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.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Maui County | Hawaii Avg | US Average |
|---|---|---|---|
| Median Home Price | $849,733 | $555,557 | $242,182 |
| Price Trend (Annual %) | 5.0% | 2.3% | 8.2% |
| Median Gross Rent | $1,863 | $1,937 | $1,342 |
| Rent Trend (Annual %) | 5.2% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Maui County is about 53% higher than in Hawaii. Rent is about 4% lower than the Hawaii average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Maui County, up about 5.0% and 5.2% a year respectively. Rent is changing faster.
Median rent in Maui County rose about 44.7% between 2015 and 2023, from $1,287 to $1,863. Over the same span, rent in Hawaii rose about 34.7%.
Affordability
On average, housing unit costs 8.9 yearly household incomes in Maui County.
Buying the median-priced home in Maui County costs roughly 38.0 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 Maui County. The price-to-rent ratio in Hawaii is about 23.9.
| Metric | Maui County | Hawaii Avg | US Average |
|---|---|---|---|
| Median Home Price | $849,733 | $555,557 | $242,182 |
| Median Household Income | $95,988 | $98,332 | $78,145 |
| Price-to-Income Ratio | 8.9 | 5.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Maui County rose about 35.7%, while median household income rose about 51.5% between 2009 and 2023 — 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 | Maui County | Hawaii Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 49.9% | 54.1% | 58.2% |
| Rental Rate | 26.9% | 32.5% | 31.3% |
| Vacancy Rate | 23.3% | 13.4% | 10.6% |
| Median Tenure (years) | 16.0 | 17.0 | 15.0 |
| Median Year Moved In | 2010 | 2009 | 2011 |
Maui County has a homeownership rate of 49.9%, lower than the Hawaii average of 54.1%. Its housing vacancy rate is 23.3%, compared with 13.4% in Hawaii.
Housing Stock
| Metric | Maui County | Hawaii Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.92 people | 2.87 people | 2.54 people |
| Median Structure Built Year | 1986 | 1981 | 1978 |
| Median Number of Rooms | 4.3 | 4.7 | 5.5 |
The typical housing unit in Maui County was built around 1986. On average, 2.9 people live in a home with about 4.3 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Maui County, Hawaii.
What is the median home price in Maui County, Hawaii?
The median home price in Maui County, Hawaii is $849,733, higher than the Hawaii average of $555,557.
What is the average home price in Maui County, 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 Maui County, Hawaii?
The median gross rent in Maui County, Hawaii is $1,863 per month, lower than the Hawaii average of $1,937.
What was the median gross rent in Maui County in 2020?
In 2020, the median gross rent in Maui County, Hawaii was $1,543 per month.
What is the price-to-rent ratio in Maui County, Hawaii?
The price-to-rent ratio in Maui County, Hawaii is about 38.0, meaning it would take roughly 38.0 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 Maui County.
Are home prices or rent rising faster in Maui County, Hawaii?
Both home prices and rent are rising in Maui County, up about 5.0% and 5.2% a year respectively. Rent is changing faster.
What is the homeownership rate in Maui County, Hawaii?
49.9% of households in Maui County, Hawaii own their home, lower than the Hawaii average of 54.1%.
What is the vacancy rate in Maui County, Hawaii?
The housing vacancy rate in Maui County, Hawaii is 23.3%, higher than the Hawaii average of 13.4%.