The typical owner-occupied home in Hanalei is worth about $2,000,001, 2.4 times the Hawaii median of $839,100 and 6.0 times the national median of $332,700. Owners pay a median $5,000 a year in property taxes, about 0.25% of their home's value, lower than the Hawaii rate of 0.27%. The median household earns $123,750 a year, so the median home costs 16.2 times the median income (8.4 times for Hawaii). 70% of occupied homes here are lived in by their owners, and 46% of those owners still have a mortgage.
Hanalei at a glance
| Hanalei | Hawaii | U.S. | |
|---|---|---|---|
| Median home value | $2,000,001 | $839,100 | $332,700 |
| Median property tax paid per year | $5,000 | $2,239 | $3,119 |
| Property tax as a share of value | 0.25% | 0.27% | 0.94% |
| Median household income | $123,750 | $100,389 | $80,734 |
| Homes lived in by their owners | 70% | 63% | 65% |
| Owner homes with a mortgage | 46% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $4,001 | $2,904 | $1,963 |
| Those costs as a share of the owners' income | 43.0% | 25.7% | 21.0% |
| Median rent | $1,375 | $1,971 | $1,413 |
| Rent as a share of renters' income | 32.2% | 33.2% | 30.6% |
| Median year homes were built | 1980 | 1980 | 1980 |
| Vacant homes | 57.3% | 13.3% | 10.1% |
| Population | 272 | 1,445,235 | 334,922,499 |
What a typical home costs per month in Hanalei
At this week's average 30-year rate of 7.11%, buying the median Hanalei home of $2,000,001 with 20% down costs about $12,013 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $15,667, 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 $514,856 for the 20%-down payment. That payment is 116% of the median Hanalei household income of $123,750; at that income and 20% down, the 28% guideline points to a home of about $481,000.
The median rent here is $1,375 a month, so owning the median home costs about $10,638 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $400,000 |
|---|---|
| Loan amount | $1,600,001 |
| Principal and interest | $10,763 |
| Property taxes (0.25% a year) | $417 |
| Homeowners insurance (our estimate, 0.5% a year) | $833 |
| PMI | $0 |
| Total per month | $12,013 |
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| Down payment | $70,000 |
|---|---|
| Loan amount | $1,963,776 |
| Principal and interest | $13,210 |
| Property taxes (0.25% a year) | $417 |
| Homeowners insurance (our estimate, 0.5% a year) | $833 |
| FHA mortgage insurance | $1,206 |
| Total per month | $15,667 |
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Questions about home buying in Hanalei
What is the median home value in Hanalei?
About $2,000,001 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hanalei?
Homeowners pay a median $5,000 a year, which is about 0.25% 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 Hanalei?
For the median home with 20% down at 7.11%, the payment is about $12,013 a month. Keeping that under 28% of gross income takes about $514,856 a year.
More about Hanalei
- Mortgage Refinance in Hanalei
- Debt Relief in Hanalei
- Home Equity Loans in Hanalei
- 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