Kihei, HI


Highest Appreciating Kihei Neighborhoods Since 2000

Kihei, HI Real Estate Data

Kihei Housing Market Information

With 21,985 people, 8,196 houses or apartments, and a median cost of homes of $628,205, 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 48.05% of the town's housing units. Other types of housing that are prevalent in Kihei include single-family detached homes ( 34.21%), duplexes, homes converted to apartments or other small apartment buildings ( 11.98%), and a few row houses and other attached homes ( 5.52%). 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 ( 20.24%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.79%).

Vacant housing appears to be an issue in Kihei. Fully 33.27% 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

Kihei's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Kihei during the period has been just -0.99%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Kihei's appreciation rate, at 5.46%, has been at or slightly above the national average. In the latest quarter, Kihei's appreciation rate has been 0.63%, which annualizes to a rate of 2.55%.

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 lower 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 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:


Value Range
> $1,347,000 4.6
$1,010,001 - $1,347,000 8.1
$673,001 - $1,010,000 26.7
$539,001 - $673,000 25.1
$404,001 - $539,000 14.9
$269,001 - $404,000 7.8
$135,001 - $269,000 11.2
$67,001 - $135,000 0.3
$0 - $67,000 1.2

Average for HI
Very High for Nation

Value Relative to Nation Value Relative to State
3.6598934239035 48.0769230769231

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$1,778 / per month

Homeownership Rate

Owners 46.64
Renters 53.36
Vacant 33.27

Housing Market Details


Age of Homes

2000 or Newer 20.2
1970 - 1999 72.3
1940 - 1969 6.8
1939 or Older 0.6

Types of Homes

Single-Family 34.2
Townhomes 5.5
Small Apt. Buildings 12.0
Apt. Complexes 48.1
Mobile Homes 0.2
Other 0.0

Home Size

No Bedroom 3.13
1 Bedroom 28.21
2 Bedrooms 32.43
3 Bedrooms 26.49
4 Bedrooms 7.11
5 or more bedrooms 2.62

Kihei Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
117.24% 4.67% 3 10
* 10 is highest