Hilo, HI housing market
The typical Hilo home is worth about $557,000, up 5.5% in a year, 33% below the Hawaii typical home. Homes typically sell in 108 days, below asking.
Home values, sales, trends and how Hilo compares with the towns next door — updated as new data is published.
Hilo at a glance
A buyer's market
More homes are for sale than are selling — about 7 months of supply. Buyers have room to negotiate.
Typical home value, 2016–2026
Show as a table
| January | Hilo | Hawaii |
|---|---|---|
| 2017 | $324,000 | $557,000 |
| 2018 | $341,000 | $588,000 |
| 2019 | $349,000 | $608,000 |
| 2020 | $369,000 | $616,000 |
| 2021 | $396,000 | $656,000 |
| 2022 | $449,000 | $761,000 |
| 2023 | $522,000 | $831,000 |
| 2024 | $520,000 | $835,000 |
| 2025 | $538,000 | $846,000 |
| 2026 | $542,000 | $830,000 |
| August 2026 | $557,000 | $833,000 |
Hilo and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | Median income |
|---|---|---|---|---|
| Hilo | $557K | +5.5% | $1,900 | $81,779 |
| Wainaku | — | +4.8%† | $1,900 | $69,205 |
† FHFA price index change, where Zillow has no home value for the town.
6.8 years of income
The typical Hilo home costs about 6.8 years of the town's median household income, less than across Hawaii (8.3 years).
How Hilo ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,900
HUD's Fair Market Rent for a two-bedroom in Hilo is $1,900 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Hilo pay a median of $1,427, so moving in tends to cost more than staying put. A two-bedroom takes about 28% of the town's median household income.
Studio $1,460 · 4 bedrooms $2,770
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (96720; Hawaii County, HI), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.