Market Overview
Home Prices in Papaikou, HI
The median home value in Papaikou, HI is $598,915 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 2.6% compared to a year ago and down 2.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Papaikou are priced46% above average. Papaikou is part of the Hilo, HI metro area.
Over the past five years, Papaikou home values have risen by approximately23.3%, reflecting strong long-term appreciation in this market.
Price History
Papaikou Home Price Trend
City Comparison
Papaikou vs. National Median
At $598,915, homes in Papaikou cost 46% above the national median of $410,000. Buyers in Papaikou should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Papaikou?
20% Down Payment
$119,783
on $598,915
Monthly P&I
$3,124/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,967/mo
incl. taxes & insurance
Income Needed
$158,680
gross annual (30% rule)
10% Down Option
$59,892
+ PMI applies
Loan Amount (20% dn)
$479,132
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 Papaikou, HI?
The median home value in Papaikou is $598,915 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 2.6% year-over-year.
How much have home prices changed in Papaikou?
Over the past year, home values in Papaikou have increased by 2.6%. Over five years, prices have risen approximately 23.3%.
How much do I need to earn to buy a home in Papaikou?
To comfortably afford the median home price of $598,915 with a 20% down payment ($119,783) at today's rates (6.8%), you'd need a gross annual income of approximately $158,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Papaikou compare to the national average home price?
The national median home value is approximately $410,000. At $598,915, homes in Papaikou are 46% above the national average.
What metro area is Papaikou part of?
Papaikou is part of the Hilo, HI metropolitan area. Home prices and market conditions can vary across the broader metro region.