Market Overview
Home Prices in Hilo, HI
The median home value in Hilo, HI is $561,904 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.3% compared to a year ago and down 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Hilo are priced37% above average. Hilo is part of the Hilo, HI metro area.
Over the past five years, Hilo home values have risen by approximately31.3%, reflecting strong long-term appreciation in this market.
Price History
Hilo Home Price Trend
2020
$377,170
$377K
—
2021
$427,909
$428K
+13.5%
2022
$524,966
$525K
+22.7%
2023
$518,809
$519K
-1.2%
2024
$541,499
$541K
+4.4%
2025
$538,512
$539K
-0.6%
2026
$561,904
$562K
+4.3%
City Comparison
Hilo vs. National Median
🏠 Hilo
$561,904
National Median
$410,000
At $561,904, homes in Hilo cost 37% above the national median of $410,000. Buyers in Hilo should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Hilo?
20% Down Payment
$112,381
on $561,904
Monthly P&I
$2,931/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,722/mo
incl. taxes & insurance
Income Needed
$148,880
gross annual (30% rule)
10% Down Option
$56,190
+ PMI applies
Loan Amount (20% dn)
$449,523
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Hilo, HI?
The median home value in Hilo is $561,904 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.3% year-over-year.
How much have home prices changed in Hilo?
Over the past year, home values in Hilo have increased by 4.3%. Over five years, prices have risen approximately 31.3%.
How much do I need to earn to buy a home in Hilo?
To comfortably afford the median home price of $561,904 with a 20% down payment ($112,381) at today's rates (6.8%), you'd need a gross annual income of approximately $148,880. This assumes keeping total housing costs at or below 30% of gross income.
How does Hilo compare to the national average home price?
The national median home value is approximately $410,000. At $561,904, homes in Hilo are 37% above the national average.
What metro area is Hilo part of?
Hilo is part of the Hilo, HI metropolitan area. Home prices and market conditions can vary across the broader metro region.