Hawaii housing market

3 metros14 citiesData through Sep 2026
Typical home value
$833K
▲ 1.4% 1 yr
5-year change
+16%
U.S. +20%
Median city rent
$2,925/mo
14 cities
Unemployment rate
2.8%
Median household income
$105K
2025

Key takeaways

  • 1The typical home in Hawaii is worth $832,932, up 1.4% in a year and up 16% over five years. That's the #1 most expensive of 51.
  • 2Across 14 cities with rent data, median typical rent is $2,925/mo, roughly a 4.2% gross yield on the typical home.
  • 3Median household income was $105,100 in 2025, so the typical home costs 7.9× income.
  • 4Unemployment is 2.8% (+0.7 pts in a year).

Home values

Typical home value, Hawaii
Latest $833K
$567K$655K$743K$831K2016201920222025

Source: Zillow Research (ZHVI, ZORI and market activity data).

FHFA house price index
Latest 983
60672384095620172019202120232025

Source: FRED, Federal Reserve Bank of St. Louis. Quarterly, all-transactions index.

Unemployment rate, Hawaii
Latest 2.80%
3.33%9.28%15.22%21.17%201620182020202220242026

Source: FRED, Federal Reserve Bank of St. Louis.

Hawaii metro areas

Hawaii cities

14 cities, largest first. Click a column to sort.

14 cities
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%
Kailua Kona$878K▼ 0.1%$2,947▲ 16.4%4.0%
Pearl City$944K▲ 3.5%$2,422▲ 5.8%3.1%
Kihei$991K▼ 6.9%$3,092▲ 4.8%3.7%
Lahaina$965K▼ 6.5%$3,292▲ 11.2%4.1%

Data refreshed Oct 26, 2026.