Total monthly cost of ownership
Cost to Own a Home in Waikapu, Hawaii
A $838,000 home here costs
$5,787per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $248,000 a year.
A standard mortgage calculator would have told you $4,569. The real number is $1,218 higher every month, 27% more than the payment most buyers budget for.
Compare Maui County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Waikapu from a five-year rolling sample, and with about 3,645 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Maui County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Waikapu against Maui County and Hawaii
| Measure | Waikapu | Maui County |
|---|---|---|
| Median home value | $837,700 | $858,600 |
| Median property tax | $1,284 | $1,442 |
| Effective tax rate | 0.153% | 0.168% |
| Median gross rent | $2,696 | $1,863 |
| Population | 3,645 | 164,632 |
The weather behind that power bill
Waikapu sits in Maui County, which averages a high of 90.0°F in its hottest month and a low of 63.6°F in its coldest, with 16.21" of precipitation a year and 45% of it in a single three-month stretch. That climate drives 4,423 cooling and 0 heating degree days, which is what sets the $234 electricity line above.
See the full climate breakdown for Maui County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Maui County
Talk to someone who works this market
These are Waikapu 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 Waikapu every week. Free, no obligation, and we never sell your details to a list.
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Common questions
How much does it cost to own a home in Waikapu?
A $838,000 home in Waikapu, Hawaii costs approximately $5,787 per month with 20% down at 7.24%. That is $4,569 principal and interest, $107 property tax, $112 homeowners insurance, $302 utilities and $698 set aside for maintenance.
What is the property tax rate in Waikapu?
Waikapu has an effective property tax rate of 0.153%, based on a median home value of $837,700 and median real estate taxes of $1,284. That is lower than the Maui County average of 0.168%.
What is the average home price in Waikapu?
The median owner-occupied home value in Waikapu, Hawaii is $837,700, against $858,600 across Maui County.
Is it cheaper to rent or buy in Waikapu?
Median gross rent in Waikapu is $2,696 a month, against $5,787 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 Waikapu?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Waikapu, Hawaii at today's rate takes a household income of roughly $248,000 a year. That covers the full $5,787 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Waikapu, 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.