Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | Kahului | Hawaii Avg | US Average |
|---|---|---|---|
| Median Home Price | $351,775 | $555,557 | $242,182 |
| Price Trend (Annual %) | — | 2.3% | 8.2% |
| Median Gross Rent | $1,439 | $1,937 | $1,342 |
| Rent Trend (Annual %) | 3.6% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kahului is about 37% lower than in Hawaii. Rent is about 26% lower than the Hawaii average.
Median Home and Rent Price Trends
Median Home Prices, 2015
Median Rent Prices, 2015-2023
Median rent in Kahului rose about 33.8% between 2015 and 2023, from $1,076 to $1,439. Over the same span, rent in Hawaii rose about 34.7%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Kahului.
Buying the median-priced home in Kahului costs roughly 20.4 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Kahului. The price-to-rent ratio in Hawaii is about 23.9.
| Metric | Kahului | Hawaii Avg | US Average |
|---|---|---|---|
| Median Home Price | $351,775 | $555,557 | $242,182 |
| Median Household Income | $97,782 | $98,332 | $78,145 |
| Price-to-Income Ratio | 3.6 | 5.6 | 3.1 |
Home Prices vs Income Over Time
Occupancy & Tenure
| Metric | Kahului | Hawaii Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.9% | 54.1% | 58.2% |
| Rental Rate | 33.4% | 32.5% | 31.3% |
| Vacancy Rate | 6.7% | 13.4% | 10.6% |
| Median Tenure (years) | 16.0 | 17.0 | 15.0 |
| Median Year Moved In | 2010 | 2009 | 2011 |
Kahului has a homeownership rate of 59.9%, higher than the Hawaii average of 54.1%. Its housing vacancy rate is 6.7%, compared with 13.4% in Hawaii.
Housing Stock
| Metric | Kahului | Hawaii Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.14 people | 2.87 people | 2.54 people |
| Median Structure Built Year | 1984 | 1981 | 1978 |
| Median Number of Rooms | 4.7 | 4.7 | 5.5 |
The typical housing unit in Kahului was built around 1984. On average, 3.1 people live in a home with about 4.7 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Kahului, Hawaii.
What is the median home price in Kahului, Hawaii?
The median home price in Kahului, Hawaii is $351,775, lower than the Hawaii average of $555,557.
What is the average home price in Kahului, Hawaii?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Kahului, Hawaii?
The median gross rent in Kahului, Hawaii is $1,439 per month, lower than the Hawaii average of $1,937.
What was the median gross rent in Kahului in 2020?
In 2020, the median gross rent in Kahului, Hawaii was $1,338 per month.
What is the price-to-rent ratio in Kahului, Hawaii?
The price-to-rent ratio in Kahului, Hawaii is about 20.4, meaning it would take roughly 20.4 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Kahului.
What is the homeownership rate in Kahului, Hawaii?
59.9% of households in Kahului, Hawaii own their home, higher than the Hawaii average of 54.1%.
What is the vacancy rate in Kahului, Hawaii?
The housing vacancy rate in Kahului, Hawaii is 6.7%, lower than the Hawaii average of 13.4%.