Hilo Home Prices & Values

$285,300 Zillow Home Value Index What's This?  
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The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

  • 13.3% 1-year change
  • No data 1-year forecast

The median home value in Hilo is $285,300. Hilo home values have gone up 13.3% over the past year. The median list price per square foot in Hilo is $209, which is lower than the Hilo Metro average of $277. The median price of homes currently listed in Hilo is $287,000 while the median price of homes that sold is $241,600.

Foreclosures will be a factor impacting home values in the next several years. In Hilo 0.6 homes are foreclosed (per 10,000). This is lower than the Hilo Metro value of 2.8 and also lower than the national value of 4.3

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Hilo is 9.8%, which is higher than the national value of 6.9%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Hilo homeowners underwater on their mortgage is 11.1%, which is lower than Hilo Metro at 16.4%.

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Relative ZHVI
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Hilo Market Overview

Data through Aug 31, 2014
  • $285,300 ZHVI
  • No data 1-yr forecast
  • $287,000 Median listing price
  • $241,600 Median sale price (Jul 31, 2014)
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Hilo Market Health

Data through Aug 31, 2014
  • 7.2/10 Healthy What's This?  
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    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.

  • No data Average days on Zillow
  • 11.1% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 9.8% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

0.6 homes Hilo
2.8 homes Hilo Metro
4.3 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Waimea $419,600 Kailua Kona $414,700 Waikoloa $392,000
Honokaa $298,300 Papaikou $275,900 Keaau $250,700
Mountain View $183,000    

Listings & Sales

Data through Aug 31, 2014
  • $209 Median list price / sq ft
  • $193 Median sale price / sq ft (Jul 31, 2014)
  • 24.1% Listings with price cut
15.2%
Sold below listing
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Hilo Rentals

Data through Aug 31, 2014
  • 2.0 Breakeven horizon What's This?  
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    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more

    (Jun 30, 2014)
  • No data Rent list price
  • $2.03 Rent list price / sq ft
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