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Affordable
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These days, finding an affordable place to live in the Hilo area can be challenging. Home prices in Hilo are now at a median cost of $499,431, lower than the Hawaii average of $856,044.
The average cost of rent is $1,555/mo in Hilo, primarily driven by the current value of real estate in the Hilo area. In Hilo, 33.69% of households rent, and 49.67% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Hilo is $7,475 per month. Households that rent pay about 20.81% of their income on rent here. Hilo’s most expensive areas are in the northwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Wainaku, HI: equally priced homes
- Waiakea, HI: higher priced homes
- Kukui, HI: higher priced homes
- Keaukaha, HI: less expensive homes
- Papaikou, HI: equally priced homes
- Kurtistown, HI: less expensive homes
- Piihonua, HI: higher priced homes
- Pepeekeo, HI: equally priced homes
- Keaau, HI: less expensive homes
- Onomea, HI: higher priced homes
Cities with Similar Populations
- Rohnert Park, CA: higher priced homes
- Morrisville, NC: equally priced homes
- Moses Lake, WA: less expensive homes
- Arlington, WA: higher priced homes
- Navarre, FL: less expensive homes
- Neenah, WI: less expensive homes
- Newbury Park, CA: higher priced homes
- North Atlanta, GA: higher priced homes
- North Tonawanda, NY: less expensive homes
- Northport, AL: less expensive homes
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