Urban Honolulu housing market
Typical home value
$856K
▲ 2.6% 1 yr
Typical rent
$3,015/mo
▲ 4.1% 1 yr
12-month forecast
+0.1%
#461 of 546 metros
Gross rent yield
4.2%
#490 of 546 · U.S. 6.3%
Days to pending
69 days
▼ −6 days 1 yr
Listings with a price cut
19%
▲ +0.9 pts 1 yr
Key takeaways
- 1The typical home is worth $855,973, up 2.6% in a year and up 12% over five years.
- 2Zillow forecasts home values rising 0.1% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $3,015/mo (+4.1% YoY), a 4.2% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $4,704/mo in principal and interest, $1,689 more than renting.
- 5Homes go under contract in 69 days (−6 days vs last year); 19% of listings have had a price cut.
Market temperature
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
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Urban Honolulu compares
| Measure | Urban Honolulu | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +2.6% | +1.2% | #237 |
| Home value, 5-yr change | +11.9% | +19.7% | |
| 12-month forecast | +0.1% | +1.1% | #461 |
| Rent, 1-yr change | +4.1% | +2.7% | #186 |
| Gross rent yield | 4.2% | 6.3% | #490 |
| Price-to-rent ratio | 23.7 | 15.8 | |
| Mortgage P&I on typical home | $4,704 | $2,012 | |
| Income needed to buy | $211,000 | $100,902 | |
| Days to pending | 69 | 56 |
Cities in the Urban Honolulu metro
11 cities with home value and rent data.
| Honolulu | $775K | ▲ 2.3% | $2,715 | ▲ 4.2% | 4.2% |
| Ewa Beach | $832K | ▲ 2.2% | $3,513 | ▲ 5.4% | 5.1% |
| Waipahu | $868K | ▲ 3.5% | $2,892 | ▲ 6.1% | 4.0% |
| Mililani | $884K | ▲ 2.5% | $2,903 | ▲ 5.7% | 3.9% |
| Kapolei | $841K | ▲ 1.9% | $3,547 | ▲ 4.8% | 5.1% |
| Kailua | $1.53M | ▲ 2.7% | $3,753 | ▲ 5.8% | 3.0% |
| Kaneohe | $1.08M | ▲ 4.0% | $3,645 | ▲ 3.6% | 4.0% |
| Wahiawa | $861K | ▲ 3.9% | $2,332 | ▲ 7.7% | 3.3% |
| Waianae | $578K | ▲ 3.8% | $2,185 | ▼ 0.6% | 4.5% |
| Aiea | $830K | ▲ 1.3% | $2,814 | ▲ 1.8% | 4.1% |
| Pearl City | $944K | ▲ 3.5% | $2,422 | ▲ 5.8% | 3.1% |
Run the numbers
Rental property calculator
Cash flow on a typical Urban Honolulu rental ($856K, $3,015/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Urban Honolulu home.
Rent vs buy
Is it cheaper to rent or buy in Urban Honolulu?
Other Hawaii metros
Hilo, HI
$575K home$2,562 rent5.3% yield
▲ 1.8% 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.