Are home prices dropping on Kauai?

Kauai, HI housing market The median listing home price in Kauai, HI was $1.3M in September 2023, trending down -6.3% year-over-year. The median listing home price per square foot was $908.



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The housing market is unaffordable for many locals. And the going rate for a modest housing rental has reached a fever pitch and Kauai real estate agents say there has been a net loss of rental property inventory as home owners during the pandemic sold their rental properties as home values skyrocketed.

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If you've ever wondered why Kauai seems to be more expensive than other places, one of the main reasons is the limited development and constrained housing supply on the island. Let's take a closer look at some of the factors contributing to this issue.

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Over the last 40 years in the State of Hawai'i, we have seen that the average year-over-year appreciation in home value has been around +3.5%. That's not to say that every year has reflected an increase; in fact, there were years in the last 40 when we saw double-digit drops in appreciation.

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One of the greatest challenges of living in Hawaii is the high cost of living. The islands are popular tourist destinations, which drives up the cost of housing, food, and other essential goods and services.

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This tropical paradise is a dream come true for anyone who loves sun, sand, and endless fun. Kauai is the oldest and fourth largest of the main Hawaiian Islands, and it's brimming with natural beauty, from its lush rainforests and dramatic cliffs to its pristine beaches and vibrant coral reefs.

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4 Places to Avoid in Kauai
  • Beaches Without Lifeguards. In the recent years, an increasing number of tourists have been deviating towards the secluded, non-touristy beaches of Kauai. ...
  • Dangerous Hiking Trails. ...
  • Kipu Falls. ...
  • Freshwater Pools. ...
  • Final Thoughts.


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Based on the size of the homeless group she assists at Ho'omana Thrift Shop in Wailua, Rowena Contrades-Pangan estimated there are between 800 and 1,000 homeless people on Kaua'i. “These are local people born and raised on Kaua'i,” said Contrades-Pangan.

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Kauai is nicknamed the 'Garden Island'. Even their local newspaper, which has been in print since 1901, is called 'The Garden Island'! The mountains surround the rainforests, basically blocking them off. Because of this, about 97% of Kauai's land is undeveloped. It is also pretty hard to access!

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If you're looking for a quick answer, Maui and the Big Island tend to be more affordable Hawaiian islands to live on than Oahu or Kauai. In this comprehensive guide, we'll cover the cheapest Hawaiian island to live on based on cost of living, home prices, activities, and more.

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Who owns Kauai? After the State of Hawaii, who owns over 155,000 acres on Kauai, the Robinson Family is the second-largest landowner at over 55,000 acres (excluding their Niihau acres), and then Grove Farm is the third-largest landowner at over 30,000 acres.

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Some of the celebrities calling the Garden Island home, include Ben Stiller, Pierce Brosnan, Natalie Merchant and Bette Midler plus, the latest celebs include Lisa Ling and Richie Sambora.

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Remember that it's pretty hard to find a job on the islands even though the unemployment rate is generally low. However, this depends on your skills and the industry you are looking in. Some of the most thriving industries include tourism, health care, hospitality, IT, marketing, and property management.

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The Cost of Living is High The cost of living in Hawaii is high. That goes for housing costs, but it also applies to the food on grocery store shelves. Everything that has to be shipped or flown to the islands will cost more. Hawaii is also a high-tax state.

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Everything Is A Little Slower In Hawaii Get used to walking, talking, and living a little slower. Forget about same- or next-day Amazon deliveries. The slow pace is an attitude as well; there's no room in Hawaii for your rushed impatience. So, sit back, relax, learn to take it slow, and enjoy living in Hawaii.

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