Home Values in Kaneohe, Hawaii — 2026 Market Report
Updated March 2026 | Balanced Market | +2.9% YoY
The median home value in Kaneohe, Hawaii is $985,000 as of March 2026, which is above the national median of $400,000. Home values in Kaneohe have increased by 2.9% over the past year and 15.4% over the last five years. With a population of 34,597 and a median household income of $92,250, the price-to-income ratio stands at 10.7x, making Kaneohe affordable for the average household.
Kaneohe Housing Market Conditions
| Metric | Kaneohe | National Avg |
|---|---|---|
| Median Home Value | $985,000 | $400,000 |
| YoY Appreciation | +2.9% | +3.8% |
| 5-Year Appreciation | +15.4% | +22.4% |
| Price per Sq Ft | $743 | $222 |
| Days on Market | 73 days | 45 days |
| Months of Supply | 4 | 3.5 |
| List-to-Sale Ratio | 99.5% | 98.5% |
| Monthly Homes Sold | 32 | — |
| Foreclosure Rate | 0.55% | 0.3% |
Home Value Trends in Kaneohe
A homeowner who purchased at the median price of $853,553 five years ago in Kaneohe would have gained approximately $131,447 in equity, representing a 15.4% return on investment. Over the past year alone, the typical homeowner gained $27,760 in home equity.
Affordability in Kaneohe, HI
With a median household income of $92,250 and a median home price of $985,000, the price-to-income ratio in Kaneohe is 10.7x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $6,778 compared to estimated monthly ownership costs of $4,908 gives a rent-vs-buy ratio of 0.72. In Kaneohe, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Kaneohe
The effective property tax rate in Hawaii is 0.28%. On a home valued at $985,000, the estimated annual property tax bill is $2,758, or approximately $230/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Kaneohe is 185.5 (100 = national average), indicating living costs are above the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Kaneohe, HI?
The median home value in Kaneohe, Hawaii is $985,000 as of March 2026. Home values have changed +2.9% over the past year, with a 5-year appreciation of 15.4%.
Is Kaneohe a buyer's or seller's market?
Kaneohe is currently a balanced market with 4 months of housing supply. Homes spend an average of 73 days on market, and the list-to-sale price ratio is 99.5%. Supply and demand are relatively balanced.
Are home values going up in Kaneohe?
Yes, home values in Kaneohe have increased by 2.9% over the past year. The 5-year appreciation rate is 15.4%, meaning a home worth $853,553 five years ago is now worth $985,000.
Is it better to rent or buy in Kaneohe?
The average monthly rent in Kaneohe is $6,778, while estimated monthly homeownership costs are approximately $4,908. The price-to-rent ratio is 12.1. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Kaneohe, Hawaii is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.