Exploring Maui Real Estate: Best Places to Invest and Cost of Living

Exploring Maui Real Estate: Best Places to Invest and Cost of Living

  • Mick St John
  • 06/30/23


Maui, often referred to as the "Valley Isle," is a tropical paradise known for its stunning beaches, lush landscapes, and vibrant culture. It's no wonder that many people dream of owning a piece of this island paradise. In this article, we will explore Maui's real estate market, focusing on the best places to invest and the cost of living. Whether you're looking for an investment property or planning to make Maui your home, read on to discover valuable insights.


Is Maui a good place to buy an investment property?

Maui's real estate market has shown steady growth over the years, making it an attractive destination for property investments. The island's thriving tourism industry, coupled with its natural beauty and favorable climate, creates a strong demand for vacation rentals. Investing in a vacation rental property can provide lucrative income opportunities, especially in popular areas like Lahaina, Kihei, and Wailea. Vacation rental management companies like My Perfect Stays can assist in efficiently managing your investment property.

Where is the most affordable place to live in Maui?

While Maui is known for its high-end luxury properties, there are also more affordable options for those seeking a lower cost of living. One of the most affordable areas to live in Maui is Wailuku, located in Central Maui. Wailuku offers a mix of residential properties, including single-family homes and condominiums, at relatively more affordable prices compared to resort areas.

How much money do you need to live comfortably in Maui?

The cost of living in Maui can vary depending on your lifestyle and the area you choose to reside in. On average, a comfortable living in Maui for a single person can range from $3,500 to $5,000 per month, considering expenses like housing, utilities, groceries, transportation, and healthcare. Keep in mind that prices may be higher in resort areas and decrease slightly in more rural regions.

What part of Maui is best to live?

Choosing the best part of Maui to live in depends on your preferences and lifestyle. Here are a few popular regions:

  1. Kihei: Located on the sunny south side of the island, Kihei offers beautiful beaches, a relaxed atmosphere, and a range of housing options. It's a favorite among locals and expats alike.

  2. Lahaina: Lahaina, situated on the west side of Maui, is a historic town with a vibrant arts scene, lively nightlife, and breathtaking ocean views. It's a popular choice for those seeking a lively community.

  3. Upcountry: If you prefer a cooler climate and serene surroundings, consider Upcountry Maui. With towns like Makawao and Kula, this region offers stunning panoramic views, agricultural landscapes, and a close-knit community. Explore neighborhood guides provided by St. John Hawaii for more insights.

Which side of Maui is expensive?

Generally, the west side of Maui, including areas like Lahaina, Kaanapali, and Kapalua, tends to be more expensive due to its prime beachfront locations and luxury resorts. These areas often feature high-end properties, upscale amenities, and a thriving tourist scene. The other regions that would also be considered high-end would be Wailea and Makena on the south side. These two area's located near Kihei are also known for their exclusivity and higher property values.

What is a good CAP rate for Maui Properties?

The Capitalization Rate (CAP rate) is an essential metric for real estate investors. In Maui, a good CAP rate for investment properties typically ranges from 4% to 8%. However, keep in mind that CAP rates can vary depending on factors such as location, property type, rental demand, and overall market conditions. If you acquire a property with a lower CAP rate, however you get to stay there 2 months out of the year, while the rest of the time it's appreciating and paying its own mortgage. Then it really comes down to a matter of preference and lifestyle. Are you looking for a heavy cash flow property for additional income or are you looking for a vacation home that pays for itself? Those would be the two most important questions to ask yourself before acquiring a property on Maui.

How much is the average investment condo in Maui?

The average price of an investment condo in Maui can vary depending on its location and other factors. As of the latest data, prices can range from around $400,000 for a modest one-bedroom condo to several million dollars for a luxury beachfront unit. It's crucial to work with a reputable real estate agent who can guide you through the available options within your budget. If you're ready to begin the search for a Maui Condo, please reach out to us at Our Contact Page.

Should I buy a short-term or long-term rental condo in Maui?

Deciding between a short-term or long-term rental condo depends on your investment goals, risk tolerance, and personal preferences. You can see a variety of condominiums, both short term and long term in our Condo Guide Here. Short-term rentals, often managed through vacation rental companies like My Perfect Stays or Vacation Maui can provide higher rental income but may require more active management. Long-term rentals offer stability and a steady income stream but may yield lower returns. Consider your financial objectives and the level of involvement you desire before making a decision.

Where do the wealthy go in Maui?

Maui attracts affluent individuals from around the world, and they often gravitate towards exclusive communities and luxury resorts. Areas like Makena, Wailea, Kapalua, and Kaanapali are known for their upscale properties, world-class amenities, and privacy. These regions offer a luxurious lifestyle, stunning ocean views, and access to high-end dining, shopping, and recreational activities. While there are high-end area's across Maui, I would highly recommend taking the time to embrace the local culture, visiting mom and pop shops, going to farmers markets and exploring the wide variety of beautiful communities that Maui has to offer.


Investing in Maui real estate can be a rewarding venture, whether you're seeking a profitable investment property or planning to make the island your home. Consider the best places to invest, the cost of living, and your lifestyle preferences when exploring the options available. By understanding the local market, working with reputable professionals, and conducting thorough research, you can make informed decisions and embark on your Maui real estate journey.


Want to experience the unique Maui, Hawaii lifestyle? Contact Luxury Realtors Mick & Maggie to find residential homes, beach villas & luxury condos for sale on the island of Maui, Hawaii.
Search All Homes

Get In Touch

We're a top-rated team, with a wealth of knowledge in the area. Fill out your information below and one of our team members will get back to you.

Work with Mick and Maggie

We offer the highest level of expertise, service, and integrity. Specializing in Luxury Homes & Investment Sales, Mick & Maggie has amassed a Rolodex of clientele that reaches far internationally. They pride themselves on ensuring their clients the highest level of success in all of their real estate ventures. Whether it’s your next investment condo, your first property, or your retirement villa, Mick & Maggie are here to serve.

Follow Us on Instagram