The typical owner-occupied home in Waimanalo is worth about $799,200, 5% below the Hawaii median of $839,100 and 2.4 times the national median of $332,700. Owners pay a median $2,493 a year in property taxes, about 0.31% of their home's value, higher than the Hawaii rate of 0.27%. The median household earns $116,581 a year, so the median home costs 6.9 times the median income (8.4 times for Hawaii). 74% of occupied homes here are lived in by their owners, and 68% of those owners still have a mortgage.
Waimanalo at a glance
| Waimanalo | Hawaii | U.S. | |
|---|---|---|---|
| Median home value | $799,200 | $839,100 | $332,700 |
| Median property tax paid per year | $2,493 | $2,239 | $3,119 |
| Property tax as a share of value | 0.31% | 0.27% | 0.94% |
| Median household income | $116,581 | $100,389 | $80,734 |
| Homes lived in by their owners | 74% | 63% | 65% |
| Owner homes with a mortgage | 68% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $3,638 | $2,904 | $1,963 |
| Those costs as a share of the owners' income | 26.1% | 25.7% | 21.0% |
| Median rent | $1,764 | $1,971 | $1,413 |
| Rent as a share of renters' income | 26.7% | 33.2% | 30.6% |
| Median year homes were built | 1977 | 1980 | 1980 |
| Vacant homes | 4.2% | 13.3% | 10.1% |
| Population | 6,054 | 1,445,235 | 334,922,499 |
What a typical home costs per month in Waimanalo
At this week's average 30-year rate of 7.11%, buying the median Waimanalo home of $799,200 with 20% down costs about $4,840 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,300, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $207,449 for the 20%-down payment. That payment is 50% of the median Waimanalo household income of $116,581; at that income and 20% down, the 28% guideline points to a home of about $449,000.
The median rent here is $1,764 a month, so owning the median home costs about $3,076 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $159,840 |
|---|---|
| Loan amount | $639,360 |
| Principal and interest | $4,301 |
| Property taxes (0.31% a year) | $206 |
| Homeowners insurance (our estimate, 0.5% a year) | $333 |
| PMI | $0 |
| Total per month | $4,840 |
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| Down payment | $27,972 |
|---|---|
| Loan amount | $784,724 |
| Principal and interest | $5,279 |
| Property taxes (0.31% a year) | $206 |
| Homeowners insurance (our estimate, 0.5% a year) | $333 |
| FHA mortgage insurance | $482 |
| Total per month | $6,300 |
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Questions about home buying in Waimanalo
What is the median home value in Waimanalo?
About $799,200 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Waimanalo?
Homeowners pay a median $2,493 a year, which is about 0.31% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Waimanalo?
For the median home with 20% down at 7.11%, the payment is about $4,840 a month. Keeping that under 28% of gross income takes about $207,449 a year.
More about Waimanalo
- Mortgage Refinance in Waimanalo
- Debt Relief in Waimanalo
- Home Equity Loans in Waimanalo
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data