Maui County Real Estate and Livability Trends
Maui County, Hawaii offers a dynamic and attractive real estate market characterized by significant economic growth and rising property values. Average taxable income peaked at $86,014.11 in 2021, reflecting economic prosperity, while median home values surged to $800,100 in 2022, outpacing national trends. Despite higher state and local taxes, robust demand and limited supply make the region... Read more
Maui County Market Trends
Median home values in Maui County, Hawaii, have surged from $509,700 in 2015 to $800,100 in 2022, outpacing national and state growth rates. This signals strong demand and limited supply, making the area lucrative for investors but challenging for new buyers. Additionally, energy tax credits fluctuating from $3,326.50 in 2013 to $4,492.11 in 2019 highlight a commitment to sustainable living,... Read more
Median Value of Occupied Housing Units in Maui County, Hawaii Over the Last 8 Years
Over the past eight years, median home values in Maui County, Hawaii, have shown a consistent upward trend, culminating in a substantial increase from $509,700 in 2015 to $800,100 in 2022. This surge significantly surpasses both the national and state averages, with the United States going from $125,500 to $179,400, and Hawaii increasing from $515,300 to $764,800 in the same period. Such a steep rise in Maui County’s home values might indicate high demand and limited supply, making it a potentially lucrative market for investors and challenging for new buyers.
Residential Energy Tax Credit Per Tax Return in Maui County, HI Over the Last 9 Years
Over the last nine years, Maui County, Hawaii has seen fluctuations in the average residential energy tax credit per tax return, starting at $3,326.50 in 2013 and peaking at $4,492.11 in 2019. The tax credit amounts indicate a varied but generally robust investment in renewable energy solutions by residents. This matters for investors and property developers as it reflects both a community and policy commitment to sustainable living, likely enhancing property values and attractiveness for new residents seeking eco-friendly investments.
Average Real Estate Taxes Per Tax Return in Maui County, HI Over the Last 10 Years
Over the last decade, real estate taxes per tax return in Maui County, Hawaii have shown a consistent upward trend, rising from $1,434.11 in 2012 to $3,098.50 in 2021. This increase reflects an annual increase in property values and possibly adjustments in tax rates. For investors and potential homeowners, this signifies higher ongoing costs but also growing property market strength, making it a location that warrants consideration for its potential for property value appreciation. Real estate agents and appraisers should note the rising taxes as a factor in the overall property assessment and market evaluations, while insurance agents might consider these trends when determining coverage calculations.
Percentage of Farm Returns in Maui County, HI Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Maui County, Hawaii has remained relatively stable with slight fluctuations. Starting from approximately 1.34% in 2012, it briefly dipped to around 1.25% by 2017, seeing a minor rise to about 1.37% in 2021. These farm tax returns reflect the prosperity and sustainability of local agriculture, serving as an indicator for potential investors and residents of the region’s focus and reliance on farming activities. For builders and developers, understanding these trends can aid in making informed decisions regarding agricultural and rural land development.
Number of Mortgages by Occupancy Type in Maui County, HI Over the Last 5 Years in Maui County
Maui County, Hawai'i has witnessed varying trends in mortgage counts across different occupancy types over the past five years. Principal residences consistently dominate, reaching a peak in 2021 with 9,578 mortgages. Second residences show more modest, albeit fluctuating, numbers. Significant changes are seen in investment properties, spiking notably in 2021. Such shifts can influence local real estate markets and investment strategies; investors might see opportunities or risks based on these dynamics, while appraisers and insurance agents should consider potential impacts on property valuations and coverage needs. Builders and real estate agents could leverage these trends to align their offerings with market demand.
Economic Outlook
The average taxable income per tax return in Maui County, Hawaii, peaked at $86,014.11 in 2021, suggesting economic prosperity and making it an attractive option for investors and potential residents. State and local income taxes also saw a sharp rise, from approximately $7,022.05 in 2012 to $19,372.77 by 2021, which could impact disposable income and overall cost of living. The average total tax liability per tax return increased to $15,321.23 in 2021, indicating growing economic activity and... Read more
Average Taxable Income per Tax Return in Maui County, HI over the last 9 years
Over the past nine years, the average taxable income per tax return in Maui County, Hawaii has steadily increased, peaking at $86,014.11 in 2021. This upward trend suggests a growing economic prosperity in the county, making it an attractive option for investors and potential residents. With significant jumps observed in 2017 and 2021, it's clear that the region is experiencing waves of economic growth, likely driven by tourism, real estate developments, and possibly tech sector investments. The sharp rise in the most recent years is particularly interesting for those considering moving or investing in Maui as it points to a robust and accelerating economic environment.
Average State and Local Income Taxes Per Tax Return in Maui County, HI Over the Last 10 Years
Over the past decade, the average state and local income taxes per tax return in Maui County, Hawaii have seen a sharp upward trend. Starting at approximately $7,022.05 in 2012, the figure spiked dramatically to $19,372.77 by 2021. This consistent increase highlights a significant rise in tax burdens for residents, which could be an essential consideration for potential investors and those interested in the local real estate or planning to move to Maui County. The substantial jump particularly in the recent years could impact disposable income and overall cost of living.
Average Total Tax Liability Per Tax Return in Maui County, HI Over the Last 10 Years
Over the past decade, Maui County, Hawaii has seen a significant increase in average total tax liability per tax return, rising from $7,895.04 in 2012 to $15,321.23 in 2021. This steady climb, with notable spikes in 2017 and 2021, indicates growing economic activity and potentially higher incomes, showcasing the area as a dynamic environment for investment and property development.
Cost of Living in Maui County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,731 | $2,228 | $1,824 | $1,786 | $2,922 |
| 1 adult 4 children | $2,731 | $1,819 | $1,408 | $1,786 | $2,914 |
| 2 adults 3 children | $2,731 | $1,820 | $1,576 | $1,786 | $2,575 |
| 1 adult 3 children | $2,731 | $1,486 | $1,160 | $1,786 | $2,683 |
| 2 adults 2 children | $1,986 | $1,490 | $1,328 | $1,591 | $1,947 |
| 1 adult 2 children | $1,986 | $1,113 | $912 | $1,591 | $1,964 |
| 2 adults 1 child | $1,986 | $1,177 | $1,080 | $956 | $1,623 |
| 1 adult 1 child | $1,986 | $761 | $664 | $956 | $1,571 |
| 2 adults | $1,606 | $946 | $832 | $0 | $1,188 |
| 1 adult | $1,532 | $516 | $416 | $0 | $1,115 |
Safety trends & Data
Maui County, Hawaii has seen a notable drop in property crime over the past five years, with burglary incidents decreasing from 159 in 2018 to 54 in 2022 and larceny-theft dropping from 396 to 115 over the same period. Motor vehicle thefts also fell from 217 in 2018 to 106 in 2022. Despite a spike in arson cases up to 13 in 2022, the overall decline in property crime may suggest a safer environment, potentially boosting property values and possibly lowering insurance rates, making it an... Read more
Property Crime Trends in Maui County, HI Over the Last 5 Years
Over the last five years in Maui County, Hawaii, property crime trends show a significant decrease in burglary incidents, dropping from 159.0 in 2018 to 54.0 by 2022. Larceny-theft also saw a sharp decline from 396.0 incidents in 2018 to 115.0 in 2022. Motor vehicle thefts fell from 217.0 in 2018 to 106.0 in 2022. Interestingly, arson cases fluctuated, with a noticeable spike to 13.0 in 2022 from a low of 3.0 in 2020. For potential investors, appraisers, real estate agents, and those looking to build or relocate, these trends suggest a potentially safer environment, which could positively impact property values and insurance rates over time.
Demographics
Maui County, Hawaii sees a nearly even split in its adult population between males and females, suggesting a balanced demographic structure. The educational attainment data reveals a strong presence of high school graduates and those with some college but no degree, painting a picture of an educated but varied populace. Age distribution shows a significant population in older age brackets, indicating potential needs for advanced healthcare and retirement services. The racial makeup highlights a... Read more
Race Distribution in Maui County, Hawaii (2022)
Educational Attainment in Maui County, Hawaii (2022)
Age Distribution in Maui County, Hawaii
Citizen Population in Maui County, Hawaii (2022)
Political Trends & Data
Maui County in Hawaii leaned significantly Democratic in the 2020 U.S. Presidential Election, with around 67% of the votes, compared to Republicans' 31%. This Democratic tilt could be shaping local and state-level policies, possibly impacting regional developments and real estate trends. Such political leanings might influence public projects and housing regulations, making the market potentially more favorable for social and environmental... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Maui County in Hawaii showed a significant lean towards the Democratic party in the 2020 U.S. Presidential Election, with approximately 67% of the votes. Republicans garnered about 31% of the vote, while third parties like the Libertarian and Green parties received around 1% and 0.8% respectively. This data might suggest a strong Democratic presence in the county, potentially influencing local and state-level policies.
31.14% of voters voted for the Republican party in the 2020 Presidential Election
66.59% of voters voted for the Democrat party in the 2020 Presidential Election
1.09% of voters voted for the Livertarian party in the 2020 Presidential Election
0.82% of voters voted for the Green party in the 2020 Presidential Election
0.36% of voters voted for the Other party in the 2020 Presidential Election
School Data
Maui County, Hawaii has seen its student-to-teacher ratio drop from nearly sixteen students per teacher in 2014 to around fourteen in 2023. This gradual improvement could be a boon for potential investors and residents prioritizing education quality. Although still just above the national average, this trend may attract families and positively influence homebuying decisions. Real estate agents, appraisers, and developers might find this advantageous for marketing properties, while insurance... Read more
Student-to-teacher ratio in Maui County, Hawaii over the last 10 years
Over the past decade, Maui County in Hawaii has seen a gradual decline in its student-to-teacher ratio, dropping from nearly sixteen students per teacher in 2014 to around fourteen in 2023. This trend signifies a positive shift for potential investors and residents as more personalized attention in classrooms could likely foster better educational outcomes. Although Maui County is now slightly above the national average of about fourteen students per teacher, the consistent improvement could attract families prioritizing education. Real estate agents, appraisers, and developers might find the lower student-to-teacher ratios advantageous when marketing properties, as education quality often plays a significant role in homebuying decisions. This favorable trend may also impact insurance agents as areas with better educational outcomes sometimes correlate with lower crime rates and increased property values.
