Makiki Heights, Honolulu, HI—96813
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Makiki Heights, Honolulu, HI
As of Oct '25, the median home price in Makiki Heights, Honolulu, HI is $656,000, with a year-over-year change of -5.9%. This indicates that home prices in Makiki Heights, Honolulu, HI are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $656,000 | -5.9% |
| Single Family | $1,016,000 | 2.1% |
| Condos | $583,000 | -6.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $449,000 | -4.5% |
2 Bed | $755,000 | -4.2% |
3 Bed | $1,039,000 | 1.2% |
4 Bed | $1,168,000 | 2.5% |
| 5 Bed | $1,280,000 | 3.9% |
% of Housing Stock
Rental Trends — Makiki Heights, Honolulu, HI
As of July '25, Rentcast reports the average rent in Makiki Heights, Honolulu, HI is $2,850, with a year-over-year rent change of -0.3%. Per bedroom, the median rent as of July '25 in Makiki Heights, Honolulu, HI is studios: $1,840, 1-bedrooms: $2,310, 2-bedrooms: $3,480, 3-bedrooms: $3,850, 4-bedrooms: $5,000. The most common rental property sizes in Makiki Heights, Honolulu, HI are 2-bedroom and 1-bedroom, accounting for 32.4% and 27.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,850 |
| Studio Rent | $1,700 | $1,840 |
| 1 Bed Rent | $2,300 | $2,310 |
| 2 Bed Rent | $3,600 | $3,480 |
| 3 Bed Rent | $3,500 | $3,850 |
| 4 Bed Rent | $5,000 | $5,000 |
% of Rental Stock
Property Listings — Makiki Heights, Honolulu, HI
As of Oct '25, Realtor.com reports that the median days on market for a home in Makiki Heights, Honolulu, HI is 72. This is a increase of 26.0% 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 7.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $714,000 | 15.0% |
Listing Count | 180 | 1.0% |
| Listings as % of Homes | 0.9% | 1.0% |
Days on Market | 72 | 26.0% |
Demographics — Makiki Heights, Honolulu, HI
As of the latest ACS Survey released in 2023, Makiki Heights, Honolulu, HI has a population of 26,100, which has increased by 3.3% over the past 5 years. Makiki Heights, Honolulu, HI is a less popular place for families, as children make up 13.9% of the population. The area has a highly educated workforce, with 48.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,100 | 3.3% |
% Under 18 | 13.9% | -18.7% |
% Seniors | 20.0% | 0.0% |
% WFH | 13.1% | 274.3% |
% w/ College Degree | 48.3% | 13.9% |
As of the latest ACS Survey released in 2023, Makiki Heights, Honolulu, HI is a predominantly asian area, with 48.7% of the population identifying as asian. The asian population has grown by 10.2% in the last 5 years. The second most common race or ethnicity in Makiki Heights, Honolulu, HI is white, making up 14.6% of the population. Foreign-born residents account for 23.3% of the population in Makiki Heights, Honolulu, HI, and this percentage has increased by 13.1% 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 | 14.6% | 5.8% |
% Black | 2.9% | 81.2% |
% Hispanic | 7.5% | -5.1% |
% Asian | 48.7% | 10.2% |
% Foreign Born | 23.3% | 13.1% |
Mortgage and Risk — Makiki Heights, Honolulu, HI
According to HUD data as of 2023, there were 262 mortgage originations in Makiki Heights, Honolulu, HI, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Makiki Heights, Honolulu, HI. Investor activity is low, as 7.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 262 |
% Conventional Loans | 85.0% |
% Government Loans | 15.0% |
% Investor Loans | 7.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 4.0% |
Loan Activity
Rentals and Section 8 — Makiki Heights, Honolulu, HI
As of 2024, the percent of homes in Makiki Heights, Honolulu, HI under the Section 8 program is 11.1%. 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 Makiki Heights, Honolulu, 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 | 906 |
Total Units Section 8 | 643 |
% Rentals under Section 8 | 11.1% |
% Occupied Section 8 | 78.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$500 | $2,300 | $1,800 |
| 2 Bedroom | -$1,240 | $3,600 | $2,360 |
| 3 Bedroom | -$190 | $3,500 | $3,310 |
| 4 Bedroom | -$1,040 | $5,000 | $3,960 |
Affordability — Makiki Heights, Honolulu, HI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 8.2 |
| Median Home Price | $656,000 |
| Median Household Income | $87,800 |