Market Overview
Home Prices in Papaaloa, HI
The median home value in Papaaloa, HI is $604,272 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.8% compared to a year ago and up 0% from two years prior.
Compared to the U.S. national median of $410,000, homes in Papaaloa are priced47% above average. Papaaloa is part of the Hilo, HI metro area.
Over the past five years, Papaaloa home values have risen by approximately21.4%, reflecting strong long-term appreciation in this market.
Price History
Papaaloa Home Price Trend
City Comparison
Papaaloa vs. National Median
At $604,272, homes in Papaaloa cost 47% above the national median of $410,000. Buyers in Papaaloa should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Papaaloa?
20% Down Payment
$120,854
on $604,272
Monthly P&I
$3,152/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,003/mo
incl. taxes & insurance
Income Needed
$160,120
gross annual (30% rule)
10% Down Option
$60,427
+ PMI applies
Loan Amount (20% dn)
$483,418
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 Papaaloa, HI?
The median home value in Papaaloa is $604,272 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.8% year-over-year.
How much have home prices changed in Papaaloa?
Over the past year, home values in Papaaloa have increased by 0.8%. Over five years, prices have risen approximately 21.4%.
How much do I need to earn to buy a home in Papaaloa?
To comfortably afford the median home price of $604,272 with a 20% down payment ($120,854) at today's rates (6.8%), you'd need a gross annual income of approximately $160,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Papaaloa compare to the national average home price?
The national median home value is approximately $410,000. At $604,272, homes in Papaaloa are 47% above the national average.
What metro area is Papaaloa part of?
Papaaloa is part of the Hilo, HI metropolitan area. Home prices and market conditions can vary across the broader metro region.