Cities With the Fastest-growing Home Prices in Hawaii

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Cities with the fastest-growing home prices in Hawaii

The real estate frenzy spurred by the coronavirus pandemic continues, though at a slower pace. Buyers are still competing for a limited supply of housing, driving up prices for affordable properties.

The typical home value in the United States was $349,216 in February, 4.2% higher than the year before.

Increasing mortgage rates have slowed growth, with prices even declining in some places. But some areas are still seeing price jumps compared to the year before.

Stacker compiled a list of cities with the fastest-growing home prices in Hawaii using data from Zillow. Cities are ranked by the dollar change in the Zillow Home Values Index for all homes from the 12 months ending February 2024. The charts in this story were created automatically using Matplotlib. Data was available for 50 cities and towns in Hawaii.

1 / 50

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#50. Ocean View

- Typical home value: $271,534
- 1-year price change: -7,617.514262594981 (-2.7%)
- 5-year price change: +$104,919 (+63.0%)
- Metro area: Hilo, HI

2 / 50

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#49. Waialua

- Typical home value: $959,923
- 1-year price change: -7,235.388544023619 (-0.7%)
- 5-year price change: +$234,830 (+32.4%)
- Metro area: Urban Honolulu, HI

3 / 50

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#48. Keaau

- Typical home value: $442,889
- 1-year price change: -6,934.715372448671 (-1.5%)
- 5-year price change: +$160,762 (+57.0%)
- Metro area: Hilo, HI

4 / 50

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#47. Kaneohe

- Typical home value: $1,053,079
- 1-year price change: -6,655.80779555114 (-0.6%)
- 5-year price change: +$236,573 (+29.0%)
- Metro area: Urban Honolulu, HI

5 / 50

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#46. Pearl City

- Typical home value: $917,589
- 1-year price change: -5,627.930660048383 (-0.6%)
- 5-year price change: +$201,607 (+28.2%)
- Metro area: Urban Honolulu, HI

6 / 50

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#45. Maunaloa

- Typical home value: $345,603
- 1-year price change: -4,264.851388883253 (-1.2%)
- 5-year price change: +$61,309 (+21.6%)
- Metro area: Kahului-Wailuku-Lahaina, HI

7 / 50

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#44. Aiea

- Typical home value: $836,914
- 1-year price change: -3,859.037613424938 (-0.5%)
- 5-year price change: +$181,191 (+27.6%)
- Metro area: Urban Honolulu, HI

8 / 50

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#43. Volcano

- Typical home value: $374,141
- 1-year price change: -3,673.8877782857744 (-1.0%)
- 5-year price change: +$123,440 (+49.2%)
- Metro area: Hilo, HI

9 / 50

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#42. Papaaloa

- Typical home value: $486,993
- 1-year price change: -3,438.4393614410656 (-0.7%)
- 5-year price change: +$147,191 (+43.3%)
- Metro area: Hilo, HI

10 / 50

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#41. Naalehu

- Typical home value: $392,263
- 1-year price change: -2,812.8298804876395 (-0.7%)
- 5-year price change: +$144,873 (+58.6%)
- Metro area: Hilo, HI

11 / 50

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#40. Kapaau

- Typical home value: $578,521
- 1-year price change: -1,981.4968836142216 (-0.3%)
- 5-year price change: +$204,611 (+54.7%)
- Metro area: Hilo, HI

12 / 50

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#39. Hilo

- Typical home value: $490,904
- 1-year price change: -1,408.6810284221428 (-0.3%)
- 5-year price change: +$160,369 (+48.5%)
- Metro area: Hilo, HI

13 / 50

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#38. Paia

- Typical home value: $1,200,445
- 1-year price change: +$73 (+0.0%)
- 5-year price change: +$396,588 (+49.3%)
- Metro area: Kahului-Wailuku-Lahaina, HI

14 / 50

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#37. Waimanalo

- Typical home value: $1,011,603
- 1-year price change: +$232 (+0.0%)
- 5-year price change: +$267,403 (+35.9%)
- Metro area: Urban Honolulu, HI

15 / 50

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#36. Paauilo

- Typical home value: $412,819
- 1-year price change: +$668 (+0.2%)
- 5-year price change: +$145,658 (+54.5%)
- Metro area: Hilo, HI

16 / 50

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#35. Pahala

- Typical home value: $277,348
- 1-year price change: +$806 (+0.3%)
- 5-year price change: +$109,775 (+65.5%)
- Metro area: Hilo, HI

17 / 50

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#34. Laupahoehoe

- Typical home value: $600,421
- 1-year price change: +$1,331 (+0.2%)
- 5-year price change: +$204,014 (+51.5%)
- Metro area: Hilo, HI

18 / 50

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#33. Kapolei

- Typical home value: $861,611
- 1-year price change: +$2,891 (+0.3%)
- 5-year price change: +$211,254 (+32.5%)
- Metro area: Urban Honolulu, HI

19 / 50

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#32. Hana

- Typical home value: $906,142
- 1-year price change: +$4,958 (+0.6%)
- 5-year price change: +$283,839 (+45.6%)
- Metro area: Kahului-Wailuku-Lahaina, HI

20 / 50

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#31. Ewa Beach

- Typical home value: $843,039
- 1-year price change: +$5,055 (+0.6%)
- 5-year price change: +$211,747 (+33.5%)
- Metro area: Urban Honolulu, HI

21 / 50

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#30. Wahiawa

- Typical home value: $821,338
- 1-year price change: +$7,873 (+1.0%)
- 5-year price change: +$217,650 (+36.1%)
- Metro area: Urban Honolulu, HI

22 / 50

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#29. Kailua Kona

- Typical home value: $845,775
- 1-year price change: +$9,286 (+1.1%)
- 5-year price change: +$321,924 (+61.5%)
- Metro area: Hilo, HI

23 / 50

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#28. Waipahu

- Typical home value: $871,081
- 1-year price change: +$9,469 (+1.1%)
- 5-year price change: +$228,654 (+35.6%)
- Metro area: Urban Honolulu, HI

24 / 50

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#27. Haiku

- Typical home value: $1,255,161
- 1-year price change: +$11,209 (+0.9%)
- 5-year price change: +$438,195 (+53.6%)
- Metro area: Kahului-Wailuku-Lahaina, HI

25 / 50

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#26. Kihei

- Typical home value: $1,117,994
- 1-year price change: +$11,576 (+1.0%)
- 5-year price change: +$447,260 (+66.7%)
- Metro area: Kahului-Wailuku-Lahaina, HI

26 / 50

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#25. Kaunakakai

- Typical home value: $410,005
- 1-year price change: +$12,045 (+3.0%)
- 5-year price change: +$137,686 (+50.6%)
- Metro area: Kahului-Wailuku-Lahaina, HI

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#24. Waianae

- Typical home value: $581,912
- 1-year price change: +$12,245 (+2.1%)
- 5-year price change: +$162,904 (+38.9%)
- Metro area: Urban Honolulu, HI

28 / 50

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#23. Kaaawa

- Typical home value: $991,763
- 1-year price change: +$14,260 (+1.5%)
- 5-year price change: +$265,228 (+36.5%)
- Metro area: Urban Honolulu, HI

29 / 50

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#22. Kailua

- Typical home value: $1,430,820
- 1-year price change: +$15,541 (+1.1%)
- 5-year price change: +$404,975 (+39.5%)
- Metro area: Urban Honolulu, HI

30 / 50

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#21. Holualoa

- Typical home value: $975,982
- 1-year price change: +$17,449 (+1.8%)
- 5-year price change: +$357,543 (+57.8%)
- Metro area: Hilo, HI

31 / 50

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#20. Mililani

- Typical home value: $904,192
- 1-year price change: +$17,687 (+2.0%)
- 5-year price change: +$249,667 (+38.1%)
- Metro area: Urban Honolulu, HI

32 / 50

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#19. Kula

- Typical home value: $1,331,116
- 1-year price change: +$18,278 (+1.4%)
- 5-year price change: +$460,602 (+52.9%)
- Metro area: Kahului-Wailuku-Lahaina, HI

33 / 50

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#18. Hoolehua

- Typical home value: $487,621
- 1-year price change: +$20,516 (+4.4%)
- 5-year price change: +$206,358 (+73.4%)
- Metro area: Kahului-Wailuku-Lahaina, HI

34 / 50

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#17. Waikoloa

- Typical home value: $821,422
- 1-year price change: +$21,918 (+2.7%)
- 5-year price change: +$354,370 (+75.9%)
- Metro area: Hilo, HI

35 / 50

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#16. Makawao

- Typical home value: $1,040,375
- 1-year price change: +$22,813 (+2.2%)
- 5-year price change: +$359,302 (+52.8%)
- Metro area: Kahului-Wailuku-Lahaina, HI

36 / 50

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#15. Waimea

- Typical home value: $692,759
- 1-year price change: +$25,585 (+3.8%)
- 5-year price change: +$270,124 (+63.9%)
- Metro area: Kapaa, HI

37 / 50

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#14. Lahaina

- Typical home value: $1,116,745
- 1-year price change: +$26,697 (+2.4%)
- 5-year price change: +$403,625 (+56.6%)
- Metro area: Kahului-Wailuku-Lahaina, HI

38 / 50

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#13. Kalaheo

- Typical home value: $1,005,651
- 1-year price change: +$28,628 (+2.9%)
- 5-year price change: +$363,997 (+56.7%)
- Metro area: Kapaa, HI

39 / 50

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#12. Lanai City

- Typical home value: $753,541
- 1-year price change: +$29,524 (+4.1%)
- 5-year price change: +$280,570 (+59.3%)
- Metro area: Kahului-Wailuku-Lahaina, HI

40 / 50

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#11. Kilauea

- Typical home value: $1,573,945
- 1-year price change: +$31,898 (+2.1%)
- 5-year price change: +$549,921 (+53.7%)
- Metro area: Kapaa, HI

41 / 50

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#10. Hanapepe

- Typical home value: $776,735
- 1-year price change: +$38,472 (+5.2%)
- 5-year price change: +$283,436 (+57.5%)
- Metro area: Kapaa, HI

42 / 50

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#9. Koloa

- Typical home value: $1,203,457
- 1-year price change: +$43,199 (+3.7%)
- 5-year price change: +$476,020 (+65.4%)
- Metro area: Kapaa, HI

43 / 50

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#8. Lihue

- Typical home value: $837,057
- 1-year price change: +$44,974 (+5.7%)
- 5-year price change: +$310,904 (+59.1%)
- Metro area: Kapaa, HI

44 / 50

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#7. Eleele

- Typical home value: $808,446
- 1-year price change: +$49,492 (+6.5%)
- 5-year price change: +$281,939 (+53.5%)
- Metro area: Kapaa, HI

45 / 50

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#6. Kapaa

- Typical home value: $904,857
- 1-year price change: +$50,452 (+5.9%)
- 5-year price change: +$328,612 (+57.0%)
- Metro area: Kapaa, HI

46 / 50

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#5. Wailuku

- Typical home value: $907,003
- 1-year price change: +$52,839 (+6.2%)
- 5-year price change: +$337,030 (+59.1%)
- Metro area: Kahului-Wailuku-Lahaina, HI

47 / 50

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#4. Kahului

- Typical home value: $973,357
- 1-year price change: +$52,999 (+5.8%)
- 5-year price change: +$364,444 (+59.9%)
- Metro area: Kahului-Wailuku-Lahaina, HI