The typical owner-occupied home in Wailuku is worth about $855,700, about the same as the Hawaii median of $839,100 and 2.6 times the national median of $332,700. Owners pay a median $1,251 a year in property taxes, about 0.15% of their home's value, lower than the Hawaii rate of 0.27%. The median household earns $102,942 a year, so the median home costs 8.3 times the median income (8.4 times for Hawaii). 71% of occupied homes here are lived in by their owners, and 66% of those owners still have a mortgage.
Wailuku at a glance
| Wailuku | Hawaii | U.S. | |
|---|---|---|---|
| Median home value | $855,700 | $839,100 | $332,700 |
| Median property tax paid per year | $1,251 | $2,239 | $3,119 |
| Property tax as a share of value | 0.15% | 0.27% | 0.94% |
| Median household income | $102,942 | $100,389 | $80,734 |
| Homes lived in by their owners | 71% | 63% | 65% |
| Owner homes with a mortgage | 66% | 63% | 61% |
| Median monthly costs, owners with a mortgage | $2,793 | $2,904 | $1,963 |
| Those costs as a share of the owners' income | 24.1% | 25.7% | 21.0% |
| Median rent | $1,762 | $1,971 | $1,413 |
| Rent as a share of renters' income | 37.2% | 33.2% | 30.6% |
| Median year homes were built | 1987 | 1980 | 1980 |
| Vacant homes | 11.5% | 13.3% | 10.1% |
| Population | 16,926 | 1,445,235 | 334,922,499 |
What a typical home costs per month in Wailuku
At this week's average 30-year rate of 7.11%, buying the median Wailuku home of $855,700 with 20% down costs about $5,069 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,632, 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 $217,225 for the 20%-down payment. That payment is 59% of the median Wailuku household income of $102,942; at that income and 20% down, the 28% guideline points to a home of about $406,000.
The median rent here is $1,762 a month, so owning the median home costs about $3,307 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $171,140 |
|---|---|
| Loan amount | $684,560 |
| Principal and interest | $4,605 |
| Property taxes (0.15% a year) | $107 |
| Homeowners insurance (our estimate, 0.5% a year) | $357 |
| PMI | $0 |
| Total per month | $5,069 |
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| Down payment | $29,950 |
|---|---|
| Loan amount | $840,201 |
| Principal and interest | $5,652 |
| Property taxes (0.15% a year) | $107 |
| Homeowners insurance (our estimate, 0.5% a year) | $357 |
| FHA mortgage insurance | $516 |
| Total per month | $6,632 |
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Questions about home buying in Wailuku
What is the median home value in Wailuku?
About $855,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Wailuku?
Homeowners pay a median $1,251 a year, which is about 0.15% 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 Wailuku?
For the median home with 20% down at 7.11%, the payment is about $5,069 a month. Keeping that under 28% of gross income takes about $217,225 a year.
More about Wailuku
- Mortgage Refinance in Wailuku
- Debt Relief in Wailuku
- Home Equity Loans in Wailuku
- 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