Total monthly cost of ownership
Cost to Own a Home in Mililani Town, Hawaii
A $885,000 home here costs
$6,266per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $268,500 a year.
A standard mortgage calculator would have told you $4,902. The real number is $1,364 higher every month, 28% more than the payment most buyers budget for.
Compare Honolulu County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Mililani Town against Honolulu County and Hawaii
| Measure | Mililani Town | Honolulu County |
|---|---|---|
| Median home value | $884,800 | $873,000 |
| Median property tax | $2,436 | $2,482 |
| Effective tax rate | 0.275% | 0.284% |
| Median gross rent | $2,303 | $2,054 |
| Population | 27,495 | 1,003,666 |
The weather behind that power bill
Mililani Town sits in Honolulu County, which averages a high of 85.6°F in its hottest month and a low of 64.4°F in its coldest, with 21.78" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 3,609 cooling and 0 heating degree days, which is what sets the $238 electricity line above.
See the full climate breakdown for Honolulu County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Honolulu County
Full Honolulu County cost breakdown · Every county in Hawaii
Talk to someone who works this market
These are Mililani Town averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Mililani Town every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Mililani Town I already own here and may sell
Common questions
How much does it cost to own a home in Mililani Town?
A $885,000 home in Mililani Town, Hawaii costs approximately $6,266 per month with 20% down at 7.4%. That is $4,902 principal and interest, $203 property tax, $118 homeowners insurance, $306 utilities and $738 set aside for maintenance.
What is the property tax rate in Mililani Town?
Mililani Town has an effective property tax rate of 0.275%, based on a median home value of $884,800 and median real estate taxes of $2,436. That is in line with the Honolulu County average of 0.284%.
What is the average home price in Mililani Town?
The median owner-occupied home value in Mililani Town, Hawaii is $884,800, against $873,000 across Honolulu County.
Is it cheaper to rent or buy in Mililani Town?
Median gross rent in Mililani Town is $2,303 a month, against $6,266 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Mililani Town?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Mililani Town, Hawaii at today's rate takes a household income of roughly $268,500 a year. That covers the full $6,266 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Mililani Town, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Hawaii.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.