Market Overview
Home Prices in Makawao, HI
The median home value in Makawao, HI is $1,111,810 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2% compared to a year ago and up 1.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Makawao are priced171% above average. Makawao is part of the Kahului-Wailuku-Lahaina, HI metro area.
Over the past five years, Makawao home values have risen by approximately29.4%, reflecting strong long-term appreciation in this market.
Price History
Makawao Home Price Trend
City Comparison
Makawao vs. National Median
At $1,111,810, homes in Makawao cost 171% above the national median of $410,000. Buyers in Makawao should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Makawao?
20% Down Payment
$222,362
on $1,111,810
Monthly P&I
$5,799/mo
30-yr @ 6.8%
Total Monthly Est.
~$7,365/mo
incl. taxes & insurance
Income Needed
$294,600
gross annual (30% rule)
10% Down Option
$111,181
+ PMI applies
Loan Amount (20% dn)
$889,448
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 Makawao, HI?
The median home value in Makawao is $1,111,810 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2% year-over-year.
How much have home prices changed in Makawao?
Over the past year, home values in Makawao have decreased by 2%. Over five years, prices have risen approximately 29.4%.
How much do I need to earn to buy a home in Makawao?
To comfortably afford the median home price of $1,111,810 with a 20% down payment ($222,362) at today's rates (6.8%), you'd need a gross annual income of approximately $294,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Makawao compare to the national average home price?
The national median home value is approximately $410,000. At $1,111,810, homes in Makawao are 171% above the national average.
What metro area is Makawao part of?
Makawao is part of the Kahului-Wailuku-Lahaina, HI metropolitan area. Home prices and market conditions can vary across the broader metro region.