Hawaii Housing Market Trends
Real-time market data powered by Zillow Research. Last updated: 2026-03-03
Is Now a Good Time to Buy in Hawaii?
The Hawaii housing market is showing balanced conditions.
home values have been essentially flat (-1.9%) over the past year. there are currently 1,738 homes on the market.
Median Home Value
$820,224
Zillow Home Value Index
Year-over-Year
-1.9%
Home value change
5-Year Change
+26.6%
Since 2021
Median Rent
$3,057/mo
Zillow Observed Rent Index
Active Listings
1,738
Homes for sale
Home Value Trends
5-year Zillow Home Value Index (ZHVI) for Hawaii vs. national average. ZHVI reflects the typical home value in the 35th-65th percentile range.
Rent Trends
Average rent in Hawaii: $3,057/mo (+1.9% YoY)
Rent vs. Buy Analysis
With a median home value of $820,224 and average rent of $3,057/mo, the price-to-rent ratio in Hawaii is 22.4. A ratio above 21 suggests renting may be more cost-effective.
Run Full Rent vs. Buy CalculatorTop Markets in Hawaii
Explore housing data for 4 metro areas in Hawaii. Click any market for detailed trends and analysis.
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.