Wailuku, HI

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Wailuku short-term rental market based on reliable data.

Listings

69 / 137

Reliable / Active

Cap Rate

4%

Middle-Earners Gross Yield

Revenue

$38,869

Middle-Earners Revenue

Occupancy

57%

Middle-Earners Occupancy

Home Value

$919,482

Median Home Sale Price

Top Earners

$90,129

Top-Earners Revenue

Wailuku

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Wailuku.

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C

Challenging to Investors

Wailuku Regulations

STRs are allowed but constrained by a two‑permit process (Conditional Use Permit + STRH) with regional caps, owner‑only B&B limits, and a moratorium on new STR condo projects; permitting is moderately complex and costly. Ongoing regulatory risk from Bill 9 (targeting apartment‑district STRs) further elevates uncertainty for investors.

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About Wailuku

Wailuku sits on the island of Maui in the state of Hawaii, serving as the county seat of Maui County. With an approximate population of around 17,000, the town carries the feel of a working local community rather than a polished resort enclave, and it functions as the historic and civic heart of the island. Wailuku is best known as the gateway to the lush ʻĪao Valley and as the older, more traditional neighbor of Kahului, which is home to Maui's main airport (Ogg). The town lies roughly 100 miles across the Pailolo and ʻAuʻau channels from Honolulu on the island of Oahu, with the connection made most commonly by a short inter-island flight.

Just a few minutes west of central Wailuku, ʻĪao Valley State Park is the area's marquee natural attraction. The park follows a rainforest stream up toward the ʻĪao Needle, a nearly 1,200-foot volcanic pinnacle cloaked in greenery that has deep cultural significance in Hawaiian history. Easy walking paths and lookout points make it accessible to most visitors, and its proximity to Wailuku means guests can pair a morning hike with lunch in town.

Within Wailuku itself, the Bailey House Museum, also known as Hale Hōʻikeʻike, offers a window into the island's missionary, plantation, and Native Hawaiian past. Housed in a historic stone-and-corral building dating to the 1830s, the museum displays Hawaiian artifacts, paintings, and photographs that contextualize life in the Wailuku area long before tourism arrived. It is an easy stop for visitors looking to understand the place they are staying in, and it anchors the older character of Wailuku's streetscape.

About an hour and a half to the east by car, Haleakalā National Park draws visitors to the massive shield volcano that dominates the eastern half of Maui. Travelers come for sunrise above the clouds, the surreal cinder desert of the summit crater, and the rare silversword plants that grow in the high-elevation landscape. The drive climbs from tropical coast to high-altitude terrain, making Wailuku a natural overnight base for guests tackling an early-morning summit trip and returning the same day.

Wailuku's appeal as a short-term-rental base comes from this combination of authenticity and accessibility. Visitors get a quieter, more local experience than they would in the resort strips of West Maui or South Maui, while still being within a short drive of the island's most celebrated natural sites. With the airport, beaches, hiking, and the road to Haleakalā all radiating outward, the town offers a convenient and grounded home base for a Maui vacation.

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