Market Overview
Home Prices in Lanai City, HI
The median home value in Lanai City, HI is $706,086 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.8% compared to a year ago and down 13.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Lanai City are priced72% above average. Lanai City is part of the Kahului-Wailuku-Lahaina, HI metro area.
Over the past five years, Lanai City home values have risen by approximately9.1%, reflecting steady appreciation in this market.
Price History
Lanai City Home Price Trend
City Comparison
Lanai City vs. National Median
At $706,086, homes in Lanai City cost 72% above the national median of $410,000. Buyers in Lanai City should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Lanai City?
20% Down Payment
$141,217
on $706,086
Monthly P&I
$3,683/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,677/mo
incl. taxes & insurance
Income Needed
$187,080
gross annual (30% rule)
10% Down Option
$70,609
+ PMI applies
Loan Amount (20% dn)
$564,869
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 Lanai City, HI?
The median home value in Lanai City is $706,086 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.8% year-over-year.
How much have home prices changed in Lanai City?
Over the past year, home values in Lanai City have decreased by 2.8%. Over five years, prices have risen approximately 9.1%.
How much do I need to earn to buy a home in Lanai City?
To comfortably afford the median home price of $706,086 with a 20% down payment ($141,217) at today's rates (6.8%), you'd need a gross annual income of approximately $187,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Lanai City compare to the national average home price?
The national median home value is approximately $410,000. At $706,086, homes in Lanai City are 72% above the national average.
What metro area is Lanai City part of?
Lanai City is part of the Kahului-Wailuku-Lahaina, HI metropolitan area. Home prices and market conditions can vary across the broader metro region.