Lahaina appreciation rates and housing market information

Lahaina housing market information

With 9,047 people, 3,056 houses or apartments, and a median cost of homes of $749,100, Lahaina house prices are not only among the most expensive in Hawaii, Lahaina real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Lahaina, accounting for 55.60% of the town's housing units. Other types of housing that are prevalent in Lahaina include large apartment complexes or high rise apartments (24.44%), row houses and other attached homes (12.21%), and a few duplexes, homes converted to apartments, or other small apartment buildings (7.49%).

People in Lahaina primarily live in small (one, two, or no bedroom) single-family detached homes. Lahaina has a mixture of owner-occupied and renter-occupied housing.

There is a lot of housing in Lahaina built from 1970-1994, 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 from 1940-1969 (24.44%). A lesser amount of the housing stock also hails from 1939 and earlier (8.51%), and some were built from 1995 and later (8.51%).

Vacant housing appears to be an issue in Lahaina. Fully 13.91% 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

In the last 10 years, Lahaina has experienced some of the highest home appreciation rates of any community in the nation. Lahaina real estate appreciated 153.62% over the last ten years, which is an average annual home appreciation rate of 15.36%, putting Lahaina in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lahaina definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Lahaina appreciation rates have trailed the rest of the nation. In the last twelve months, Lahaina's appreciation rate has been -4.70%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lahaina were at -1.63%, which equates to an annual appreciation rate of -6.52%.

Relative to Hawaii, our data show that Lahaina's latest annual appreciation rate is higher than 6% of the other cities and towns in Hawaii.