New Listing
21
$195,000
355 Orchid Mnr Unit 319
Hilo, HI 96720
0 bd1 ba496 sqft$393/ft²
Condo
Tawny Bergman · Jade Dream Properties, LLC
View photos & details
Brokers — List your Company Here
Featured local agent — Hilo, HI
Example placement
Sarah Mitchell
CNESRESABR
Compass Real Estate · Hilo, HI
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Hilo, HI(512) 555-0184TX License #0512847
Visit website →sarahmitchellhomes.com
5.0 · 47 reviews
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Hilo, HI Housing Market
Buyer's market+4.6% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Hilo, HI is worth $557,173, rose 4.6% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $534,500, -7.7% year over year (through May 2026). With 7.1 months of supply and homes going under contract in about 108 days, Hilo is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $557,173 home is about $2,974/mo in principal and interest.
Key numbers for Hilo, HI
Typical home value
$557,173
+4.6% in 12 months
Zillow, August 2026
Typical asking rent
$2,177/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$534,500
-7.7% year over year
Redfin, through May 2026
Days on market
108
Slow-moving
Redfin, through May 2026
Active listings
114
7.1 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$78,713
Home costs 7.1x income
U.S. Census ACS, 2023
Sale-to-list ratio
96.7%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Hilo a buyer's or seller's market?
Buyer's market7.1 months of supply108 days on market96.7% of asking
Hilo, HI is a buyer's market, based on 7.1 months of supply and homes selling in about 108 days. Above 7 months of supply is a glut: inventory is well ahead of the sales pace, and buyers can take time to inspect, compare, and negotiate concessions.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Hilo housing market data show?
Every row below is Redfin's final published month for Hilo, HI. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $534,500 |
| Median list price | $722,500 |
| Year-over-year price change | -7.7% |
| Median price per sq ft | $384/sq ft |
| Median days on market | 108 days |
| Active inventory | 114 listings |
| Months of supply | 7.1 months |
| Sale-to-list price ratio | 96.7% |
| Homes sold (that month) | 16 |
| New listings (that month) | 18 |
| Listings with a price cut | 19.3% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Hilo is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Hilo is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Hilo home prices moved?
Over the last three years the median sale price in Hilo, HI rose 10.2%, from $485,000 to $534,500. The live Zillow value series has rose 4.6% in the last 12 months, which is the more current read now that Redfin's series has stopped. 19.3% of Hilo listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear. For prices to fall meaningfully from here, supply would have to keep building past 7.1 months while the sale-to-list ratio slips below its current 96.7%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
Get Hilo market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Hilo?
Priced off the typical home value of $557,173 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $111,435 | $445,738 | $2,974/mo |
| 5% | $27,859 | $529,314 | $3,532/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,974, that implies roughly $127,478 a year before you add taxes and insurance. The median household in Hilo earns $78,713, about $48,765 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 7.1x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Hilo in the next 12 months?
Tell us your timeline. We send the Hilo market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Hilo?
Typical asking rent in Hilo, HI is $2,177/mo, against a typical home value of $557,173. That is a price-to-rent ratio of 21.3x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $2,974 a month — $798 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Hilo?
Active listings in Hilo, HI went from 103 in May 2025 to 114 in May 2026, a +10.7% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 108 | 24 |
| July 2025 | 99 | 24 |
| August 2025 | 103 | 23 |
| September 2025 | 109 | 24 |
| October 2025 | 113 | 26 |
| November 2025 | 118 | 23 |
| December 2025 | 117 | 22 |
| January 2026 | 118 | 26 |
| February 2026 | 125 | 22 |
| March 2026 | 119 | 21 |
| April 2026 | 124 | 32 |
| May 2026 | 114 | 18 |
Redfin, through May 2026
How does Hilo compare to Hawaii and the U.S.?
Hilo homes sell for $534,500 — 28% below the Hawaii median of $741,300. Against the national median of $410,700, Hilo runs 30% higher. Year-over-year, Hilo moved -7.7% against Hawaii's -0.3% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Hilo, HI | $534,500 | -7.7% | 108 days |
| Hawaii statewide | $741,300 | -0.3% | 86 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Hilo
What buyers should watch
- Months of supply, currently 7.1. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 19.3%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $558 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $557,173 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Hilo listing goes under contract in 108 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 96.7% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Hilo added 18 new listings against 16 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +4.6% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Hilo varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Hilo
There are currently 114 homes listed for sale in Hilo, Hawaii. The median listing price is $723K. Featured listings range from $195,000 to $1,100,000.
New Listing
24
$235,000
236 Lyman Ave
Hilo, HI 96720
3 bd2 ba1,043 sqft$225/ft²
House
Coldwell Banker Realty
View photos & details
New Listing
7
$265,000
482 Leilani St
Hilo, HI 96720
Land12,500 sqft lot
Denise Nakanishi · Real Broker
View photos & details
New Listing
30
$320,000
1875 Kalanianaole St Apt 604
Hilo, HI 96720
1 bd1 ba516 sqft$620/ft²
Condo
Jake Moran · Hilo Brokers Ltd
View photos & details
New Listing
30
$485,000
555 Kukuau St Unit A203
Hilo, HI 96720
2 bd3 ba1,253 sqft$387/ft²
Condo
Denise Nakanishi · Real Broker
View photos & details
New Listing
22
$500,000
463 Mililani St
Hilo, HI 96720
Land20,000 sqft lot
Julie Hugo · Aloha Sotheby's Intl Realty - Hawai'i
View photos & details
New Listing
5
$525,000
141 Alae St
Hilo, HI 96720
3 bd1 ba1,488 sqft$353/ft²
House5,086 sqft lot
Sophia Chun · Ginoza Realty Inc
View photos & details
New Listing
16
$559,000
29 Laula Rd
Hilo, HI 96720
3 bd2 ba1,470 sqft$380/ft²
House12,071 sqft lot
Rochelle Augustin Beck · KW Big Island
View photos & details
New Listing
30
$565,000
1667 Kilauea Ave
Hilo, HI 96720
4 bd3 ba1,326 sqft$426/ft²
House21,780 sqft lot
Lance Miyasato · Century 21 Homefinders of Hawaii
View photos & details
New Listing
26
$639,000
2405 Kalanianaole Ave Unit 209
Hilo, HI 96720
1 bd2 ba1,040 sqft$614/ft²
Condo
Cynthia Harrison · Aloha Sotheby's Intl Realty - Hawai'i
View photos & details
New Listing
27
$999,000
699 Kulaloa Rd
Hilo, HI 96720
4 bd3 ba2,910 sqft$343/ft²
House3.22 acres
Naomi Watts · HomeSmart Island Homes
View photos & details
New Listing
24
$1,100,000
768 Lahou St
Hilo, HI 96720
6 bd4 ba2,305 sqft$477/ft²
House10,000 sqft lot
Terry Schoneberg · Sunrise Properties LLC
View photos & details
Looking to buy in Hilo?
Get connected with a local real estate expert — free, no obligation.
Active listings
114
Homes on market
Median list price
$723K
Avg. days on market
108
Days until sale
New this week
18
Newly listed
Price drops:19.3%of listings
Sale-to-list:96.7%
How much do homes cost in Hilo by property type?
How the Hilo, HI market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $534,500 | $405/sq ft | 12 | 89 days |
| Condo / co-op | $159,000 | $241/sq ft | 1 | 515 days |
| Townhouse | $410,000 | $389/sq ft | 1 | 57 days |
Who lives in Hilo?
American Community Survey estimates for Hilo. U.S. Census ACS, 2023
Population
48,223
Households
17,126
Median income
$78,713/yr
Median age
42.6 years
Owner-occupied
65.5%
Median home value
$455,100
Median gross rent
$1,347/mo
Mean commute
20.1 min
65.5% of occupied homes in Hilo are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $455,100 against Zillow's $557,173 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,347/mo, below Zillow's $2,177/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Hilo?
16 schools tracked · 7,991 students
The largest public schools serving Hilo, HI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Waiakea High School
Grades 9-12 · 1,217 students
Hilo High School
Grades 9-12 · 1,192 students
Waiakea Intermediate School
Grades 6-8 · 854 students
Waiakea Elementary School
Grades PK-5 · 725 students
Waiakeawaena Elementary School
Grades PK-5 · 672 students
Hilo Intermediate School
Grades 7-8 · 486 students
Ernest Bowen DeSilva Elementary School
Grades PK-6 · 465 students
Hilo Union Elementary School
Grades PK-6 · 446 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Hilo, HI?
Ordered by distance from Hilo, not by size. Compare Hilo side by side with any of them.
Which ZIP codes are in Hilo?
These are the ZIP codes we see on active Hilo listings. Redfin did not publish a matching ZIP-level sale row for the same period, so we are not ranking them by price here — each ZIP page shows exactly what we hold for it.
Hilo housing market FAQ
Is Hilo a buyer's or seller's market?
Hilo, HI is currently a buyer's market. That read comes from 7.1 months of supply, homes going under contract in about 108 days, and sellers getting 96.7% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Hilo?
The typical home in Hilo, HI is worth $557,173 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $534,500, about $384 per square foot.
Is Hilo cheaper than the rest of Hawaii?
Hilo's median sale price of $534,500 is 28% lower than the Hawaii statewide median of $741,300, and 30% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Hilo?
Homes in Hilo, HI spent a median of 108 days on market before going under contract, versus 86 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Hilo?
At the current 30-year fixed rate of 7.03%, 20% down on a $557,173 home is about $2,974 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $127,478 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $78,713.
Are home prices rising in Hilo?
The typical home value in Hilo, HI rose 4.6% over the last 12 months, from $532,708 to $557,173 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Hilo?
Hilo ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Hilo?
That depends on your timeline, not on a headline. What the data says today: Hilo, HI is a buyer's market with 7.1 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 21.3x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Hilo, HI
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Hilo
Nearby markets
Get the Hilo market brief
Get the Hilo, HI market brief
One email: what homes are actually clearing at around $557,173, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.