Honokaa, HI housing market
The typical Honokaa home is worth about $656,000, up 3% in a year, 21% below the Hawaii typical home.
Home values, sales, trends and how Honokaa compares with the towns next door — updated as new data is published.
Honokaa at a glance
Only 1 sale in May 2026: in a market this size, monthly medians swing a lot, so the typical value above is the steadier guide.
Typical home value, 2016–2026
Show as a table
| January | Honokaa | Hawaii |
|---|---|---|
| 2017 | $391,000 | $557,000 |
| 2018 | $415,000 | $588,000 |
| 2019 | $423,000 | $608,000 |
| 2020 | $441,000 | $616,000 |
| 2021 | $493,000 | $656,000 |
| 2022 | $580,000 | $761,000 |
| 2023 | $646,000 | $831,000 |
| 2024 | $637,000 | $835,000 |
| 2025 | $647,000 | $846,000 |
| 2026 | $648,000 | $830,000 |
| August 2026 | $656,000 | $833,000 |
7.5 years of income
The typical Honokaa home costs about 7.5 years of the town's median household income, less than across Hawaii (8.3 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,980
HUD's Fair Market Rent for a two-bedroom in Honokaa is $1,980 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Honokaa pay a median of $1,420, so moving in tends to cost more than staying put. A two-bedroom takes about 27% of the town's median household income.
Studio $1,520 · 4 bedrooms $2,880
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (96727; 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.