Cities with the fastest growing home prices in Honolulu metro area

Written by:
January 19, 2023
Konstantin L // Shutterstock

Cities with the fastest growing home prices in Honolulu metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and no other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Urban Honolulu, HI metro area using data from Zillow. Cities are ranked by 1-year price change as of December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. All 18 cities and towns with data available were included in the list.

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Stacker

#18. Pearl City, HI

- 1-year price change: +$25,846 (+2.8%)
- 5-year price change: +$232,997 (+32.5%)
- Typical home value: $949,720 (#10 most expensive city in metro)
2 / 18
Stacker

#17. Waianae, HI

- 1-year price change: +$36,831 (+6.1%)
- 5-year price change: +$198,558 (+44.6%)
- Typical home value: $643,594 (#18 most expensive city in metro)
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Stacker

#16. Honolulu, HI

- 1-year price change: +$44,404 (+5.5%)
- 5-year price change: +$140,094 (+19.7%)
- Typical home value: $852,051 (#16 most expensive city in metro)
4 / 18
Stacker

#15. Waialua, HI

- 1-year price change: +$44,454 (+4.8%)
- 5-year price change: +$232,766 (+31.3%)
- Typical home value: $976,762 (#8 most expensive city in metro)
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Stacker

#14. Kaaawa, HI

- 1-year price change: +$46,055 (+4.8%)
- 5-year price change: +$261,415 (+34.7%)
- Typical home value: $1,013,690 (#6 most expensive city in metro)

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Stacker

#13. Waipahu, HI

- 1-year price change: +$47,697 (+5.6%)
- 5-year price change: +$243,980 (+37.0%)
- Typical home value: $902,870 (#12 most expensive city in metro)
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Stacker

#12. Ewa Beach, HI

- 1-year price change: +$53,441 (+6.5%)
- 5-year price change: +$245,273 (+39.2%)
- Typical home value: $870,826 (#15 most expensive city in metro)
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Stacker

#11. Kapolei, HI

- 1-year price change: +$59,873 (+7.3%)
- 5-year price change: +$246,317 (+38.7%)
- Typical home value: $882,713 (#13 most expensive city in metro)
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Stacker

#10. Wahiawa, HI

- 1-year price change: +$60,506 (+7.4%)
- 5-year price change: +$262,549 (+42.6%)
- Typical home value: $879,389 (#14 most expensive city in metro)
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Stacker

#9. Aiea, HI

- 1-year price change: +$63,230 (+7.4%)
- 5-year price change: +$221,374 (+31.9%)
- Typical home value: $915,428 (#11 most expensive city in metro)

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Stacker

#8. Kahuku, HI

- 1-year price change: +$69,338 (+9.0%)
- 5-year price change: +$197,611 (+30.8%)
- Typical home value: $838,809 (#17 most expensive city in metro)
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#7. Waimanalo, HI

- 1-year price change: +$71,141 (+7.2%)
- 5-year price change: +$278,007 (+35.6%)
- Typical home value: $1,058,263 (#5 most expensive city in metro)
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#6. Mililani, HI

- 1-year price change: +$73,706 (+8.0%)
- 5-year price change: +$279,120 (+39.1%)
- Typical home value: $992,197 (#7 most expensive city in metro)
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#5. Kaneohe, HI

- 1-year price change: +$88,518 (+8.4%)
- 5-year price change: +$301,272 (+35.6%)
- Typical home value: $1,147,515 (#4 most expensive city in metro)
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#4. Hauula, HI

- 1-year price change: +$96,369 (+11.1%)
- 5-year price change: +$278,766 (+40.8%)
- Typical home value: $961,935 (#9 most expensive city in metro)

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16 / 18
Stacker

#3. Kailua, HI

- 1-year price change: +$121,653 (+8.5%)
- 5-year price change: +$452,396 (+41.1%)
- Typical home value: $1,552,119 (#2 most expensive city in metro)
17 / 18
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#2. Laie, HI

- 1-year price change: +$180,629 (+14.1%)
- 5-year price change: +$503,922 (+52.4%)
- Typical home value: $1,465,964 (#3 most expensive city in metro)
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Stacker

#1. Haleiwa, HI

- 1-year price change: +$344,076 (+20.0%)
- 5-year price change: +$691,167 (+50.2%)
- Typical home value: $2,066,666 (#1 most expensive city in metro)

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