East Honolulu, Hawaii Housing Market Prices
East Honolulu Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 5% above the Hawaii median$553,261
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Median rent 68% above the Hawaii median$3,311
Housing Market Overview
| Metric | East Honolulu | Hawaii Avg | US Average |
|---|---|---|---|
| Median Home Price | $553,261 | $529,214 | $248,835 |
| Price Trend (Annual %) | -2.5% | 1.5% | 7.5% |
| Median Gross Rent | $3,311 | $1,970 | $1,407 |
| Rent Trend (Annual %) | 3.4% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in East Honolulu is about 5% higher than in Hawaii. Rent is about 68% higher than the Hawaii average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in East Honolulu: home prices fell about 2.5% a year while rent rose about 3.4% a year. That is an unusual pattern worth watching.
Median rent in East Honolulu rose about 32.1% between 2015 and 2024, from $2,506 to $3,311. Over the same span, rent in Hawaii rose about 37.0%.
Affordability
On average, housing unit costs 3.5 yearly household incomes in East Honolulu.
Buying the median-priced home in East Honolulu costs roughly 13.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in East Honolulu. The price-to-rent ratio in Hawaii is about 22.4.
| Metric | East Honolulu | Hawaii Avg | US Average |
|---|---|---|---|
| Median Home Price | $553,261 | $529,214 | $248,835 |
| Median Household Income | $159,303 | $100,437 | $80,455 |
| Price-to-Income Ratio | 3.5 | 5.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in East Honolulu fell about 23.3%, while median household income rose about 49.7% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | East Honolulu | Hawaii Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 78.2% | 54.7% | 58.5% |
| Rental Rate | 14.3% | 32.1% | 31.2% |
| Vacancy Rate | 7.5% | 13.3% | 10.2% |
| Median Tenure (years) | 21.0 | 17.0 | 15.0 |
| Median Year Moved In | 2005 | 2009 | 2011 |
East Honolulu has a homeownership rate of 78.2%, higher than the Hawaii average of 54.7%. Its housing vacancy rate is 7.5%, compared with 13.3% in Hawaii.
Housing Stock
| Metric | East Honolulu | Hawaii Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.85 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1976 | 1982 | 1978 |
| Median Number of Rooms | 5.9 | 4.7 | 5.5 |
The typical housing unit in East Honolulu was built around 1976. On average, 2.9 people live in a home with about 5.9 rooms, staying for about 21.0 years on average.
East Honolulu, HI Housing Compared With Nearby Cities
How East Honolulu, HI compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| East Honolulu, HI | 51,939 | $553,261 #1/2 | $3,311 #1/2 | 84.6% #1/2 |
| Urban Honolulu, HI | 344,859 | $454,879 | $1,822 | 48.9% |
Frequently Asked Questions
Common questions about the housing market in East Honolulu, Hawaii.
What is the median home price in East Honolulu, Hawaii?
The median home price in East Honolulu, Hawaii is $553,261, higher than the Hawaii average of $529,214.
What is the average home price in East Honolulu, Hawaii?
The typical home price in East Honolulu, Hawaii, reported as the median sale price, is $553,261. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in East Honolulu, Hawaii?
The median gross rent in East Honolulu, Hawaii is $3,311 per month, higher than the Hawaii average of $1,970.
What was the median gross rent in East Honolulu in 2020?
In 2020, the median gross rent in East Honolulu, Hawaii was $2,715 per month.
What is the price-to-rent ratio in East Honolulu, Hawaii?
The price-to-rent ratio in East Honolulu, Hawaii is about 13.9, meaning it would take roughly 13.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in East Honolulu.
Are home prices or rent rising faster in East Honolulu, Hawaii?
Home prices and rent are moving in opposite directions in East Honolulu: home prices fell about 2.5% a year while rent rose about 3.4% a year. That is an unusual pattern worth watching.
What is the homeownership rate in East Honolulu, Hawaii?
78.2% of households in East Honolulu, Hawaii own their home, higher than the Hawaii average of 54.7%.
What is the vacancy rate in East Honolulu, Hawaii?
The housing vacancy rate in East Honolulu, Hawaii is 7.5%, lower than the Hawaii average of 13.3%.
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