menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Waialua, HI Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Waialua, HI Housing Market Trends

With 4,062 people, 1,049 houses or apartments, and a median cost of homes of $978,904, real estate costs in Waialua 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 Waialua, accounting for 76.20% of the town's housing units. Other types of housing that are prevalent in Waialua include row houses and other attached homes ( 20.61%), duplexes, homes converted to apartments or other small apartment buildings ( 2.80%).

The most prevalent building size and type in Waialua are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.98% owning and 42.02% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Waialua's housing was primarily built during this period, from the '40s through the '60s. A full 54.63% of the town's housing hails from this era. Other housing ages represented in Waialua include homes built between 1970-1999 ( 23.08%) and housing constructed between 2000 and later ( 12.38%). There's also some housing in Waialua built before 1939 ( 9.90%).

Vacant housing appears to be an issue in Waialua. Fully 16.21% of the housing stock is classified as vacant. Left unchecked, vacant Waialua homes and apartments can be a drag on the real estate market, holding Waialua 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.

Waialua Home Appreciation Rates

Waialua's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Waialua during the period has been just 4.45%, which is lower than 80% of US communities.

Over the last year, Waialua appreciation rates have trailed the rest of the nation. In the last twelve months, Waialua's appreciation rate has been -3.44%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Waialua were at 0.83%, which equates to an annual appreciation rate of 3.36%.

Relative to Hawaii, our data show that Waialua's latest annual appreciation rate is lower than 80% of the other cities and towns in Hawaii.

Average Home Values

Median Home Value

$978,904

Waialua, HI Home Prices
> $1,127,000
$845,001 - $1,127,000
$564,001 - $845,000
$451,001 - $564,000
$338,001 - $451,000
$225,001 - $338,000
$112,001 - $225,000
$56,001 - $112,000
$0 - $56,000
27.0%
27.0%
50.1%
50.1%
17.8%
17.8%
1.9%
1.9%
0.4%
0.4%
1.8%
1.8%
0.0%
0.0%
0.9%
0.9%
0.1%
0.1%
0% 100.0%
% of Homes
High

for Hawaii

Very High

for nation

Number of Homes And Apartments:

1,049

Waialua Appreciation Rates

Rent & Ownership

Average Market Rent:

$2,789 / per month

Homeownership Rate

Owners
Renters
58.0%
58.0%
42.0%
42.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
16.2%
16.2%
83.8%
83.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
12.4%
12.4%
23.1%
23.1%
54.6%
54.6%
9.9%
9.9%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
76.2%
76.2%
20.6%
20.6%
2.8%
2.8%
0.4%
0.4%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
7.6%
7.6%
5.1%
5.1%
10.5%
10.5%
54.3%
54.3%
12.6%
12.6%
9.9%
9.9%
0% 100.0%
% of Homes

Popular Neighborhoods in Waialua

Zip Codes in Waialua, HI