Hawaii County, Hawaii Housing Market
In Hawaii County, Hawaii, the median home value is $519,300, with a median monthly rent of $1,510. This places Hawaii County at #125 nationally out of 3134 counties by median home value, and #4 within Hawaii.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,096
- Establishments: 7,106
- BLS QCEW, 2025
Housing Supply
- Single-family: 1,156
- Multi-family: 74
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 82,559 (avg $75,102)
- Outflow: 77,929 (avg $73,335)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 6 active ZIP codes in Hawaii County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 96738 | 366.5 | — | 2025 |
| 2 | 96743 | 405.3 | +4.18% | 2025 |
| 3 | 96778 | 366.9 | +5.71% | 2025 |
| 4 | 96720 | 391.8 | +4.84% | 2025 |
| 5 | 96704 | 298.1 | +3.23% | 2025 |
| 6 | 96740 | 368.9 | +7.36% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Hawaii County Compares
| Metric | Hawaii County | Hawaii Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $519,300 | $798,675 | $227,706 |
| Median Gross Rent | $1,510 | $1,844 | $968 |
| Owner Occupancy Rate | 74.0% | 67.0% | 73.3% |
| Price/Rent Ratio | 28.7 | 35.7 | 18.7 |
Market Analysis
The median home value in Hawaii County is 35.0% below the Hawaii state average and 128.1% above the U.S. national average. The median rent of $1,510/month is 18.1% below the state average.
With a price-to-rent ratio of 28.7, Hawaii County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Hawaii County has an owner-occupancy rate of 74.0%, compared to 67.0% in Hawaii and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Kootenai County | Idaho | $518,700 | $1,492 |
| Hunterdon County | New Jersey | $517,200 | $1,687 |
| Clark County | Washington | $522,900 | $1,748 |
| Travis County | Texas | $523,000 | $1,744 |
| Essex County | New Jersey | $524,100 | $1,531 |
Other Counties in Hawaii
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Kauai County | $873,200 | $1,870 | 68.6% |
| Honolulu County | $897,500 | $2,083 | 59.8% |
| Maui County | $904,700 | $1,916 | 65.6% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).