Makawao HI

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Makawao, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Makawao Housing Market Information

With a population of 7,564, 2,403 total housing units (homes and apartments), and a median house value of $727,921, real estate costs in Makawao 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 Makawao, accounting for 90.72% of the town's housing units. Other types of housing that are prevalent in Makawao include duplexes, homes converted to apartments or other small apartment buildings ( 3.94%), row houses and other attached homes ( 2.81%), and a few large apartment complexes or high rise apartments ( 2.53%).

The most prevalent building size and type in Makawao are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.73% owning and 43.27% renting.

There is a lot of housing in Makawao 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 Makawao built between 1940-1969 ( 12.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.91%). There's also some housing in Makawao built before 1939 ( 6.47%).

Makawao Home Appreciation Rates

In the last 10 years, Makawao has experienced some of the highest home appreciation rates of any community in the nation. Makawao real estate appreciated 43.28% over the last ten years, which is an average annual home appreciation rate of 3.66%, putting Makawao in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Makawao 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, Makawao appreciation rates have trailed the rest of the nation. In the last twelve months, Makawao's appreciation rate has been 1.99%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Makawao were at 2.32%, which equates to an annual appreciation rate of 9.59%.

Relative to Hawaii, our data show that Makawao's latest annual appreciation rate is lower than 50% of the other cities and towns in Hawaii.

Average Home Values


Median Home Value:


Value Range
> $1,279,000 7.9
$959,001 - $1,279,000 14.1
$639,001 - $959,000 44.4
$512,001 - $639,000 16.1
$384,001 - $512,000 12.3
$256,001 - $384,000 1.8
$128,001 - $256,000 1.1
$64,001 - $128,000 0.4
$0 - $64,000 1.9

High for HI
Very High for Nation

Value Relative to Nation Value Relative to State
3.03649635036496 32.7272727272727

Number Of Homes And Apartments:

Makawao Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2019 Q2 - 2019 Q3
Last 12 Months:
2018 Q3 - 2019 Q3
Last 2 Years:
2017 Q3 - 2019 Q3
Last 5 Years:
2014 Q3 - 2019 Q3
Last 10 Years:
2009 Q3 - 2019 Q3
Since 2000:
2000 Q1 - 2019 Q3
155.54% 4.87%
* 10 is highest

Rent & Ownership


Average Market Rent:
$2,144 / per month

Homeownership Rate

Owners 56.73
Renters 43.27
Vacant 6.35

Housing Market Details


Age of Homes

2000 or Newer 7.9
1970 - 1999 72.8
1940 - 1969 12.9
1939 or Older 6.5

Types of Homes

Single-Family 90.7
Townhomes 2.8
Small Apt. Buildings 3.9
Apt. Complexes 2.5
Mobile Homes 0.0
Other 0.0

Home Size

No Bedroom 2.49
1 Bedroom 11.77
2 Bedrooms 31.37
3 Bedrooms 41.35
4 Bedrooms 8.07
5 or more bedrooms 4.95

Popular Neighborhoods in Makawao

Zip Codes in Makawao, HI