How much house does $500,000 buy you in Honolulu?
Back in 2014, spending $500,000 on a house was generally reserved for high earners. The typical U.S. home sold for $159,000, while starter homes averaged just $101,000. Fast-forward to today, and prices have more than doubled: A standard home now sells for $440,000, with starter homes approaching $300,000.
These current prices have put homeownership out of reach for many – and things don't look to be improving. Prices are still rising, affordability keeps dropping, and starter homes are becoming harder to find as home values climb. This has created a very sluggish and difficult housing market. In fact, even the usual busy spring and summer buying seasons were unusually slow this year.
While $500,000 once stretched much further, in many cities today, it's not nearly enough. But what about Honolulu?
To find out, Redfin Real Estate found listings near the $500,000 mark to see what types of homes you can actually afford in Honolulu right now. Listings below $500,000 were included if necessary.
85-90 Farrington Hwy, Waianae, HI 96792
- Price: $499,900
- 6 bedrooms, 3 bathrooms
- Square feet: 1,848
- See 85-90 Farrington Hwy, Waianae, HI 96792 on Redfin.com
1717 Ala Wai Blvd, Honolulu, HI 96815
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,348
- See 1717 Ala Wai Blvd, Honolulu, HI 96815 on Redfin.com
1326 Keeaumoku St, Honolulu, HI 96814
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,169
- See 1326 Keeaumoku St, Honolulu, HI 96814 on Redfin.com
1720 Huna St, Honolulu, HI 96817
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,085
- See 1720 Huna St, Honolulu, HI 96817 on Redfin.com
904 Lunalilo St, Honolulu, HI 96822
- Price: $500,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,038
- See 904 Lunalilo St, Honolulu, HI 96822 on Redfin.com
95-2027 Waikalani Pl, Mililani, HI 96789
- Price: $499,000
- 3 bedrooms, 2 bathrooms
- Square feet: 1,030
- See 95-2027 Waikalani Pl, Mililani, HI 96789 on Redfin.com
84-562 Nukea St, Waianae, HI 96792
- Price: $500,000
- 3 bedrooms, 1.5 bathrooms
- Square feet: 1,087
- See 84-562 Nukea St, Waianae, HI 96792 on Redfin.com
45-535 Luluku Rd, Kaneohe, HI 96744
- Price: $500,000
- 3 bedrooms, 1.5 bathrooms
- Square feet: 843
- See 45-535 Luluku Rd, Kaneohe, HI 96744 on Redfin.com
756 Iaukea St, Honolulu, HI 96813
- Price: $500,000
- 3 bedrooms, 1 bathroom
- Square feet: 864
- See 756 Iaukea St, Honolulu, HI 96813 on Redfin.com
990 Ala Nanala St, Honolulu, HI 96818
- Price: $499,500
- 2 bedrooms, 2 bathrooms
- Square feet: 1,023
- See 990 Ala Nanala St, Honolulu, HI 96818 on Redfin.com
96-216 Waiawa Rd, Pearl City, HI 96782
- Price: $499,000
- 2 bedrooms, 2 bathrooms
- Square feet: 912
- See 96-216 Waiawa Rd, Pearl City, HI 96782 on Redfin.com
3130 Ala Ilima St, Honolulu, HI 96818
- Price: $499,800
- 2 bedrooms, 2 bathrooms
- Square feet: 904
- See 3130 Ala Ilima St, Honolulu, HI 96818 on Redfin.com
1060 Kamehameha Hwy, Pearl City, HI 96782
- Price: $499,000
- 2 bedrooms, 2 bathrooms
- Square feet: 890
- See 1060 Kamehameha Hwy, Pearl City, HI 96782 on Redfin.com
1520 Ward Ave, Honolulu, HI 96822
- Price: $500,000
- 2 bedrooms, 2 bathrooms
- Square feet: 862
- See 1520 Ward Ave, Honolulu, HI 96822 on Redfin.com
94-644 Lumiaina St, Waipahu, HI 96797
- Price: $499,500
- 2 bedrooms, 2 bathrooms
- Square feet: 835
- See 94-644 Lumiaina St, Waipahu, HI 96797 on Redfin.com
95-668 Wikao St, Mililani, HI 96789
- Price: $500,000
- 2 bedrooms, 2 bathrooms
- Square feet: 833
- See 95-668 Wikao St, Mililani, HI 96789 on Redfin.com
5333 Likini St, Honolulu, HI 96818
- Price: $499,000
- 2 bedrooms, 2 bathrooms
- Square feet: 829
- See 5333 Likini St, Honolulu, HI 96818 on Redfin.com
91-271 Hanapouli Cir, Ewa Beach, HI 96706
- Price: $499,999
- 2 bedrooms, 2 bathrooms
- Square feet: 811
- See 91-271 Hanapouli Cir, Ewa Beach, HI 96706 on Redfin.com
92-1045 Lalahi St, Kapolei, HI 96707
- Price: $499,000
- 2 bedrooms, 2 bathrooms
- Square feet: 760
- See 92-1045 Lalahi St, Kapolei, HI 96707 on Redfin.com
46-232 Kahuhipa St, Kaneohe, HI 96744
- Price: $500,000
- 2 bedrooms, 1.5 bathrooms
- Square feet: 900
- See 46-232 Kahuhipa St, Kaneohe, HI 96744 on Redfin.com
750 Kaheka St, Honolulu, HI 96814
- Price: $500,000
- 2 bedrooms, 1.5 bathrooms
- Square feet: 803
- See 750 Kaheka St, Honolulu, HI 96814 on Redfin.com
91-1018 Mikohu St, Ewa Beach, HI 96706
- Price: $500,000
- 2 bedrooms, 1.5 bathrooms
- Square feet: 717
- See 91-1018 Mikohu St, Ewa Beach, HI 96706 on Redfin.com
98-500 Koauka Loop, Aiea, HI 96701
- Price: $499,000
- 2 bedrooms, 1 bathroom
- Square feet: 840
- See 98-500 Koauka Loop, Aiea, HI 96701 on Redfin.com
98-402 Koauka Loop, Aiea, HI 96701
- Price: $500,000
- 2 bedrooms, 1 bathroom
- Square feet: 772
- See 98-402 Koauka Loop, Aiea, HI 96701 on Redfin.com
94-1147 Mopua Loop, Waipahu, HI 96797
- Price: $499,000
- 2 bedrooms, 1 bathroom
- Square feet: 750
- See 94-1147 Mopua Loop, Waipahu, HI 96797 on Redfin.com
94-519 Lumiaina St, Waipahu, HI 96797
- Price: $499,000
- 2 bedrooms, 1 bathroom
- Square feet: 657
- See 94-519 Lumiaina St, Waipahu, HI 96797 on Redfin.com
1088 Bishop St, Honolulu, HI 96813
- Price: $499,900
- 1 bedroom, 1.5 bathrooms
- Square feet: 967
- See 1088 Bishop St, Honolulu, HI 96813 on Redfin.com
1778 Ala Moana Blvd, Honolulu, HI 96815
- Price: $499,000
- 1 bedroom, 1 bathroom
- Square feet: 724
- See 1778 Ala Moana Blvd, Honolulu, HI 96815 on Redfin.com
134 Kapahulu Ave, Honolulu, HI 96815
- Price: $500,000
- 0 bedrooms, 1 bathroom
- Square feet: 363
- See 134 Kapahulu Ave, Honolulu, HI 96815 on Redfin.com
2425 Kuhio Ave, Honolulu, HI 96815
- Price: $500,000
- 0 bedrooms, 1 bathroom
- Square feet: 359
- See 2425 Kuhio Ave, Honolulu, HI 96815 on Redfin.com
