Market Overview
Home Prices in Hanalei, HI
The median home value in Hanalei, HI is $3,392,527 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 4.6% compared to a year ago and down 6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hanalei are priced727% above average. Hanalei is part of the Kapaa, HI metro area.
Over the past five years, Hanalei home values have risen by approximately30.8%, reflecting strong long-term appreciation in this market.
Price History
Hanalei Home Price Trend
City Comparison
Hanalei vs. National Median
At $3,392,527, homes in Hanalei cost 727% above the national median of $410,000. Buyers in Hanalei should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Hanalei?
20% Down Payment
$678,505
on $3,392,527
Monthly P&I
$17,693/mo
30-yr @ 6.8%
Total Monthly Est.
~$22,470/mo
incl. taxes & insurance
Income Needed
$898,800
gross annual (30% rule)
10% Down Option
$339,253
+ PMI applies
Loan Amount (20% dn)
$2,714,022
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Hanalei, HI?
The median home value in Hanalei is $3,392,527 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 4.6% year-over-year.
How much have home prices changed in Hanalei?
Over the past year, home values in Hanalei have decreased by 4.6%. Over five years, prices have risen approximately 30.8%.
How much do I need to earn to buy a home in Hanalei?
To comfortably afford the median home price of $3,392,527 with a 20% down payment ($678,505) at today's rates (6.8%), you'd need a gross annual income of approximately $898,800. This assumes keeping total housing costs at or below 30% of gross income.
How does Hanalei compare to the national average home price?
The national median home value is approximately $410,000. At $3,392,527, homes in Hanalei are 727% above the national average.
What metro area is Hanalei part of?
Hanalei is part of the Kapaa, HI metropolitan area. Home prices and market conditions can vary across the broader metro region.