Waipahu, HI—96797
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Waipahu, HI
As of Oct '25, the median home price in Waipahu, HI is $846,000, with a year-over-year change of -1.7%. This indicates that home prices in Waipahu, 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 | $846,000 | -1.7% |
| Single Family | $915,000 | -1.6% |
| Condos | $481,000 | -4.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $379,000 | -6.0% |
2 Bed | $499,000 | -5.1% |
3 Bed | $890,000 | -2.1% |
4 Bed | $987,000 | -1.9% |
| 5 Bed | $1,084,000 | -0.7% |
% of Housing Stock
Rental Trends — Waipahu, HI
As of July '25, Rentcast reports the average rent in Waipahu, HI is $2,710, with a year-over-year rent change of 3.8%. Per bedroom, the median rent as of July '25 in Waipahu, HI is studios: $1,720, 1-bedrooms: $1,930, 2-bedrooms: $2,350, 3-bedrooms: $3,460, 4-bedrooms: $4,040. The most common rental property sizes in Waipahu, HI are 2-bedroom and 3-bedroom, accounting for 50.1% and 26.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,710 |
| Studio Rent | $1,700 | $1,720 |
| 1 Bed Rent | $1,850 | $1,930 |
| 2 Bed Rent | $2,400 | $2,350 |
| 3 Bed Rent | $3,520 | $3,460 |
| 4 Bed Rent | $4,000 | $4,040 |
% of Rental Stock
Property Listings — Waipahu, HI
As of Oct '25, Realtor.com reports that the median days on market for a home in Waipahu, HI is 57. This is a decrease of 0.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 26.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $530,000 | -35.0% |
Listing Count | 137 | 30.0% |
| Listings as % of Homes | 0.4% | 30.0% |
Days on Market | 57 | 0.0% |
Demographics — Waipahu, HI
As of the latest ACS Survey released in 2023, Waipahu, HI has a population of 72,700, which has decreased by -2.1% over the past 5 years. Waipahu, HI is a moderately popular place for families, as children make up 20.1% of the population. The area has a poorly educated workforce, with 24.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 72,700 | -2.1% |
% Under 18 | 20.1% | -7.4% |
% Seniors | 20.1% | 27.2% |
% WFH | 5.3% | 103.8% |
% w/ College Degree | 24.6% | -0.8% |
As of the latest ACS Survey released in 2023, Waipahu, HI is a predominantly asian area, with 63.0% of the population identifying as asian. The asian population has grown by 0.5% in the last 5 years. The second most common race or ethnicity in Waipahu, HI is hispanic, making up 6.9% of the population. Foreign-born residents account for 32.3% of the population in Waipahu, HI, and this percentage has decreased by 4.4% 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 | 4.7% | -24.2% |
% Black | 0.9% | -30.8% |
% Hispanic | 6.9% | -10.4% |
% Asian | 63.0% | 0.5% |
% Foreign Born | 32.3% | -4.4% |
Mortgage and Risk — Waipahu, HI
According to HUD data as of 2023, there were 205 mortgage originations in Waipahu, HI, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 51.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Waipahu, HI. Investor activity is low, as 5.0% 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 | 205 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 5.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Waipahu, HI
As of 2024, the percent of homes in Waipahu, HI under the Section 8 program is 10.5%. 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. 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Waipahu, HI, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 715 |
Total Units Section 8 | 651 |
% Rentals under Section 8 | 10.5% |
% Occupied Section 8 | 82.7% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$10 | $1,850 | $1,840 |
| 2 Bedroom | $10 | $2,400 | $2,410 |
| 3 Bedroom | -$140 | $3,520 | $3,380 |
| 4 Bedroom | $50 | $4,000 | $4,050 |
Affordability — Waipahu, HI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.7 |
| Median Home Price | $846,000 |
| Median Household Income | $110,000 |