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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.



Lahaina, 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

Lahaina, HI Housing Market Trends

With a population of 12,702, 3,562 total housing units (homes and apartments), and a median house value of $1,021,694, real estate costs in Lahaina 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.

Single-family detached homes are the single most common housing type in Lahaina, accounting for 41.91% of the town's housing units. Other types of housing that are prevalent in Lahaina include large apartment complexes or high rise apartments ( 25.08%), duplexes, homes converted to apartments or other small apartment buildings ( 19.38%), and a few row houses and other attached homes ( 13.34%).

The most prevalent building size and type in Lahaina are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 50.47% owning and 49.54% renting.

There is a lot of housing in Lahaina 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 Lahaina built between 1940-1969 ( 26.46%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.52%). There's also some housing in Lahaina built before 1939 ( 1.55%).

Vacant housing appears to be an issue in Lahaina. Fully 13.61% of the housing stock is classified as vacant. Left unchecked, vacant Lahaina homes and apartments can be a drag on the real estate market, holding Lahaina 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.

Lahaina Home Appreciation Rates

Appreciation rates for homes in Lahaina have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 96.34%, which ranks in the top 40% nationwide. This equates to an annual average Lahaina house appreciation rate of 6.98%.

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

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

Relative to Hawaii, our data show that Lahaina's latest annual appreciation rate is higher than 80% 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 Lahaina differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Lahaina - 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 Lahaina real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$1,021,694

Lahaina, HI Home Prices
> $1,287,000
$966,001 - $1,287,000
$644,001 - $966,000
$515,001 - $644,000
$386,001 - $515,000
$258,001 - $386,000
$128,001 - $258,000
$65,001 - $128,000
$0 - $65,000
23.0%
23.0%
34.7%
34.7%
25.7%
25.7%
8.0%
8.0%
1.4%
1.4%
0.7%
0.7%
1.3%
1.3%
2.1%
2.1%
3.0%
3.0%
0% 100.0%
% of Homes
High

for Hawaii

Very High

for nation

Number of Homes And Apartments:

3,562

Lahaina Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,300 / per month

Homeownership Rate

Owners
Renters
50.5%
50.5%
49.5%
49.5%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
13.6%
13.6%
86.4%
86.4%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
19.5%
19.5%
52.5%
52.5%
26.5%
26.5%
1.6%
1.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
41.9%
41.9%
13.3%
13.3%
19.4%
19.4%
25.1%
25.1%
0.2%
0.2%
0.1%
0.1%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
7.1%
7.1%
13.8%
13.8%
25.3%
25.3%
34.0%
34.0%
14.2%
14.2%
5.5%
5.5%
0% 100.0%
% of Homes

Popular Communities Near Lahaina, HI

Zip Codes in Lahaina, HI