Hilo Metro Area, HI Housing

The housing market in Hilo, HI Metro Area is thriving. The median value of a house in this area is significantly higher than the national average, at $522,400 compared to $338,100. Furthermore, over the past year, the appreciation of house prices in Hilo has been much greater than the US average, at 18.27% compared to 8.27%. This indicates that homeowners in the area have seen a massive increase in their property values over the last year. With such high rates of appreciation and growing demand for housing in Hilo, it is clear that this metro area is a great place for people looking to invest in real estate.

The median home cost in Hilo Metro Area is $522,400. Home appreciation the last 10 years has been 103.6%. Home Appreciation in Hilo Metro Area is up 22.0%.

Average Age of Homes

- The median age of Hilo Metro Area real estate is 30 years old

The Rental Market in Hilo Metro Area

- Renters make up 26.3% of the Hilo Metro Area population
- 1.7% of houses and apartments in Hilo Metro Area, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Hilo, Hawaii	United States
	88,259.0	139,647,020.0
	34	42
	$522,400	$338,100
	22.0%	16.6%
	50.9%	57.0%
	103.6%	101.1%
	$3.14	$10.98
	$1,210	$2,690
	56.5%	57.4%
	19.1%	11.2%
	24.5%	31.4%
Vacant Housing
	1.7%	1.9%
	0.4%	0.4%
	1.2%	0.7%
	0.6%	0.4%
	8.7%	3.6%
	6.4%	4.1%
Value of Owner-Occupied Housing
	0.7%	2.6%
	0.8%	2.4%
	1.1%	2.8%
	0.8%	3.9%
	1.5%	4.5%
	4.3%	11.3%
	6.3%	13.0%
	17.7%	20.1%
	19.5%	13.6%
	13.1%	8.3%
	18.8%	9.7%
	7.6%	3.9%
	4.9%	2.2%
	1.7%	0.8%
	1.2%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	20.9%	13.6%
	20.9%	13.6%
	17.5%	13.6%
	19.5%	13.2%
	19.1%	14.8%
	17.5%	13.6%
	4.7%	10.0%
	2.5%	4.7%
	3.8%	12.2%

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