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Featured local agent — Hawaii
Sarah Mitchell
Compass Real Estate · Hawaii
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Hawaii housing market
Hawaii housing market summary
The typical home in Hawaii is worth $833,340, up 1.1% over the past year. Homes that actually closed went for a median of $741,300 after 86 days on market. On supply, pricing discipline, and speed of sale, Hawaii currently reads as a buyer's market at 7.0 months of supply. At today's 7.03% 30-year fixed rate, that typical home costs $4,449 a month in principal and interest with 20.0% down.
Sources: Zillow, August 2026 · Refreshes monthly · Redfin, through May 2026 · Freddie Mac via FRED, September 2026
Hawaii housing market at a glance
Every tile carries the provider and the month it was published
Typical home value
$833,340
+1.1% YoY · Zillow, August 2026
Median sale price
$741,300
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac via FRED, September 2026
Monthly P&I
$4,449
20.0% down, 30-yr fixed
Days on market
86
-1 days YoY
Active listings
6,634
-7.7% YoY
Median household income
$98,317
U.S. Census ACS, 2023
Typical home value is Zillow's ZHVI — the value of a typical home across the whole housing stock, not just the homes that sold. Median sale price is what actually closed. Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
Where Hawaii home prices are heading
Hawaii's typical home value is $833,340, up 1.1% over 12 months. The two-year number matters more than the one-year number: it spans a full rate cycle rather than a single seasonal swing. Values are currently 2.0% below their two-year high, which means sellers who bought at the top may need to bring money to closing rather than take equity out of it.
Against the national picture, Hawaii runs 126.0% above the U.S. typical home value of $368,697, and its 12-month move of +1.1% is trailing the national pace of +1.2%.
What would have to change for Hawaii prices to fall. Prices fall when supply outruns demand for long enough that sellers compete on price rather than waiting. Hawaii is carrying 7.0 months of supply — already above the six-month line, which is where buyers start setting the price. Active listings are -7.7% year over year and new listings -8.0%, so supply is still tightening, which supports prices even with weak demand. The other lever is the rate. At 7.03%, existing owners with cheaper mortgages have little reason to list, which is what has kept supply artificially low across most of the country. A sustained move down in rates unlocks those sellers and adds inventory; it also adds buyers. Which side moves first decides the direction.
Market trends
Statewide monthly series · Redfin, through May 2026 · No longer updating · Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
What it costs to buy in Hawaii at today's rate
Down payment
$166,668
20.0% of value
Loan amount
$666,672
30-yr fixed
Monthly P&I
$4,449
at 7.03%
Income needed
$190,671
28.0% front-end ratio
A buyer purchasing the typical Hawaii home at $833,340 puts $166,668 down, finances $666,672, and pays $4,449 a month in principal and interest. Property taxes, homeowners insurance, HOA dues, and mortgage insurance sit on top of that and vary by county — budget for them separately rather than assuming the P&I figure is the payment.
Lenders typically want principal and interest under 28.0% of gross income, which puts the qualifying income for that purchase at roughly $190,671. Hawaii's median household earns $98,317 (Census ACS 2023) — a gap of $92,354 above what the median household brings in. Put differently, the median household would spend 54.3% of gross income on principal and interest alone — above the ratio most lenders underwrite to, which is why buyers here typically need a larger down payment, a co-borrower, or a cheaper city than the statewide typical home.
The value-to-income ratio in Hawaii is 8.5x. Anything above 5x means prices have run well ahead of local earnings; buyers are relying on dual incomes, prior equity, or outside capital rather than local wages. Model your own numbers in the affordability calculator or the mortgage calculator.
Figures are illustrative, not a quote or a pre-approval. Rate: Freddie Mac via FRED, September 2026 · Value: Zillow, August 2026 · Income: U.S. Census ACS, 2023
Buying in Hawaii in the next 12 months?
Tell us your timeline. We send the Hawaii market brief: the price ranges that are actually clearing, the cities where your budget goes furthest, and what to fix on your credit before you apply.
Rent or buy in Hawaii?
Zillow's rent index does not yet cover enough Hawaii cities for a statewide median we would stand behind, so we are not publishing one. The Census ACS puts median gross rent across Hawaii households at $1,938 a month (2023). The rent-vs-buy calculator works with any city's numbers.
Supply: what is on the market in Hawaii
| Measure | Latest | Year earlier | Change |
|---|---|---|---|
| Active listings | 6,634 | 7,190 | -7.7% |
| New listings | 1,432 | 1,557 | -8.0% |
| Homes sold | 943 | 968 | -2.6% |
| Months of supply | 7.0 | 7.4 | -0.4 |
| Sale-to-list ratio | 97.8% | 97.9% | Below asking |
What these mean. Active listings is the shelf — everything a buyer could tour today. New listings is restock rate; when it falls faster than sales, the shelf empties. Months of supply is active inventory divided by homes sold per month: at the current sales pace, how many months it would take to sell every home currently listed. Under 4 months of supply tilts toward sellers, 4 to 5 months is the neutral band, and above 5 months tilts toward buyers — above 7 months is a glut. These are the same thresholds the market verdict on every city and ZIP page is scored against. Sale-to-list ratio is the discipline check — above 100% means homes are clearing over asking on average, below means sellers are conceding.
Redfin, through May 2026 · No longer updating — Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026. Zillow's inventory and new-listing counts are published per city and appear on the individual city pages.
How Hawaii compares
| Market | Typical value | 12-mo change | Median income | Value / income |
|---|---|---|---|---|
| Hawaii | $833,340 | +1.1% | $98,317 | 8.5x |
| United States | $368,697 | +1.2% | — | — |
| California | $764,158 | +0.4% | $96,334 | 7.9x |
| Washington | $591,879 | -0.3% | $94,952 | 6.2x |
| Nevada | $442,027 | -1.8% | $75,561 | 5.8x |
Hawaii has no land borders, so the comparison set is the mainland markets its buyers and sellers most often trade against. California and Washington and Nevada carry lower typical home value than Hawaii, which is what makes them the usual destination for equity-funded moves out of Hawaii.
Values and 12-month changes: Zillow, August 2026 · Refreshes monthly. Income: U.S. Census ACS, 2023. ACS publishes household income per state, not for the nation on the same basis, so the U.S. row shows home value only.
Hawaii housing markets by city
157 cities tracked — the 60 largest by population shown
East Honolulu
Pop. 51K
Hilo
Pop. 48K
Pearl City
Pop. 45K
Waipahu
Pop. 40K
Kaneohe
Pop. 36K
Mililani Town
Pop. 27K
Kahului
Pop. 27K
EWA Gentry
Pop. 27K
Kapolei
Pop. 23K
Kihei
Pop. 23K
Mililani Mauka
Pop. 22K
Makakilo
Pop. 20K
Wahiawa
Pop. 18K
Schofield Barracks
Pop. 17K
Ocean Pointe
Pop. 16K
Wailuku
Pop. 16K
EWA Beach
Pop. 15K
Waimalu
Pop. 14K
Halawa
Pop. 14K
Royal Kunia
Pop. 14K
Hawaiian Paradise Park
Pop. 13K
Waianae
Pop. 13K
Nanakuli
Pop. 12K
Maili
Pop. 12K
Kaiminani
Pop. 12K
Lahaina
Pop. 11K
Waihee-Waiehu
Pop. 11K
Waipio
Pop. 11K
Kapaa
Pop. 11K
Makaha
Pop. 10K
Haiku-Pauwela
Pop. 9K
Aiea
Pop. 9K
Ahuimanu
Pop. 9K
Pukalani
Pop. 8K
Waikele
Pop. 8K
Lihue
Pop. 8K
Makawao
Pop. 7K
Wailua Homesteads
Pop. 7K
Waikoloa Village
Pop. 7K
EWA Villages
Pop. 7K
Napili-Honokowai
Pop. 7K
Kahaluu-Keauhou
Pop. 7K
Wailea
Pop. 7K
Kula
Pop. 7K
West Loch Estate
Pop. 6K
East Kapolei
Pop. 6K
Waimanalo
Pop. 6K
Laie
Pop. 6K
Kahaluu
Pop. 5K
Waipio Acres
Pop. 5K
Heeia
Pop. 5K
Pupukea
Pop. 5K
Haleiwa
Pop. 5K
Kalaheo
Pop. 5K
Waimanalo Beach
Pop. 5K
Hawaiian Beaches
Pop. 5K
Puhi
Pop. 4K
Hanamaulu
Pop. 4K
Hawaiian Acres
Pop. 4K
Mountain View
Pop. 4K
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What to do next in Hawaii
If you are buying
- Set the payment before the price. Start from what you can carry monthly, then work backwards with the affordability calculator — the typical Hawaii home is $4,449/mo in P&I today.
- Pick the city, not the state. Open two or three city pages and compare their price, supply, and speed side by side.
- Put two finalists head to head in the city comparison tool before you tour anything.
- Fix the credit file before you shop the rate. A better score moves the payment more than haggling over price does at 7.03%.
If you are selling
- Price against your city, not the statewide figure — the spread between Hawaii markets is wider than the year-over-year move in any of them.
- Read the supply table above. At 7.0 months of supply, buyers are setting the terms; expect to negotiate on price, concessions, or both.
- Watch days on market in your city, not the state. The statewide median was 86 days (Redfin, through May 2026); your city page carries its own.
- Time the listing against new-listing volume. New listings are -8.0% year over year — less competition than a year ago.
Hawaii housing market questions
What is the typical home value in Hawaii?
The typical home value in Hawaii is $833,340 (Zillow, August 2026). That is a +1.1% change over the past 12 months. The median price of homes that actually sold was $741,300 (Redfin, through May 2026); sale prices skew toward whatever segment is transacting, which is why they differ from the typical-value figure.
Are Hawaii home prices going up or down?
Hawaii home values are up 1.1% year over year (Zillow, August 2026). Values sit 2.0% below their highest reading in the past two years.
How much income do you need to buy a home in Hawaii?
At the current 30-year fixed rate of 7.03%, a $833,340 home with 20.0% down carries roughly $4,449 a month in principal and interest. Using the 28% front-end ratio most lenders underwrite to, that implies a household income of about $190,671 before taxes, insurance, HOA dues, or mortgage insurance are added. Hawaii's median household income is $98,317 (Census ACS, 2023), a gap of $92,354 above the median household. These figures are illustrative, not a quote or a pre-approval.
Is it cheaper to rent or buy in Hawaii?
Rent-to-own comparisons are published per city, since rents vary far more within a state than statewide averages suggest. Use the rent-vs-buy calculator with a specific city's numbers.
Which Hawaii cities are the most affordable?
Affordability rankings for Hawaii publish as soon as city-level values land. Every city page carries its own price history in the meantime.
Which Hawaii cities are the most expensive?
Premium Hawaii markets are tracked individually — open any city page for its typical value and price history.
Which Hawaii cities are appreciating the fastest?
Year-over-year value changes are published per city and refresh with each monthly Zillow release.
How long do homes take to sell in Hawaii?
Homes in Hawaii spent a median of 86 days on market in the last month Redfin published (Redfin, through May 2026). That is 1 days faster than the same month a year earlier. The quickest market among the state's largest cities was Maunaloa at 1 days. Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
How does Hawaii compare to other markets?
Hawaii's typical home value of $833,340 compares with California at $764,158, Washington at $591,879, Nevada at $442,027. The U.S. typical home value is $368,697, putting Hawaii 126.0% above the national figure. California and Washington and Nevada are cheaper on a typical-value basis.
Is now a good time to buy in Hawaii?
That depends on your timeline, not the headline. The measurable inputs today: a 30-year fixed rate of 7.03%, 7.0 months of supply statewide (Redfin, through May 2026), active listings -7.7% year over year, and home values +1.1% over the past year. Buyers with a five-year-plus horizon are mostly exposed to the payment, not the price, so the rate you can qualify for matters more than the month you buy. Properties Incorporated is an independent data platform, not a brokerage or lender — this is information, not advice.
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Keep researching Hawaii
Studies & tools
How we built these numbers
Comparison markets
- California housing market — $764,158 typical value
- Washington housing market — $591,879 typical value
- Nevada housing market — $442,027 typical value
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