Market Overview
Home Prices in Ocean View, HI
The median home value in Ocean View, HI is $266,996 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 3.3% compared to a year ago and down 3.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ocean View are priced35% below average. Ocean View is part of the Hilo, HI metro area.
Over the past five years, Ocean View home values have risen by approximately16.8%, reflecting steady appreciation in this market.
Price History
Ocean View Home Price Trend
City Comparison
Ocean View vs. National Median
At $266,996, homes in Ocean View cost 35% below the national median of $410,000. This makes Ocean View a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Ocean View?
20% Down Payment
$53,399
on $266,996
Monthly P&I
$1,392/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,768/mo
incl. taxes & insurance
Income Needed
$70,720
gross annual (30% rule)
10% Down Option
$26,700
+ PMI applies
Loan Amount (20% dn)
$213,597
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 Ocean View, HI?
The median home value in Ocean View is $266,996 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 3.3% year-over-year.
How much have home prices changed in Ocean View?
Over the past year, home values in Ocean View have decreased by 3.3%. Over five years, prices have risen approximately 16.8%.
How much do I need to earn to buy a home in Ocean View?
To comfortably afford the median home price of $266,996 with a 20% down payment ($53,399) at today's rates (6.8%), you'd need a gross annual income of approximately $70,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Ocean View compare to the national average home price?
The national median home value is approximately $410,000. At $266,996, homes in Ocean View are 35% below the national average.
What metro area is Ocean View part of?
Ocean View is part of the Hilo, HI metropolitan area. Home prices and market conditions can vary across the broader metro region.