Hawaii County, Hawaii Housing Market Prices
Hawaii County 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 28% below the Hawaii median Cheapest county in Hawaii$383,054
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Median rent 23% below the Hawaii median$1,510
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hawaii County | Hawaii Avg | US Average |
|---|---|---|---|
| Median Home Price | $383,054 | $529,214 | $248,835 |
| Price Trend (Annual %) | 9.0% | 1.5% | 7.5% |
| Median Gross Rent | $1,510 | $1,970 | $1,407 |
| Rent Trend (Annual %) | 4.1% | 3.9% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hawaii County is about 28% lower than in Hawaii. Rent is about 23% lower than the Hawaii average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Hawaii County, up about 9.0% and 4.1% a year respectively. Home prices are changing faster.
Median rent in Hawaii County rose about 43.1% between 2015 and 2024, from $1,055 to $1,510. Over the same span, rent in Hawaii rose about 37.0%.
Affordability
On average, housing unit costs 4.8 yearly household incomes in Hawaii County.
Buying the median-priced home in Hawaii County costs roughly 21.1 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Hawaii County. The price-to-rent ratio in Hawaii is about 22.4.
| Metric | Hawaii County | Hawaii Avg | US Average |
|---|---|---|---|
| Median Home Price | $383,054 | $529,214 | $248,835 |
| Median Household Income | $79,154 | $100,437 | $80,455 |
| Price-to-Income Ratio | 4.8 | 5.3 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hawaii County rose about 95.3%, while median household income rose about 34.4% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Hawaii County | Hawaii Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.4% | 54.7% | 58.5% |
| Rental Rate | 21.3% | 32.1% | 31.2% |
| Vacancy Rate | 18.3% | 13.3% | 10.2% |
| Median Tenure (years) | 17.0 | 17.0 | 15.0 |
| Median Year Moved In | 2009 | 2009 | 2011 |
Hawaii County has a homeownership rate of 60.4%, higher than the Hawaii average of 54.7%. Its housing vacancy rate is 18.3%, compared with 13.3% in Hawaii.
Housing Stock
| Metric | Hawaii County | Hawaii Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.73 people | 2.84 people | 2.53 people |
| Median Structure Built Year | 1989 | 1982 | 1978 |
| Median Number of Rooms | 4.9 | 4.7 | 5.5 |
The typical housing unit in Hawaii County was built around 1989. On average, 2.7 people live in a home with about 4.9 rooms, staying for about 17.0 years on average.
Hawaii County, HI Housing Compared With Nearby Counties
Hawaii County, HI is the 2nd largest of the 4 counties compared here, 204,351 residents against a local median of 164,522. Where Hawaii County, HI breaks from the counties next to it is median home price, sitting 44% below the local median of $678,762 at $383,054.
Median rent tells the same story from another angle: $1,510 against a local median of $1,915, 21% below it. The counties themselves spread $571,673 on median home price, so Hawaii County, HI sits at one end of an already wide local range rather than apart from it. Hawaii County, HI has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Hawaii County, HI | 204,351 | $383,054 #4/4 | $1,510 #4/4 | 74.0% #1/4 |
| Maui County, HI | 164,522 | $678,762 | $1,915 | 65.6% |
| Kauai County, HI | 73,731 | $1,150,862 | $1,869 | 68.6% |
| Honolulu County, HI | 997,376 | $579,189 | $2,083 | 59.8% |
Frequently Asked Questions
Common questions about the housing market in Hawaii County, Hawaii.
What is the median home price in Hawaii County, Hawaii?
The median home price in Hawaii County, Hawaii is $383,054, lower than the Hawaii average of $529,214.
What is the average home price in Hawaii County, Hawaii?
The typical home price in Hawaii County, Hawaii, reported as the median sale price, is $383,054. 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 Hawaii County, Hawaii?
The median gross rent in Hawaii County, Hawaii is $1,510 per month, lower than the Hawaii average of $1,970.
What was the median gross rent in Hawaii County in 2020?
In 2020, the median gross rent in Hawaii County, Hawaii was $1,213 per month.
What is the price-to-rent ratio in Hawaii County, Hawaii?
The price-to-rent ratio in Hawaii County, Hawaii is about 21.1, meaning it would take roughly 21.1 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Hawaii County.
Are home prices or rent rising faster in Hawaii County, Hawaii?
Both home prices and rent are rising in Hawaii County, up about 9.0% and 4.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hawaii County, Hawaii?
60.4% of households in Hawaii County, Hawaii own their home, higher than the Hawaii average of 54.7%.
What is the vacancy rate in Hawaii County, Hawaii?
The housing vacancy rate in Hawaii County, Hawaii is 18.3%, higher than the Hawaii average of 13.3%.
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