Total monthly cost of ownership
Cost to Own a Home in Waimanalo Beach, Hawaii
A $817,000 home here costs
$5,578per 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 $239,000 a year.
A standard mortgage calculator would have told you $4,454. The real number is $1,123 higher every month, 25% more than the payment most buyers budget for.
Compare Honolulu County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Waimanalo Beach from a five-year rolling sample, and with about 4,587 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 Honolulu 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.
Waimanalo Beach against Honolulu County and Hawaii
| Measure | Waimanalo Beach | Honolulu County |
|---|---|---|
| Median home value | $816,500 | $873,000 |
| Median property tax | $380 | $2,482 |
| Effective tax rate | 0.047% | 0.284% |
| Median gross rent | $1,000 | $2,054 |
| Population | 4,587 | 1,003,666 |
The weather behind that power bill
Waimanalo Beach 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 $234 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 Waimanalo Beach 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 Waimanalo Beach every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Waimanalo Beach I already own here and may sell
Common questions
How much does it cost to own a home in Waimanalo Beach?
A $817,000 home in Waimanalo Beach, Hawaii costs approximately $5,578 per month with 20% down at 7.24%. That is $4,454 principal and interest, $32 property tax, $109 homeowners insurance, $302 utilities and $681 set aside for maintenance.
What is the property tax rate in Waimanalo Beach?
Waimanalo Beach has an effective property tax rate of 0.047%, based on a median home value of $816,500 and median real estate taxes of $380. That is lower than the Honolulu County average of 0.284%.
What is the average home price in Waimanalo Beach?
The median owner-occupied home value in Waimanalo Beach, Hawaii is $816,500, against $873,000 across Honolulu County.
Is it cheaper to rent or buy in Waimanalo Beach?
Median gross rent in Waimanalo Beach is $1,000 a month, against $5,578 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 Waimanalo Beach?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Waimanalo Beach, Hawaii at today's rate takes a household income of roughly $239,000 a year. That covers the full $5,578 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Waimanalo Beach, 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.