Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Downtown Hilo area can be challenging. Home prices in Downtown Hilo are now at a median cost of $338,167, lower than the Hilo average of $366,108.
The average cost of rent is $859/mo in Downtown Hilo, primarily driven by the current value of real estate in the Downtown Hilo area. While nearly 50.01% of residents own their homes outright in Downtown Hilo, 53.62% rent.
Housing affordability isn’t just about home prices, though. The average household income in Downtown Hilo is $4,151 per month. Households that rent pay about 20.70% of their income on rent here. Downtown Hilo's most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the neighborhood.
Nearby Neighborhoods
- Orchidlands Estates, Keaau, HI: equally priced homes
- Hawaiian Acres, Keaau, HI: less expensive homes
- Kamuela, Waimea, HI: higher priced homes
- Holualoa, Kailua-Kona, HI: higher priced homes
- Kailua Kona, Kailua-Kona, HI: higher priced homes
- Wailea, Kihei, HI: higher priced homes
- Pukalani, Makawao, HI: higher priced homes
- Napili-Honokowai, Lahaina, HI: higher priced homes
- Hawaii Kai, East Honolulu, HI: higher priced homes
- Kuliouou-Kalani Iki, East Honolulu, HI: higher priced homes
Neighborhoods with Similar Populations
- Hollywood, Munster, IN: less expensive homes
- Loch Raven Village, Parkville, MD: less expensive homes
- Altamont, Mountain House, CA: higher priced homes
- Newell, Charlotte, NC: less expensive homes
- Sharon Heights, Menlo Park, CA: higher priced homes
- Meadows, Boynton Beach, FL: less expensive homes
- 4th Ward, Portsmouth, OH: less expensive homes
- Lockmar Estates, Palm Bay, FL: less expensive homes
- Lovisa Farms, Pasco, WA: less expensive homes
- Manhattan Beach, Brooklyn, NY: higher priced homes
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