Home Values in Waipahu, Hawaii — 2026 Market Report
Updated March 2026 | Balanced Market | +3.7% YoY
The median home value in Waipahu, Hawaii is $725,000 as of March 2026, which is above the national median of $400,000. Home values in Waipahu have increased by 3.7% over the past year and 19.9% over the last five years. With a population of 38,216 and a median household income of $72,250, the price-to-income ratio stands at 10.0x, making Waipahu affordable for the average household.
Waipahu Housing Market Conditions
| Metric | Waipahu | National Avg |
|---|---|---|
| Median Home Value | $725,000 | $400,000 |
| YoY Appreciation | +3.7% | +3.8% |
| 5-Year Appreciation | +19.9% | +22.4% |
| Price per Sq Ft | $635 | $222 |
| Days on Market | 64 days | 45 days |
| Months of Supply | 4.2 | 3.5 |
| List-to-Sale Ratio | 99.7% | 98.5% |
| Monthly Homes Sold | 22 | — |
| Foreclosure Rate | 0.57% | 0.3% |
Home Value Trends in Waipahu
A homeowner who purchased at the median price of $604,671 five years ago in Waipahu would have gained approximately $120,329 in equity, representing a 19.9% return on investment. Over the past year alone, the typical homeowner gained $25,868 in home equity.
Affordability in Waipahu, HI
With a median household income of $72,250 and a median home price of $725,000, the price-to-income ratio in Waipahu is 10.0x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $5,607 compared to estimated monthly ownership costs of $3,613 gives a rent-vs-buy ratio of 0.64. In Waipahu, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Waipahu
The effective property tax rate in Hawaii is 0.28%. On a home valued at $725,000, the estimated annual property tax bill is $2,030, or approximately $169/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Waipahu is 172.5 (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 Waipahu, HI?
The median home value in Waipahu, Hawaii is $725,000 as of March 2026. Home values have changed +3.7% over the past year, with a 5-year appreciation of 19.9%.
Is Waipahu a buyer's or seller's market?
Waipahu is currently a balanced market with 4.2 months of housing supply. Homes spend an average of 64 days on market, and the list-to-sale price ratio is 99.7%. Supply and demand are relatively balanced.
Are home values going up in Waipahu?
Yes, home values in Waipahu have increased by 3.7% over the past year. The 5-year appreciation rate is 19.9%, meaning a home worth $604,671 five years ago is now worth $725,000.
Is it better to rent or buy in Waipahu?
The average monthly rent in Waipahu is $5,607, while estimated monthly homeownership costs are approximately $3,613. The price-to-rent ratio is 10.8. Based on current conditions, buying may be more cost-effective than renting in this market.
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Disclaimer: Home value data for Waipahu, 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.