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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Kihei, HI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Kihei, HI Housing Market Trends

With a population of 21,423, 8,001 total housing units (homes and apartments), and a median house value of $974,248, real estate costs in Kihei are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Hawaii communities.

Large apartment complexes or high rise apartments are the single most common housing type in Kihei, accounting for 47.51% of the town's housing units. Other types of housing that are prevalent in Kihei include single-family detached homes ( 36.96%), duplexes, homes converted to apartments or other small apartment buildings ( 8.73%), and a few row houses and other attached homes ( 6.34%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.

People in Kihei primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Kihei has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Kihei built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Kihei built between 2000 and later ( 22.78%). A lesser amount of the housing stock also hails from between 1940-1969 ( 2.99%).

Vacant housing appears to be an issue in Kihei. Fully 33.56% of the housing stock is classified as vacant. Left unchecked, vacant Kihei homes and apartments can be a drag on the real estate market, holding Kihei real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Kihei Home Appreciation Rates

In the last 10 years, Kihei has experienced some of the highest home appreciation rates of any community in the nation. Kihei real estate appreciated 111.41% over the last ten years, which is an average annual home appreciation rate of 7.77%, putting Kihei in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kihei definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Kihei's appreciation rate, at 5.50%, has been at or slightly above the national average. In the latest quarter, Kihei's appreciation rate has been -5.56%, which annualizes to a rate of -20.46%.

Notably, Kihei's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Hawaii, our data show that Kihei's latest annual appreciation rate is higher than 90% of the other cities and towns in Hawaii.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Kihei differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kihei - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Kihei real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$974,248

Kihei, HI Home Prices
> $1,333,000
$999,001 - $1,333,000
$667,001 - $999,000
$533,001 - $667,000
$400,001 - $533,000
$267,001 - $400,000
$134,001 - $267,000
$67,001 - $134,000
$0 - $67,000
27.0%
27.0%
25.3%
25.3%
25.4%
25.4%
13.9%
13.9%
5.7%
5.7%
0.8%
0.8%
0.5%
0.5%
0.7%
0.7%
0.7%
0.7%
0% 100.0%
% of Homes
High

for Hawaii

Very High

for nation

Number of Homes And Apartments:

8,001

Kihei Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,252 / per month

Homeownership Rate

Owners
Renters
59.9%
59.9%
40.1%
40.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
33.6%
33.6%
66.4%
66.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
22.8%
22.8%
74.0%
74.0%
3.0%
3.0%
0.2%
0.2%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
37.0%
37.0%
6.3%
6.3%
8.7%
8.7%
47.5%
47.5%
0.5%
0.5%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.3%
4.3%
25.1%
25.1%
34.0%
34.0%
27.8%
27.8%
6.6%
6.6%
2.2%
2.2%
0% 100.0%
% of Homes

Popular Communities Near Kihei, HI

Zip Codes in Kihei, HI