Honolulu, HI housing market
Typical home value
$775K
▲ 2.3% 1 yr
Typical rent
$2,715/mo
▲ 4.2% 1 yr
Gross rent yield
4.2%
U.S. 6.3%
5-year home value change
+8%
U.S. +20%
Key takeaways
- 1The typical home in Honolulu is worth $774,710, up 2.3% over the past year and up 8% over five years.
- 2Typical rent is $2,715 a month (+4.2% YoY), a gross rent yield of 4.2% (below the Urban Honolulu, HI metro's 4.2%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $4,257/mo, $1,542 more than typical rent.
- 4Zillow forecasts the Urban Honolulu, HI metro's home values to change +0.1% over the next 12 months.
Market temperature (Urban Honolulu, HI metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 42/100, #244 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Honolulu compares
| Measure | Honolulu | Urban Honolulu, HI metro | United States |
|---|---|---|---|
| Typical home value | $774,710 | $855,973 | $366,157 |
| Home value, 1-yr change | +2.3% | +2.6% | +1.2% |
| Typical rent | $2,715 | $3,015 | $1,932 |
| Rent, 1-yr change | +4.2% | +4.1% | +2.7% |
| Gross rent yield | 4.2% | 4.2% | 6.3% |
| Price-to-rent ratio | 23.8 | 23.7 | 15.8 |
| Mortgage P&I, typical home | $4,257 | $4,704 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Honolulu rental, pre-filled.
Rent vs buy in Honolulu
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $775K home.
Other cities in the Urban Honolulu, HI metro
Ewa Beach, HI
$832K home$3,513 rent
▲ 2.2% 1 yr
Waipahu, HI
$868K home$2,892 rent
▲ 3.5% 1 yr
Mililani, HI
$884K home$2,903 rent
▲ 2.5% 1 yr
Kapolei, HI
$841K home$3,547 rent
▲ 1.9% 1 yr
Kailua, HI
$1.53M home$3,753 rent
▲ 2.7% 1 yr
Kaneohe, HI
$1.08M home$3,645 rent
▲ 4.0% 1 yr
Wahiawa, HI
$861K home$2,332 rent
▲ 3.9% 1 yr
Waianae, HI
$578K home$2,185 rent
▲ 3.8% 1 yr
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.