Rent to own Homes in Wailuku, HI
As Maui's central city, Wailuku is full of unprecedented beauty. While residents are used to seeing plenty of rainbows here on the island, it's not uncommon to also catch a glimpse of faint moonbows at night -- rainbows produced by light reflecting off the moon's surface. Two ancient temples nearby, Heleki'i and Pihana, guarded the city and provided religious retreat in ancient eras and now lend excellent views of the gorgeous surrounding countryside.
Wailuku, HI is a great place for affordable rent-to-own homes! With a median household income of over $76,624 and a median rent of $1,338, the Wailuku, HI rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Wailuku, HI. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
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Wailuku, HI is seeing rapid growth and Wailuku, HI's' housing market remains not optimal with an average home price that is 170% above the 2024 national average. Wailuku, HI is part of Maui county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Maui is 0.16% which is below the national average, which is 0.99%.
Median Home Price in Wailuku, HI
Median Rent in Wailuku, HI
Top 3 Reasons To Live In Wailuku
Soaring home values! This rural neighborhood boasts median home values of $560,911, higher than 93.6% of the homes nationwide. With average monthly rental prices of $1,908, the money you put into a rent to own property in the area will act as a major investment. With access to the West Maui Forest Preserve and prime oceanfront homes, this community has a lot to offer. For the most valuable abodes, seek houses in Wailuku Heights or Happy Valley, where median home values are $638,007. Find local grocery stores like Takamiya Market, as well as independent coffee shops like Wailuku Coffee Company, doling out varied caffeinated beverages and pastries.
Enjoy non-traditional seaside activity! While surfing, sunbathing, and volleyball are all available, more exciting activities await. The Waihee Coastal Dunes and Wetland Preserves, for example, allow you to volunteer or simply take a stroll through their protected habitats. If the white sand beneath your feet intrigues you, tee off at nearby Waiehu Golf Course, where residents can play an 18-hole game, while reveling in the gorgeous views of the Pacific Ocean. For thrill seekers that prefer to see the view from above, Flyin Hawaiian Zipline has you covered and allows for a panoramic view of the island while offering varying degrees of adventure.
Affordable rent! Seek a home in Town Center where rental costs, on average, are $1,035 per month, lower than 88.5% of neighborhoods in the state. You'll have access to Lao Theater, where you can see local and off-Broadway productions year-round. You'll also be within walking distance to local eateries like Vineyard Food Company, serving fresh New American fare, as well as Tiffany's Bar and Grill, which doles out local favorites like kimchee fried rice, honey walnut shrimp, house chow mein, and their perfectly cooked steak bites in a friendly neighborhood atmosphere.