Hilo housing market
Typical home value
$575K
▲ 1.8% 1 yr
Typical rent
$2,562/mo
▲ 8.9% 1 yr
12-month forecast
+0.2%
#456 of 546 metros
Gross rent yield
5.3%
#368 of 546 · U.S. 6.3%
Days to pending
79 days
▼ −15 days 1 yr
Listings with a price cut
21%
▲ +0.6 pts 1 yr
Key takeaways
- 1The typical home is worth $574,746, up 1.8% in a year and up 21% over five years.
- 2Zillow forecasts home values rising 0.2% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $2,562/mo (+8.9% YoY), a 5.3% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $3,158/mo in principal and interest, $596 more than renting.
- 5Homes go under contract in 79 days (−15 days vs last year); 21% of listings have had a price cut.
Market temperature
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 33/100, #394 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
How fast homes are selling
For saleNew listings
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Hilo compares
| Measure | Hilo | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +1.8% | +1.2% | #298 |
| Home value, 5-yr change | +20.8% | +19.7% | |
| 12-month forecast | +0.2% | +1.1% | #456 |
| Rent, 1-yr change | +8.9% | +2.7% | #19 |
| Gross rent yield | 5.3% | 6.3% | #368 |
| Price-to-rent ratio | 18.7 | 15.8 | |
| Mortgage P&I on typical home | $3,158 | $2,012 | |
| Days to pending | 79 | 56 |
Cities in the Hilo metro
1 cities with home value and rent data.
| Kailua Kona | $878K | ▼ 0.1% | $2,947 | ▲ 16.4% | 4.0% |
Run the numbers
Rental property calculator
Cash flow on a typical Hilo rental ($575K, $2,562/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Hilo home.
Rent vs buy
Is it cheaper to rent or buy in Hilo?
Other Hawaii metros
Urban Honolulu, HI
$856K home$3,015 rent4.2% yield
▲ 2.6% 1 yr
Kahului, HI
$982K home$3,208 rent3.9% yield
▼ 2.9% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.