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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 12,702 people, 3,618 houses or apartments, and a median cost of homes of $1,059,412, 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 39.71% of the town's housing units. Other types of housing that are prevalent in Lahaina include large apartment complexes or high rise apartments ( 27.94%), duplexes, homes converted to apartments or other small apartment buildings ( 20.18%), and a few row houses and other attached homes ( 12.17%).
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 ( 27.17%). A lesser amount of the housing stock also hails from between 2000 and later ( 18.14%). There's also some housing in Lahaina built before 1939 ( 2.11%).
Vacant housing appears to be an issue in Lahaina. Fully 15.98% 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.
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 104.60% over the last ten years, which is an average annual home appreciation rate of 7.42%, putting Lahaina in the top 20% 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.
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 20.08%, which is higher than appreciation rates in 83.17% 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 1.50%, which equates to an annual appreciation rate of 6.15%.
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.
Very High for Nation
Very High for HI