Rent vs Buy in Kahului, HI
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Kahului, HI
Price-to-rent ratio is 37.3 (under 15 favors buying, over 21 favors renting). Renting costs $2,309/mo; owning runs about $7,717/mo — $5,408/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $5,476 |
| Property tax | $948 |
| Home insurance | $431 |
| Maintenance | $862 |
| Total to own | $7,717 |
| Average 2BR rent | $2,309 |
Based on a median home value of $1,034,119 with a $206,824 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.