Mortgage payment estimates, closing cost breakdowns, and homebuying data for Waipahu, Hawaii.
Median Home Price
$695K
Population
38K
Avg Monthly Rent
$2,150
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 Waipahu.
Waipahu vs Hawaii Median
The median home price in Waipahu is $695,000, which is 16% below the Hawaii state median of $830,000.
Mortgage Calculator — Waipahu, HI
Pre-filled with Waipahu median home price and Hawaii tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $695K home using Hawaii's 0.28% tax rate and $1,200/yr insurance.
5% Down
$4,821/mo
Down: $34,750
Loan: $660K
P&I: $4,173
Tax: $162
Insurance: $100
PMI: $385
10% Down
$4,581/mo
Down: $69,500
Loan: $626K
P&I: $3,954
Tax: $162
Insurance: $100
PMI: $365
20% Down (No PMI)
$3,776/mo
Down: $139,000
Loan: $556K
P&I: $3,514
Tax: $162
Insurance: $100
Income needed (28% rule): $162K/year with 20% down, $196K/year with 10% down.
Rent vs Buy in Waipahu
Rent
$2,150/mo
vs
Buy (10% down)
$4,581/mo
Price-to-rent ratio: 26.9 — At a ratio above 20, renting may be more economical in Waipahu for shorter stays. Buying costs $2,431 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 Waipahu is $695,000, 16% below the Hawaii state median of $830,000. With a population of 38,216, Waipahu 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 Waipahu 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 Waipahu is $2,150/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.
Waipahu is a higher-cost market. At $695K 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 Waipahu.