Hawaii Kai, Honolulu, HI—96819
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Hawaii Kai, Honolulu, HI
As of Oct '25, the median home price in Hawaii Kai, Honolulu, HI is $1,032,000, with a year-over-year change of -1.2%. This indicates that home prices in Hawaii Kai, Honolulu, 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 | $1,032,000 | -1.2% |
| Single Family | $1,071,000 | -0.6% |
| Condos | $518,000 | -3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
| 1 Bed | N/A | N/A |
| 2 Bed | $468,000 | -2.9% |
| 3 Bed | $941,000 | -1.6% |
| 4 Bed | $1,068,000 | 0.1% |
| 5 Bed | $1,133,000 | -0.5% |
% of Housing Stock
Rental Trends — Hawaii Kai, Honolulu, HI
As of July '25, Rentcast reports the average rent in Hawaii Kai, Honolulu, HI is $2,490, with a year-over-year rent change of 3.8%. Per bedroom, the median rent as of July '25 in Hawaii Kai, Honolulu, HI is studios: $1,340, 1-bedrooms: $2,230, 2-bedrooms: $2,200, 3-bedrooms: $3,030, 4-bedrooms: $3,170. The most common rental property sizes in Hawaii Kai, Honolulu, HI are 2-bedroom and 3-bedroom, accounting for 37.0% and 23.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,500 | $2,490 |
| Studio Rent | $1,380 | $1,340 |
| 1 Bed Rent | $2,000 | $2,230 |
| 2 Bed Rent | $2,000 | $2,200 |
| 3 Bed Rent | $3,000 | $3,030 |
| 4 Bed Rent | $3,200 | $3,170 |
% of Rental Stock
Property Listings — Hawaii Kai, Honolulu, HI
As of Oct '25, Realtor.com reports that the median days on market for a home in Hawaii Kai, Honolulu, HI is 78. This is a increase of 8.0% 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 13.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
| Median Listing Price | $1,050,000 | 10.0% |
| Listing Count | 46 | -15.0% |
| Listings as % of Homes | 0.3% | -15.0% |
| Days on Market | 78 | 8.0% |
Demographics — Hawaii Kai, Honolulu, HI
As of the latest ACS Survey released in 2023, Hawaii Kai, Honolulu, HI has a population of 52,000, which has decreased by -3.6% over the past 5 years. Hawaii Kai, Honolulu, HI is a moderately popular place for families, as children make up 20.9% of the population. The area has a poorly educated workforce, with 22.5% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
| Population | 52,000 | -3.6% |
| % Under 18 | 20.9% | -3.7% |
| % Seniors | 17.8% | 13.4% |
| % WFH | 5.6% | 115.4% |
| % w/ College Degree | 22.5% | 23.0% |
As of the latest ACS Survey released in 2023, Hawaii Kai, Honolulu, HI is a predominantly asian area, with 59.7% of the population identifying as asian. The asian population has grown by 1.9% in the last 5 years. The second most common race or ethnicity in Hawaii Kai, Honolulu, HI is white, making up 7.3% of the population. Foreign-born residents account for 37.0% of the population in Hawaii Kai, Honolulu, HI, and this percentage has increased by 9.5% 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 | 7.3% | 5.8% |
| % Black | 1.4% | 7.7% |
| % Hispanic | 5.9% | -39.8% |
| % Asian | 59.7% | 1.9% |
| % Foreign Born | 37.0% | 9.5% |
Mortgage and Risk — Hawaii Kai, Honolulu, HI
According to HUD data as of 2023, there were 203 mortgage originations in Hawaii Kai, Honolulu, HI, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 48.0%, with 9.0% above 90% LTV (normal). This implies small mortgage risk in Hawaii Kai, Honolulu, HI. Investor activity is low, as 9.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
| Total Loan Originations | 203 |
| % Conventional Loans | 91.0% |
| % Government Loans | 9.0% |
| % Investor Loans | 9.0% |
| % Second Loans | 3.0% |
| % Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Hawaii Kai, Honolulu, HI
As of 2024, the percent of homes in Hawaii Kai, Honolulu, HI under the Section 8 program is 9.7%. 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. 2-bedroom and 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Hawaii Kai, Honolulu, HI, because HUD payments exceed market rent, while 1-bedroom units do not.
Section 8 Market Size
| Total Units under HUD | 1,224 |
| Total Units Section 8 | 677 |
| % Rentals under Section 8 | 9.7% |
| % Occupied Section 8 | 76.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$240 | $2,000 | $1,760 |
| 2 Bedroom | $300 | $2,000 | $2,300 |
| 3 Bedroom | $220 | $3,000 | $3,220 |
| 4 Bedroom | $660 | $3,200 | $3,860 |
Affordability — Hawaii Kai, Honolulu, HI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 10.5 |
| Median Home Price | $1,032,000 |
| Median Household Income | $96,300 |