Mortgage payment estimates, closing cost breakdowns, and homebuying data for Wailuku, Hawaii.
Median Home Price
$795K
Population
18K
Avg Monthly Rent
$2,350
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 Wailuku.
Wailuku vs Hawaii Median
The median home price in Wailuku is $795,000, which is roughly in line with the Hawaii state median of $830,000.
Mortgage Calculator — Wailuku, HI
Pre-filled with Wailuku median home price and Hawaii tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $795K home using Hawaii's 0.28% tax rate and $1,200/yr insurance.
5% Down
$5,500/mo
Down: $39,750
Loan: $755K
P&I: $4,774
Tax: $186
Insurance: $100
PMI: $441
10% Down
$5,225/mo
Down: $79,500
Loan: $716K
P&I: $4,522
Tax: $186
Insurance: $100
PMI: $417
20% Down (No PMI)
$4,305/mo
Down: $159,000
Loan: $636K
P&I: $4,020
Tax: $186
Insurance: $100
Income needed (28% rule): $185K/year with 20% down, $224K/year with 10% down.
Rent vs Buy in Wailuku
Rent
$2,350/mo
vs
Buy (10% down)
$5,225/mo
Price-to-rent ratio: 28.2 — At a ratio above 20, renting may be more economical in Wailuku for shorter stays. Buying costs $2,875 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 Wailuku is $795,000, roughly in line with the Hawaii state median of $830,000. With a population of 17,697, Wailuku 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 Wailuku 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 Wailuku is $2,350/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.
Wailuku is a higher-cost market. At $795K 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 Wailuku.