Mortgage payment estimates, closing cost breakdowns, and homebuying data for Kaneohe, Hawaii.
Median Home Price
$945K
Population
35K
Avg Monthly Rent
$2,750
Property Tax Rate
0.28% *
* Property tax shown is the Hawaii state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Kaneohe.
Kaneohe vs Hawaii Median
The median home price in Kaneohe is $945,000, which is 14% above the Hawaii state median of $830,000.
Mortgage Calculator — Kaneohe, HI
Pre-filled with Kaneohe median home price and Hawaii tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $945K home using Hawaii's 0.28% tax rate and $1,200/yr insurance.
5% Down
$6,519/mo
Down: $47,250
Loan: $898K
P&I: $5,674
Tax: $221
Insurance: $100
PMI: $524
10% Down
$6,192/mo
Down: $94,500
Loan: $851K
P&I: $5,376
Tax: $221
Insurance: $100
PMI: $496
20% Down (No PMI)
$5,099/mo
Down: $189,000
Loan: $756K
P&I: $4,778
Tax: $221
Insurance: $100
Income needed (28% rule): $219K/year with 20% down, $265K/year with 10% down.
Rent vs Buy in Kaneohe
Rent
$2,750/mo
vs
Buy (10% down)
$6,192/mo
Price-to-rent ratio: 28.6 — At a ratio above 20, renting may be more economical in Kaneohe for shorter stays. Buying costs $3,442 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Kaneohe is $945,000, 14% above the Hawaii state median of $830,000. With a population of 34,597, Kaneohe is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Hawaii average 0.28% annually. This low property tax rate is a significant advantage for Kaneohe buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Hawaii runs approximately $1,200 per year. This is within the normal range nationally.
Average rent in Kaneohe is $2,750/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Kaneohe is a higher-cost market. At $945K median, buyers need significant savings or strong income. Down payment assistance through Hawaii's HHFDC Hula Mae Program program becomes especially important.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Kaneohe.