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These days, finding an affordable place to live in the Hawaii area can be challenging. Home prices in Hawaii are now at a median cost of $856,044, higher than the the United States average of $419,293.
The average cost of rent is $2,199/mo in Hawaii, primarily driven by the current value of real estate in the Hawaii area. In Hawaii, 37.00% of households rent, and 37.61% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hawaii is $9,132 per month. Households that rent pay about 24.08% of their income on rent here. Hawaii’s most expensive areas are in the northern regions, while the cheapest areas are in the southeastern parts of the state.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby States
States with Similar Populations
- Arkansas: less expensive homes
- California: equally priced homes
- Florida: less expensive homes
- Georgia: less expensive homes
- Alaska: less expensive homes
- North Carolina: less expensive homes
- South Carolina: less expensive homes
- North Dakota: less expensive homes
- Ohio: less expensive homes
- Oklahoma: less expensive homes
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