Bed Rent | $1,800 | $1,970 |
| 2 Bed Rent | $2,000 | $2,020 |
| 3 Bed Rent | $2,600 | $2,830 |
| 4 Bed Rent | $3,200 | $3,180 |
% of Rental Stock
Property Listings — Waianae, HI
As of Oct '25, Realtor.com reports that the median days on market for a home in Waianae, HI is 82. This is a increase of 9.0% 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 | $478,000 | -20.0% |
Listing Count | 259 | 13.0% |
| Listings as % of Homes | 1.3% | 13.0% |
Days on Market | 82 | 9.0% |
Demographics — Waianae, HI
As of the latest ACS Survey released in 2023, Waianae, HI has a population of 49,900, which has remained stable by -0.5% over the past 5 years. Waianae, HI is a popular place for families, as children make up 30.6% of the population. The area has a poorly educated workforce, with 15.8% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 49,900 | -0.5% |
% Under 18 | 30.6% | 4.4% |
% Seniors | 13.5% | 12.5% |
% WFH | 6.6% | 120.0% |
% w/ College Degree | 15.8% | 9.7% |
As of the latest ACS Survey released in 2023, Waianae, HI is a predominantly hispanic area, with 13.2% of the population identifying as hispanic. The hispanic population has shrunk by 29.8% in the last 5 years. The second most common race or ethnicity in Waianae, HI is asian, making up 10.4% of the population. Foreign-born residents account for 8.8% of the population in Waianae, HI, and this percentage has increased by 6.0% 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 | 9.5% | 4.4% |
% Black | 2.5% | 127.3% |
% Hispanic | 13.2% | -29.8% |
% Asian | 10.4% | -13.3% |
% Foreign Born | 8.8% | 6.0% |
Mortgage and Risk — Waianae, HI
According to HUD data as of 2023, there were 544 mortgage originations in Waianae, HI, of which 58.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 40.0% above 90% LTV (very high). This implies large mortgage risk in Waianae, HI. Investor activity is low, as 5.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 544 |
% Conventional Loans | 58.0% |
% Government Loans | 42.0% |
% Investor Loans | 5.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Waianae, HI
As of 2024, the percent of homes in Waianae, HI under the Section 8 program is 25.4%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Waianae, HI, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,499 |
Total Units Section 8 | 1,202 |
% Rentals under Section 8 | 25.4% |
% Occupied Section 8 | 77.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $0 | $1,800 | $1,800 |
| 2 Bedroom | $360 | $2,000 | $2,360 |
| 3 Bedroom | $710 | $2,600 | $3,310 |
| 4 Bedroom | $760 | $3,200 | $3,960 |
Affordability — Waianae, HI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7 |
| Median Home Price | $570,000 |
| Median Household Income | $83,900 |