Housing in Hilo, HI is on the rise with a median home value of $463,400, which is significantly higher than the US median home value of $338,100. The appreciation rate for housing in Hilo, HI has been greater than the national average in the past year at 18.27%, compared to 8.27% nationally. This significant spike in appreciation suggests that Hilo is becoming an attractive market for homeowners and investors alike. With increasing values and more people buying homes in the area, this trend looks like it will continue in the foreseeable future.
The median home cost in Hilo is $463,400. Home appreciation the last 10 years has been 103.6%. Home Appreciation in Hilo is up 22.0%.
Average Age of Homes
- The median age of Hilo real estate is 39 years old
The Rental Market in Hilo
- Renters make up 30.9% of the Hilo population
- 1.4% of houses and apartments in Hilo, 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.