In Waikele, a typical home is worth $704,700 and typical rent is $2,634 a month. Compared with all of Honolulu County, typical rent is 26% higher, the typical home value is 21% lower, and the share of households that own their home is 11 points higher.
Waikele is in Honolulu County. The FHA loan limit ($828,000 for a one-unit home), the fair market rents and the help on this page are those of all of Honolulu County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Waipahu, the typical rent is $1,658: 37% less than in Waikele ($2,634).
2
The typical rent in Waikele is $2,634 a month, 26% more than in Honolulu County as a whole ($2,083).
3
The typical home in Waikele is worth $704,700,21% less than in Honolulu County as a whole ($897,500).
4
71% of households in Waikele own their home, against 60% in Honolulu County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Waikele
What homes there are in Waikele, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Waikele
Honolulu County
Hawaii
United States
Kind of home: Waikele and its comparisons
Measure
Waikele
Honolulu County
Hawaii
United States
Detached house
35%
45%
54%
61%
Attached house
14%
11%
9%
6%
Building of 2 to 4
17%
7%
6%
8%
Apartments (5 or more)
Unreliable estimate
37%
31%
19%
Mobile home
Unreliable estimate
0%
0%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Homes in Waikele are varied: detached houses are the largest group, at 35%, against 45% in Honolulu County.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Waikele
Honolulu County
Hawaii
United States
Year built: Waikele and its comparisons
Measure
Waikele
Honolulu County
Hawaii
United States
Before 1960
Unreliable estimate
16%
14%
26%
1960–1979
Unreliable estimate
41%
36%
24%
1980–1999
77%
24%
28%
25%
2000–2009
10%
10%
12%
14%
2010 or later
Unreliable estimate
9%
9%
11%
Homes in Waikele are newer: the typical year built is 1994; in Honolulu County, 1977.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100KUnreliable
$100K–$200KUnreliable
$200K–$300KUnreliable
$300K–$500K11%
$500K–$750K46%
$750K–$1M20%
$1M or more21%
Value of owner-occupied homes: Waikele and its comparisons
Measure
Waikele
Under $100K
Unreliable estimate
$100K–$200K
Unreliable
$200K–$300K
Unreliable
$300K–$500K
11%
$500K–$750K
46%
$750K–$1M
20%
$1M or more
21%
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$999Unreliable
$1,000–$1,499Unreliable
$1,500–$1,999Unreliable
$2,000–$2,49925%
$2,500–$2,99937%
$3,000 or more23%
Monthly rent with utilities: Waikele and its comparisons
Measure
Waikele
Under $500
Unreliable
$500–$999
Unreliable
$1,000–$1,499
Unreliable
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
25%
$2,500–$2,999
37%
$3,000 or more
23%
With a mortgage
$2,599 a month
Honolulu County: $3,111 a month
Without a mortgage
$790 a month
Honolulu County: $783 a month
Owners with a mortgage
71%
Honolulu County: 65%
Owning costs less in Waikele: with a mortgage, the typical cost is $2,599 a month; in Honolulu County, $3,111. Without one, $790.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Waikele+39%
Honolulu County+32%
Hawaii+36%
United States+53%
Typical rent
Waikele+14%
Honolulu County+19%
Hawaii+22%
United States+33%
Typical household income
WaikeleNo clear change
Honolulu County+24%
Hawaii+24%
United States+29%
Change since 2015–2019: Waikele and its comparisons
Measure
Waikele
Honolulu County
Hawaii
United States
Typical home value
+39%
+32%
+36%
+53%
Typical rent
+14%
+19%
+22%
+33%
Typical household income
No clear change
+24%
+24%
+29%
The typical home value in Waikele rose 39% since 2015–2019, more than in Honolulu County (32%).
Since 2015–2019, the typical rent in Waikele rose 14%, less than in Honolulu County (19%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Waikele and its comparisons
Measure
Waikele
Honolulu County
Hawaii
United States
Rental vacancy
Unreliable estimate
5.6%
7.4%
5.5%
Homeowner vacancy
Unreliable estimate
0.9%
0.9%
0.9%
More than one person per room
Unreliable estimate
8.9%
8.8%
3.4%
People per household
2.51
2.85
2.85
2.53
Drive alone
77%
63%
65%
69%
Carpool
7%
14%
14%
9%
Public transit
Unreliable estimate
5%
4%
3%
Walk or bike
Unreliable estimate
6%
5%
3%
Work from home
10%
9%
10%
15%
Other means
Unreliable estimate
3%
2%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Fewer people live in each home here: 2.51 on average, against 2.85 in Honolulu County.
To get to work, 77% of workers in Waikele drive alone; in Honolulu County, 63%.
Do the math
What would you pay each month for a home in Waikele?
A typical home costs more than the typical income allows
We start with a typical home in Waikele, worth $704,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 54% of the typical household income in Waikele, which is $120,525 a year. For that payment to be 28% of income, a household would need to earn about $234,130 a year.
The calculator's FHA and conventional loan limits are those of all of Honolulu County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Waikele. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $24,665 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$5,463
at 7.18% · 30 years
Loan amount
$691,936
Total interest
$995,533
Paid off in
November 2056
Includes $11,901 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $2,812 a month
Tight
$2,812 to $3,616 a month
Hard
more than $3,616 a month
Your payment · 54%
Compared with the typical household income in Waikele ($120,525 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$4,687
Property tax
$170
Home insurance
$294
FHA mortgage insurance (MIP)
$312
You need at least $24,665 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $5,463; principal and interest $4,687.
The city and its county
Waikele and Honolulu County
Waikele is in Honolulu County, Hawaii. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Waikele
Map of Honolulu County, Hawaii, with Waikele marked. Around it, the neighboring counties.
Waikele
Honolulu County
Other cities with a page
Waikele's own numbers
Typical home value
$704,700
Typical monthly rent
$2,634
Typical yearly household income
$120,525
Households that own their home
71%
Effective property tax rate
0.29%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Honolulu County
FHA limit, one-unit home
$828,000
Conventional limit, one unit
$1,249,125
HUD fair market rent, 2 bedrooms
$2,542
Price change over 5 years (FHFA)
+37%
Homes in a high flood-risk zone
4.9%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Honolulu County.
A typical home in Waikele is worth $704,700: 21% below the county and 16% below Hawaii. With the typical household income in Waikele ($120,525 a year), a typical home costs 5.8 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Waikele5.8 years
Honolulu8.5 years
Hawaii8.4 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Honolulu County
According to FHFA’s house price index, home prices in Honolulu County rose 59% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Honolulu County.
Yearly change in FHFA’s price index in Honolulu County, 2016 to 2025
2016: +7.9% +7.9% 2016
2017: +2.7% +2.7% 2017
2018: +4.2% +4.2% 2018
2019: +1.8% +1.8% 2019
2020: −1.3% −1.3% 2020
2021: +6.0% +6.0% 2021
2022: +16.1% +16.1% 2022
2023: +6.3% +6.3% 2023
2024: +3.2% +3.2% 2024
2025: +1.4% +1.4% 2025
Change in FHFA’s price index in Honolulu County, Hawaii and the United States
Period
County
Hawaii
U.S.
Last year (2025)
+1.4%
+2.9%
+2.9%
5 years (2020–2025)
+37%
+46%
+47%
10 years (2015–2025)
+59%
+73%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Waikele next to Honolulu County, Hawaii and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Waikele$704,700
Honolulu$897,500
Hawaii$839,100
United States$332,700
Typical monthly rent
Waikele$2,634
Honolulu$2,083
Hawaii$1,971
United States$1,413
Typical yearly household income
Waikele$120,525
Honolulu$106,195
Hawaii$100,389
United States$80,734
See the full table
Waikele next to Honolulu County and Hawaii
Measure
Waikele
Honolulu County
Hawaii
U.S.
Typical home value
$704,700 ▼21% below the county
$897,500
$839,100
$332,700
Typical monthly rent
$2,634 ▲26% above the county
$2,083
$1,971
$1,413
Typical yearly household income
$120,525 ▲13% above the county
$106,195
$100,389
$80,734
Households that own their home
71% ▲11 points above the county
60%
63%
65%
Typical yearly property tax
$2,060 ▼19% below the county
$2,553
$2,239
$3,119
Effective property tax rate
0.29% ▲0.01 points above the county
0.28%
0.27%
0.94%
Renters with high rent for their income
55% ▼3 points below the county
58%
57%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Honolulu County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Waikele
For a typical $704,700 home in Waikele, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Waikele's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$5,463a month
Least cash to close
Down payment
$24,665
Cash to close
$45,806
Rate
7.18%
Mortgage insurance
FHA MIP · $312
Conventional, 5% down$5,334a month
Down payment
$35,235
Cash to close
$56,376
Rate
7.18%
Mortgage insurance
PMI · $335
Conventional, 20% down, no PMI$4,283a month
Down payment
$140,940
Cash to close
$162,081
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$4,935a month
Down payment
$105,705
Cash to close
$126,846
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Waikele
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$5,463
$24,665
$691,936
7.18%
FHA MIP · $312
$45,806
580
Conventional, 5% down
$5,334
$35,235
$669,465
7.18%
PMI · $335
$56,376
620*
Conventional, 20% down, no PMI
$4,283
$140,940
$563,760
7.18%
None
$162,081
620*
ITIN, 15% down (example)
$4,935
$105,705
$598,995
8.18%
None
$126,846
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Waikele is $2,634 a month: 26% above the county. In Waikele, 55% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Honolulu County, by unit size. To pay the 2-bedroom one ($2,542 a month) without spending more than 30% of your income, you would need to earn $48.88 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Honolulu County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,836
$35.31
$73,440
1 bedroom
$1,951
$37.52
$78,040
2 bedrooms
$2,542
$48.88
$101,680
3 bedrooms
$3,520
$67.69
$140,800
4 bedrooms
$4,249
$81.71
$169,960
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Waikele
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Waikele is in ZIP code 96797.
For 2 bedrooms it is $2,530: $12 less than the fair market rent for Honolulu County ($2,542).
Fair market rent by ZIP code and size in Waikele, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
96797
$1,830
$1,940
$2,530
$3,500
$4,230
ZIP code2 bd3 bd
96797 $2,530$3,500
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Waikele when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 9 HUD-approved agencies with an office in Honolulu County; 2 say they serve in Spanish.
1 program is for Waikele or Honolulu County, by its own record: they come first, each with what its official page says about being open. The ones below are statewide in Hawaii: they work in Waikele the same as in the rest of the state.
City and County of Honolulu loan, with federal HOME funds, of up to $40,000 at 0% and with no fees, for the down payment only, repaid over 20 years; for first-time buyers on Oʻahu with incomes up to 80% of the area median who put down at least 5% of the price.Offered by City and County of Honolulu Department of Community Services (DCS).
Hawaii state corporation 30-year fixed mortgage for first-time buyers, with optional down payment assistance whose terms the agency has not yet published.Offered by Hawaiʻi Housing Finance & Development Corporation (HHFDC).
No legal help resource on our list is for Waikele or Honolulu County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Waikele and all of Honolulu County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Waikele?
The typical home value in Waikele is $704,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Honolulu County it is $897,500.
How much does it cost to rent in Waikele?
Typical rent in Waikele is $2,634 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Honolulu County is $2,542.
What is the FHA loan limit in Waikele?
Waikele uses the FHA limit for all of Honolulu County (2026): $828,000 for a one-unit home and $1,592,350 for a four-unit home.
How much property tax do owners pay in Waikele?
The typical homeowner in Waikele pays $2,060 a year, according to the U.S. Census Bureau. That is 0.29% of the home’s value; in Honolulu County, the rate is 0.28%.
Where can I find free help to buy or rent in Waikele?
There are 9 HUD-approved counseling agencies with an office in Honolulu County. 2 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
