Kaneohe, Hawaii Housing Market Prices
Kaneohe Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 25% above the Hawaii median$659,633
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Median rent 13% above the Hawaii median$2,226
Housing Market Overview
| Metric | Kaneohe | Hawaii Avg | US Average |
|---|---|---|---|
| Median Home Price | $659,633 | $529,214 | $248,835 |
| Price Trend (Annual %) | 14.0% | 1.5% | 7.5% |
| Median Gross Rent | $2,226 | $1,970 | $1,407 |
| Rent Trend (Annual %) | 2.7% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kaneohe is about 25% higher than in Hawaii. Rent is about 13% higher than the Hawaii average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Kaneohe, up about 14.0% and 2.7% a year respectively. Home prices are changing faster.
Median rent in Kaneohe rose about 25.0% between 2015 and 2024, from $1,781 to $2,226. Over the same span, rent in Hawaii rose about 37.0%.
Affordability
On average, housing unit costs 5.3 yearly household incomes in Kaneohe.
Buying the median-priced home in Kaneohe costs roughly 24.7 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 Kaneohe. The price-to-rent ratio in Hawaii is about 22.4.
| Metric | Kaneohe | Hawaii Avg | US Average |
|---|---|---|---|
| Median Home Price | $659,633 | $529,214 | $248,835 |
| Median Household Income | $123,845 | $100,437 | $80,455 |
| Price-to-Income Ratio | 5.3 | 5.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Kaneohe rose about 12.4%, while median household income rose about 51.3% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Kaneohe | Hawaii Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 72.9% | 54.7% | 58.5% |
| Rental Rate | 23.2% | 32.1% | 31.2% |
| Vacancy Rate | 3.9% | 13.3% | 10.2% |
| Median Tenure (years) | 25.0 | 17.0 | 15.0 |
| Median Year Moved In | 2001 | 2009 | 2011 |
Kaneohe has a homeownership rate of 72.9%, higher than the Hawaii average of 54.7%. Its housing vacancy rate is 3.9%, compared with 13.3% in Hawaii.
Housing Stock
| Metric | Kaneohe | Hawaii Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.02 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1974 | 1982 | 1978 |
| Median Number of Rooms | 5.6 | 4.7 | 5.5 |
The typical housing unit in Kaneohe was built around 1974. On average, 3.0 people live in a home with about 5.6 rooms, staying for about 25.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Kaneohe, Hawaii.
What is the median home price in Kaneohe, Hawaii?
The median home price in Kaneohe, Hawaii is $659,633, higher than the Hawaii average of $529,214.
What is the average home price in Kaneohe, Hawaii?
The typical home price in Kaneohe, Hawaii, reported as the median sale price, is $659,633. 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 Kaneohe, Hawaii?
The median gross rent in Kaneohe, Hawaii is $2,226 per month, higher than the Hawaii average of $1,970.
What was the median gross rent in Kaneohe in 2020?
In 2020, the median gross rent in Kaneohe, Hawaii was $1,988 per month.
What is the price-to-rent ratio in Kaneohe, Hawaii?
The price-to-rent ratio in Kaneohe, Hawaii is about 24.7, meaning it would take roughly 24.7 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 Kaneohe.
Are home prices or rent rising faster in Kaneohe, Hawaii?
Both home prices and rent are rising in Kaneohe, up about 14.0% and 2.7% a year respectively. Home prices are changing faster.
What is the homeownership rate in Kaneohe, Hawaii?
72.9% of households in Kaneohe, Hawaii own their home, higher than the Hawaii average of 54.7%.
What is the vacancy rate in Kaneohe, Hawaii?
The housing vacancy rate in Kaneohe, Hawaii is 3.9%, lower than the Hawaii average of 13.3%.
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