Total monthly cost of ownership
Cost to Own a Home in Waimea CDP (Hawaii County), Hawaii
A $653,000 home here costs
$4,679per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $3,357. The real number is $1,322 higher every month — 39% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Waimea CDP (Hawaii County) against Hawaii County and Hawaii
| Measure | Waimea CDP (Hawaii County) | Hawaii County |
|---|---|---|
| Median home value | $652,900 | $486,400 |
| Median property tax | $1,870 | $1,392 |
| Effective tax rate | 0.286% | 0.286% |
| Median gross rent | $2,039 | $1,411 |
| Population | 10,242 | 203,684 |
The weather behind that power bill
Waimea CDP (Hawaii County) sits in Hawaii County, which averages a high of 57.6°F in its hottest month and a low of 34.3°F in its coldest, with 14.3" of precipitation a year and 32% of it in a single three-month stretch. That climate drives 0 cooling and 6,919 heating degree days, which is what sets the $467 electricity line above.
See the full climate breakdown for Hawaii County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Hawaii County
Common questions
How much does it cost to own a home in Waimea CDP (Hawaii County)?
A $653,000 home in Waimea CDP (Hawaii County), Hawaii costs approximately $4,679 per month with 20% down at 6.66%. That is $3,357 principal and interest, $156 property tax, $87 homeowners insurance, $535 utilities and $544 set aside for maintenance.
What is the property tax rate in Waimea CDP (Hawaii County)?
Waimea CDP (Hawaii County) has an effective property tax rate of 0.286%, based on a median home value of $652,900 and median real estate taxes of $1,870. That is in line with the Hawaii County average of 0.286%.
What is the average home price in Waimea CDP (Hawaii County)?
The median owner-occupied home value in Waimea CDP (Hawaii County), Hawaii is $652,900, against $486,400 across Hawaii County.
Is it cheaper to rent or buy in Waimea CDP (Hawaii County)?
Median gross rent in Waimea CDP (Hawaii County) is $2,039 a month, against $4,679 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Waimea CDP (Hawaii County) — 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.