Mortgage payment estimates, closing cost breakdowns, and homebuying data for Mililani, Hawaii.
Median Home Price
$815K
Population
29K
Avg Monthly Rent
$2,450
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 Mililani.
Mililani vs Hawaii Median
The median home price in Mililani is $815,000, which is roughly in line with the Hawaii state median of $830,000.
Mortgage Calculator — Mililani, HI
Pre-filled with Mililani median home price and Hawaii tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $815K home using Hawaii's 0.28% tax rate and $1,200/yr insurance.
5% Down
$5,636/mo
Down: $40,750
Loan: $774K
P&I: $4,894
Tax: $190
Insurance: $100
PMI: $452
10% Down
$5,354/mo
Down: $81,500
Loan: $734K
P&I: $4,636
Tax: $190
Insurance: $100
PMI: $428
20% Down (No PMI)
$4,411/mo
Down: $163,000
Loan: $652K
P&I: $4,121
Tax: $190
Insurance: $100
Income needed (28% rule): $189K/year with 20% down, $229K/year with 10% down.
Rent vs Buy in Mililani
Rent
$2,450/mo
vs
Buy (10% down)
$5,354/mo
Price-to-rent ratio: 27.7 — At a ratio above 20, renting may be more economical in Mililani for shorter stays. Buying costs $2,904 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 Mililani is $815,000, roughly in line with the Hawaii state median of $830,000. With a population of 28,608, Mililani is a smaller market where home prices tend to be more accessible than in many parts of Hawaii.
Property taxes in Hawaii average 0.28% annually. This low property tax rate is a significant advantage for Mililani 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 Mililani is $2,450/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.
Mililani is a higher-cost market. At $815K 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 Mililani.