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Hawaii’s population is tiny, so housing is relatively affordable.
A two-bedroom house in any area of the state costs between $250,000 and $350,000.
A two-bedroom house in any area of the state costs between $250,000 and $350,000.
The median price for a home in Honolulu County is $320,000, while Kona’s is $420,000.
In Hilo County it’s around $260k; Kauai Island:$300K; Maui County:$400k
Home prices are significantly higher in Honolulu than in other areas of the state.
You can expect to pay more for a home in Honolulu than in other parts of the state. You’ll find that homes in Waikiki are far more expensive than those in other areas.
Other factors that affect home prices include:
There are many housing options in Hawaii, including condos and townhouses.
There are many housing options in Hawaii. Condos and townhouses are the most common, but you can also find manufactured and single-family homes on the islands. The cost of a condo or townhouse will depend on where you live and how far away from the beach. If you’re looking at buying a home, prices also go up.
If you’re interested in renting an apartment or house while traveling on vacation, check out our list of things to know before renting here!
If you want to live on the islands, you can afford to buy a house there.
If you want to live on the islands, you can afford to buy a house there. You can also afford to buy a home in any area of the state.
In Honolulu, for example, homes are going for about $200 per square foot and up—not bad for such a fantastic place!
If you’re willing to look further out of town (but still within reach), Maui offers some excellent luxury properties that cost around $300K-$400K per year in rent (if not more).
Hawaii has been affected by the housing bubble, particularly from 2005-2009.
Many people lost their jobs due to the economic slowdown, and house prices dropped drastically.
The median price for a single detached house in Hawaii declined from $550,000 to $359,000 from 2000-2013.
This is a 55% decrease. Prices have since begun to rise again.
In 2014 prices rose 6%, about double the national average. From 2000 to 2013, median home prices increased by 15% nationally and 11% in Hawaii.
The slowdown in housing growth continued through 2015 as well as into 2016. The 2015 pace of change was much slower than in previous years, and demand has remained weak. From 2000 to 2015, real estate values rose 60%, compared with an increase of 73% nationwide. In Hawaii, they were up just 35%, versus 57% nationwide on average over that same period.
