Makiki, Honolulu, HI—96818
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Makiki, Honolulu, HI
As of Oct '25, the median home price in Makiki, Honolulu, HI is $532,000, with a year-over-year change of -3.9%. This indicates that home prices in Makiki, Honolulu, HI are decreasing. According to Zillow, the 1-year price projection is -0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $532,000 | -3.9% |
| Single Family | $1,070,000 | -1.3% |
| Condos | $435,000 | -5.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $337,000 | -4.8% |
2 Bed | $484,000 | -4.2% |
3 Bed | $783,000 | -2.7% |
4 Bed | $1,216,000 | -0.7% |
| 5 Bed | $1,261,000 | -2.2% |
% of Housing Stock
Rental Trends — Makiki, Honolulu, HI
As of July '25, Rentcast reports the average rent in Makiki, Honolulu, HI is $2,480, with a year-over-year rent change of 3.3%. Per bedroom, the median rent as of July '25 in Makiki, Honolulu, HI is studios: $1,640, 1-bedrooms: $1,990, 2-bedrooms: $2,600, 3-bedrooms: $3,100, 4-bedrooms: $4,700. The most common rental property sizes in Makiki, Honolulu, HI are 2-bedroom and 3-bedroom, accounting for 35.0% and 32.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,480 |
| Studio Rent | $1,650 | $1,640 |
| 1 Bed Rent | $2,000 | $1,990 |
| 2 Bed Rent | $2,550 | $2,600 |
| 3 Bed Rent | $3,100 | $3,100 |
| 4 Bed Rent | $4,000 | $4,700 |
% of Rental Stock
Property Listings — Makiki, Honolulu, HI
As of Oct '25, Realtor.com reports that the median days on market for a home in Makiki, Honolulu, HI is 66. This is a increase of 34.0% 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 | $485,000 | 1.0% |
Listing Count | 127 | 48.0% |
| Listings as % of Homes | 0.2% | 48.0% |
Days on Market | 66 | 34.0% |
Demographics — Makiki, Honolulu, HI
As of the latest ACS Survey released in 2023, Makiki, Honolulu, HI has a population of 55,100, which has decreased by -7.4% over the past 5 years. Makiki, Honolulu, HI is a popular place for families, as children make up 27.7% of the population. The area has a moderately educated workforce, with 38.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 4.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 55,100 | -7.4% |
% Under 18 | 27.7% | -3.1% |
% Seniors | 12.6% | 14.5% |
% WFH | 4.6% | 70.4% |
% w/ College Degree | 38.1% | 19.1% |
As of the latest ACS Survey released in 2023, Makiki, Honolulu, HI is a predominantly asian area, with 36.0% of the population identifying as asian. The asian population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Makiki, Honolulu, HI is white, making up 26.6% of the population. Foreign-born residents account for 17.9% of the population in Makiki, Honolulu, HI, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 26.6% | -8.3% |
% Black | 6.1% | -7.6% |
% Hispanic | 12.8% | 16.4% |
% Asian | 36.0% | -2.2% |
% Foreign Born | 17.9% | 0.0% |
Mortgage and Risk — Makiki, Honolulu, HI
According to HUD data as of 2023, there were 286 mortgage originations in Makiki, Honolulu, HI, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in Makiki, Honolulu, HI. Investor activity is low, as 7.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 286 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 7.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Makiki, Honolulu, HI
As of 2024, the percent of homes in Makiki, Honolulu, HI under the Section 8 program is 2.7%. 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, Honolulu, 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 | 342 |
Total Units Section 8 | 313 |
% Rentals under Section 8 | 2.7% |
% Occupied Section 8 | 72.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $660 | $2,000 | $2,660 |
| 2 Bedroom | $940 | $2,550 | $3,490 |
| 3 Bedroom | $1,790 | $3,100 | $4,890 |
| 4 Bedroom | $1,860 | $4,000 | $5,860 |
Affordability — Makiki, Honolulu, HI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $532,000 |
| Median Household Income | $99,900 |