Wailuku, HI—96793
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Wailuku, HI
As of Oct '25, the median home price in Wailuku, HI is $920,000, with a year-over-year change of -5.3%. This indicates that home prices in Wailuku, HI 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 | $920,000 | -5.3% |
| Single Family | $999,000 | -5.1% |
| Condos | $583,000 | -10.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $411,000 | -11.6% |
2 Bed | $608,000 | -8.3% |
3 Bed | $949,000 | -5.6% |
4 Bed | $1,117,000 | -5.3% |
| 5 Bed | $1,168,000 | -4.0% |
% of Housing Stock
Rental Trends — Wailuku, HI
As of July '25, Rentcast reports the average rent in Wailuku, HI is $3,360, with a year-over-year rent change of -9.2%. Per bedroom, the median rent as of July '25 in Wailuku, HI is studios: $1,400, 1-bedrooms: $2,130, 2-bedrooms: $3,260, 3-bedrooms: $4,360, 4-bedrooms: $4,930. The most common rental property sizes in Wailuku, HI are 2-bedroom and 3-bedroom, accounting for 25.4% and 24.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,000 | $3,360 |
| Studio Rent | $1,400 | $1,400 |
| 1 Bed Rent | $2,100 | $2,130 |
| 2 Bed Rent | $2,900 | $3,260 |
| 3 Bed Rent | $4,500 | $4,360 |
| 4 Bed Rent | $4,800 | $4,930 |
% of Rental Stock
Property Listings — Wailuku, HI
As of Oct '25, Realtor.com reports that the median days on market for a home in Wailuku, HI is 81. This is a increase of 28.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $992,000 | 0.0% |
Listing Count | 154 | 23.0% |
| Listings as % of Homes | 0.6% | 23.0% |
Days on Market | 81 | 28.0% |
Demographics — Wailuku, HI
As of the latest ACS Survey released in 2023, Wailuku, HI has a population of 32,600, which has decreased by -1.3% over the past 5 years. Wailuku, HI is a moderately popular place for families, as children make up 24.2% of the population. The area has a moderately educated workforce, with 29.4% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 32,600 | -1.3% |
% Under 18 | 24.2% | -0.4% |
% Seniors | 18.3% | 28.9% |
% WFH | 5.1% | 34.2% |
% w/ College Degree | 29.4% | 25.6% |
As of the latest ACS Survey released in 2023, Wailuku, HI is a predominantly asian area, with 34.4% of the population identifying as asian. The asian population has grown by 20.7% in the last 5 years. The second most common race or ethnicity in Wailuku, HI is white, making up 16.2% of the population. Foreign-born residents account for 13.7% of the population in Wailuku, HI, and this percentage has decreased by 9.3% 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 | 16.2% | -12.9% |
% Black | 1.2% | 0.0% |
% Hispanic | 8.8% | -25.4% |
% Asian | 34.4% | 20.7% |
% Foreign Born | 13.7% | -9.3% |
Mortgage and Risk — Wailuku, HI
According to HUD data as of 2023, there were 387 mortgage originations in Wailuku, HI, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Wailuku, HI. Investor activity is low, as 2.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 387 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Wailuku, HI
As of 2024, the percent of homes in Wailuku, HI under the Section 8 program is 16.8%. 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. In Wailuku, HI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 668 |
Total Units Section 8 | 463 |
% Rentals under Section 8 | 16.8% |
% Occupied Section 8 | 97.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$520 | $2,100 | $1,580 |
| 2 Bedroom | -$830 | $2,900 | $2,070 |
| 3 Bedroom | -$1,720 | $4,500 | $2,780 |
| 4 Bedroom | -$1,590 | $4,800 | $3,210 |
Affordability — Wailuku, HI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.4 |
| Median Home Price | $920,000 |
| Median Household Income | $104,000 |