Market Overview
Home Prices in Honokaa, HI
The median home value in Honokaa, HI is $661,605 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.3% compared to a year ago and down 1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Honokaa are priced61% above average. Honokaa is part of the Hilo, HI metro area.
Over the past five years, Honokaa home values have risen by approximately22.9%, reflecting strong long-term appreciation in this market.
Price History
Honokaa Home Price Trend
City Comparison
Honokaa vs. National Median
At $661,605, homes in Honokaa cost 61% above the national median of $410,000. Buyers in Honokaa should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Honokaa?
20% Down Payment
$132,321
on $661,605
Monthly P&I
$3,451/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,383/mo
incl. taxes & insurance
Income Needed
$175,320
gross annual (30% rule)
10% Down Option
$66,161
+ PMI applies
Loan Amount (20% dn)
$529,284
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 Honokaa, HI?
The median home value in Honokaa is $661,605 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.3% year-over-year.
How much have home prices changed in Honokaa?
Over the past year, home values in Honokaa have increased by 2.3%. Over five years, prices have risen approximately 22.9%.
How much do I need to earn to buy a home in Honokaa?
To comfortably afford the median home price of $661,605 with a 20% down payment ($132,321) at today's rates (6.8%), you'd need a gross annual income of approximately $175,320. This assumes keeping total housing costs at or below 30% of gross income.
How does Honokaa compare to the national average home price?
The national median home value is approximately $410,000. At $661,605, homes in Honokaa are 61% above the national average.
What metro area is Honokaa part of?
Honokaa is part of the Hilo, HI metropolitan area. Home prices and market conditions can vary across the broader metro region.