Mortgage payment estimates, closing cost breakdowns, and homebuying data for Kapaa, Hawaii.
Median Home Price
$845K
Population
11K
Avg Monthly Rent
$2,380
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 Kapaa.
Kapaa vs Hawaii Median
The median home price in Kapaa is $845,000, which is roughly in line with the Hawaii state median of $830,000.
Mortgage Calculator — Kapaa, HI
Pre-filled with Kapaa median home price and Hawaii tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $845K home using Hawaii's 0.28% tax rate and $1,200/yr insurance.
5% Down
$5,839/mo
Down: $42,250
Loan: $803K
P&I: $5,074
Tax: $197
Insurance: $100
PMI: $468
10% Down
$5,548/mo
Down: $84,500
Loan: $761K
P&I: $4,807
Tax: $197
Insurance: $100
PMI: $444
20% Down (No PMI)
$4,570/mo
Down: $169,000
Loan: $676K
P&I: $4,273
Tax: $197
Insurance: $100
Income needed (28% rule): $196K/year with 20% down, $238K/year with 10% down.
Rent vs Buy in Kapaa
Rent
$2,380/mo
vs
Buy (10% down)
$5,548/mo
Price-to-rent ratio: 29.6 — At a ratio above 20, renting may be more economical in Kapaa for shorter stays. Buying costs $3,168 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 Kapaa is $845,000, roughly in line with the Hawaii state median of $830,000. With a population of 10,699, Kapaa 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 Kapaa 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 Kapaa is $2,380/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.
Kapaa is a higher-cost market. At $845K 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 Kapaa.