Hawaii

Home prices in Hawaii and Honolulu: median value and trend

Median owner-occupied home value: $875,900 in Hawaii and $850,100 in Urban Honolulu (Census ACS 2024). FHFA: Hawaii prices up 5.8% in a year.

Checked on against the official sources listed at the bottom of the page.

In short

The median value of owner-occupied homes is $875,900 in Hawaii and $850,100 in Urban Honolulu, against $360,600 nationwide (Census ACS 2024). On the FHFA index, Hawaii prices up 5.8% between the second quarters of 2025 and 2026, against 2.1% for the nation.

What it costs: median value in 2024

AreaMedian value, 2024Margin of error (90%)
United States$360,600±$618
Hawaii$875,900±$14,013
Urban Honolulu metro area (same as Honolulu County)$920,600±$16,470
Honolulu County$920,600±$16,470
Urban Honolulu CDP$850,100±$40,453

Source: Census ACS 2024, table B25077; owners’ own estimates, not sale prices.

Three points stand out:

  • The Hawaii median is $515,300 above the national median, about 2.4 times as much.
  • Urban Honolulu, the city core that the Census Bureau reports as a census-designated place (CDP), is $25,800 below the Hawaii median but $70,500 below the Honolulu County median. Homes in the rest of Oahu pull the county figure up.
  • The margin of error for Urban Honolulu (±$40,453) is much wider than for the state, because the sample is smaller. The true median is very likely between about $809,600 and $890,600.

How prices have moved: the FHFA index

Area1-year change (Q2 2025 to Q2 2026)5-year change (Q2 2021 to Q2 2026)
United States+2.1%+33.4%
Hawaii+5.8%+38.0%

Source: FHFA HPI, purchase-only, Q2 2026 (release of August 25, 2026); changes by Payotte.

FHFA’s purchase-only metro file covers 101 metro areas and does not include Urban Honolulu, so there is no purchase-only trend for Honolulu alone in this series. FHFA also flags that Hawaii has fewer than 15,000 transactions over the latest ten years in its data, so the state index rests on a smaller sample than most states.

Hawaii prices rose faster than the national index both over one year and over five years.

A worked example

Take a Hawaii home worth $500,000 in the second quarter of 2021. Tracking the Hawaii index exactly, it would have been worth about $690,000 in the second quarter of 2026 (+38.0%). Over the last year alone, it would have gained about $38,000 (+5.8%). A single home can move very differently from the index: location, condition, tenure and renovations matter more than the average.

How to use these figures when buying

Closing costs come on top: our Hawaii closing costs guide covers who pays what, and buying a home in Honolulu applies these numbers to the city. Also see the Hawaii first-time buyer programs, which have price limits for Honolulu County.

Method and dataset

ACS median value. ACS 1-Year 2024, table B25077. Geographies: United States (0100000US), Hawaii (0400000US15), Honolulu County (0500000US15003), Urban Honolulu CDP (1600000US1571550), Urban Honolulu, HI Metro Area (310M700US46520). Read through the data.census.gov API on October 13, 2026. The definition of value comes from the ACS 2024 Subject Definitions.

FHFA index. FHFA HPI (purchase-only, seasonally adjusted), files hpi_po_state.txt (Hawaii) and hpi_po_us_and_census.txt (USA). Index values used: Hawaii 397.82 (Q2 2025), 305.06 (Q2 2021) and 420.96 (Q2 2026); United States 426.58, 326.58 and 435.69.

Frequently asked questions

What is the median home value in Hawaii?

Hawaii’s 2024 ACS median home value is $875,900 (±$14,013), against $360,600 for the nation: owners’ own estimates, not sale prices.

What is the median home value in Honolulu?

For Urban Honolulu, the city core, the 2024 ACS median value is $850,100 (±$40,453). Honolulu County, which is all of Oahu and the same area as the Urban Honolulu metro area, is at $920,600 (±$16,470).

Are Hawaii home prices going up or down?

FHFA’s purchase-only index shows Hawaii prices rose 5.8% over the year to Q2 2026, and 38.0% over five years. The U.S. index rose 2.1% and 33.4%.

How Hawaii compares with the other States

Hawaii has the highest median home value of the 50 States, at $875,900: more than twice the national median of $360,600.

The States closest in median value are California ($759,500) and Massachusetts ($607,400). The range runs from $170,800 in West Virginia to $875,900 in Hawaii; Hawaii is $536,400 above the middle of that ranking (Wyoming).

On the FHFA index, Hawaii prices rose 5.8% over the year to the second quarter of 2026, which places the State 3rd of 50, 3.7 points ahead of the national +2.1%. Over five years the gain is +38% (21st of 50; nation +33.4%).

Level and direction point the same way: Hawaii is among the dearest States and among those where prices rose fastest this year.

Over five years, Hawaii's +38% annualises to +6.7% a year (nation +5.9%). That is close to the latest one-year pace (+5.8%), so the recent year matches the trend.

Honolulu, the main city, has a median of $850,100, 4th of the 49 main cities Payotte covers. That is 3% below the Hawaii median, a discount that ranks 35th of 49.

The one-year FHFA change runs from -1.2% in New Mexico to +8.3% in Alaska. Hawaii (+5.8%) is 2.5 points below the top and 7 above the bottom; Illinois (+5.6%) and West Virginia (+5.6%) are the nearest to it.

For scale, 20% of the Hawaii median is $175,180, against $72,120 at the national median.

Compare with the other states: Median home price by state.

More Hawaii guides

Sources

Hawaii · All states · Federal guides