Lahaina, HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Lahaina, HI Real Estate Data

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 Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Lahaina Housing Market Information

With a population of 12,323, 3,474 total housing units (homes and apartments), and a median house value of $737,569, 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 44.64% of the town's housing units. Other types of housing that are prevalent in Lahaina include large apartment complexes or high rise apartments ( 29.22%), duplexes, homes converted to apartments or other small apartment buildings ( 16.24%), and a few row houses and other attached homes ( 9.39%).

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 ( 23.48%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.19%). There's also some housing in Lahaina built before 1939 ( 2.05%).

Vacant housing appears to be an issue in Lahaina. Fully 16.17% 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

Lahaina's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Lahaina during the period has been just 0.25%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Lahaina's appreciation rate, at 5.91%, has been at or slightly above the national average. In the latest quarter, Lahaina's appreciation rate has been -0.78%, which annualizes to a rate of -3.10%.

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 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:
$737,569

Lahaina, HI HOME PRICES

Value Range
> $1,342,000 6.2
$1,006,001 - $1,342,000 18.2
$671,001 - $1,006,000 33.4
$536,001 - $671,000 16.1
$402,001 - $536,000 15.1
$268,001 - $402,000 5.9
$134,001 - $268,000 2.1
$67,001 - $134,000 0.9
$0 - $67,000 2.1

High for HI
Very High for Nation

Value Relative to Nation Value Relative to State
2.94306569343066 25.4545454545455

Number Of Homes And Apartments:
3,474

Lahaina Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
HI*
Compared To
America*
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
157.04% 5.16%
5
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,104 / per month

Homeownership Rate

Homeownership
Owners 43.45
Renters 56.55
Vacant 16.17

Housing Market Details

 

Age of Homes

AGE OF Lahaina HOMES
2000 or Newer 18.2
1970 - 1999 56.3
1940 - 1969 23.5
1939 or Older 2.1

Types of Homes

TYPE OF Lahaina HOMES
Single-Family 44.6
Townhomes 9.4
Small Apt. Buildings 16.2
Apt. Complexes 29.2
Mobile Homes 0.5
Other 0.0

Home Size

SIZE OF Lahaina HOMES
No Bedroom 8.20
1 Bedroom 17.91
2 Bedrooms 22.90
3 Bedrooms 34.68
4 Bedrooms 10.09
5 or more bedrooms 6.23