Lahaina, HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Lahaina Neighborhoods Since 2000




Lahaina, HI Real Estate Data


Lahaina Housing Market Information

With 12,323 people, 3,472 houses or apartments, and a median cost of homes of $723,361, 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 44.14% of the town's housing units. Other types of housing that are prevalent in Lahaina include large apartment complexes or high rise apartments ( 30.81%), duplexes, homes converted to apartments or other small apartment buildings ( 17.04%), and a few row houses and other attached homes ( 7.66%).

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 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 ( 27.24%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.35%). There's also some housing in Lahaina built before 1939 ( 1.68%).

Vacant housing appears to be an issue in Lahaina. Fully 17.96% 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

Real estate appreciation rates in Lahaina's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.58% during the period.

Appreciation rates are so strong in Lahaina that despite a nationwide downturn in the housing market, Lahaina real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lahaina appreciation rates continue to be some of the highest in America, at 5.84%, which is higher than appreciation rates in 71.93% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lahaina. Lahaina appreciation rates in the latest quarter were at 0.63%, which equates to an annual appreciation rate of 2.55%.

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 lower than 70% 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:
$723,361

Lahaina, HI HOME PRICES

Value Range
> $1,342,000 6.4
$1,007,001 - $1,342,000 15.1
$671,001 - $1,007,000 34.3
$536,001 - $671,000 17.8
$402,001 - $536,000 12.7
$268,001 - $402,000 8.6
$134,001 - $268,000 4.0
$67,001 - $134,000 0.2
$0 - $67,000 0.9

High for HI
Very High for Nation

Value Relative to Nation Value Relative to State
2.62926743573227 30.7692307692308

Number Of Homes And Apartments:
3,472

Rent & Ownership

 

Average Market Rent:
$1,669 / per month

Homeownership Rate

Homeownership
Owners 48.46
Renters 51.54
Vacant 17.96

Housing Market Details

 

Age of Homes

AGE OF Lahaina HOMES
2000 or Newer 23.3
1970 - 1999 47.7
1940 - 1969 27.2
1939 or Older 1.7

Types of Homes

TYPE OF Lahaina HOMES
Single-Family 44.1
Townhomes 7.7
Small Apt. Buildings 17.0
Apt. Complexes 30.8
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Lahaina HOMES
No Bedroom 9.88
1 Bedroom 20.32
2 Bedrooms 21.67
3 Bedrooms 31.69
4 Bedrooms 10.47
5 or more bedrooms 5.98

Lahaina Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
HI*
Compared To
America*
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
131.83% 5.07% 4 10
* 10 is highest