Waipahihi is a suburb which lies within the Territorial Authority of Taupo, one of 32 residential suburbs which form the wider region. Waipahihi is the 10th largest suburb of Taupo in terms of the total number of residential housing stock. Waipahihi provides a range of housing stock, with the earliest residential housing recorded in the area constructed between 1900 - 1909. The majority of the residential housing stock in the locality was constructed between 1990 - 1999. Residential housing stock in Waipahihi is made up of approximately 98% residential housing and 2% residential investment housing properties.