Market Overview
Home Prices in Ookala, HI
The median home value in Ookala, HI is $614,410 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.3% compared to a year ago and down 1.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Ookala are priced50% above average. Ookala is part of the Hilo, HI metro area.
Over the past five years, Ookala home values have risen by approximately31.4%, reflecting strong long-term appreciation in this market.
Price History
Ookala Home Price Trend
City Comparison
Ookala vs. National Median
At $614,410, homes in Ookala cost 50% above the national median of $410,000. Buyers in Ookala should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Ookala?
20% Down Payment
$122,882
on $614,410
Monthly P&I
$3,204/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,069/mo
incl. taxes & insurance
Income Needed
$162,760
gross annual (30% rule)
10% Down Option
$61,441
+ PMI applies
Loan Amount (20% dn)
$491,528
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 Ookala, HI?
The median home value in Ookala is $614,410 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.3% year-over-year.
How much have home prices changed in Ookala?
Over the past year, home values in Ookala have increased by 7.3%. Over five years, prices have risen approximately 31.4%.
How much do I need to earn to buy a home in Ookala?
To comfortably afford the median home price of $614,410 with a 20% down payment ($122,882) at today's rates (6.8%), you'd need a gross annual income of approximately $162,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Ookala compare to the national average home price?
The national median home value is approximately $410,000. At $614,410, homes in Ookala are 50% above the national average.
What metro area is Ookala part of?
Ookala is part of the Hilo, HI metropolitan area. Home prices and market conditions can vary across the broader metro region.