Home Values

Hilo Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$272,900

  • 7.3% 1-year change
  • None 1-year forecast

The median home value in Hilo is $272,900. Hilo home values have gone up 7.3% over the past year. The median list price per square foot in Hilo is $211, which is lower than the Hilo Metro average of $270. The median price of homes currently listed in Hilo is $287,000 while the median price of homes that sold is $235,750. The median rent price in Hilo is $1,325, which is lower than the Hilo Metro median of $1,500.

Foreclosures will be a factor impacting home values in the next several years. In Hilo 0.9 homes are foreclosed (per 10,000). This is lower than the Hilo Metro value of 2.9 and also lower than the national value of 4.0

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 Sep 30, 2014
  • $272,900 ZHVI
  • No data 1-yr forecast
  • $287,000 Median listing price
  • $235,750 Median sale price
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Hilo Market Health

Data through Sep 30, 2014
  • 6.7/10 Healthy
    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)

0.9 homes Hilo
2.9 homes Hilo Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Kailua Kona $418,900
Waimea $405,600
Waikoloa $387,500
Name Median ZHVI
Honokaa $302,000
Papaikou $299,500
Keaau $246,300
Name Median ZHVI
Mountain View $193,300
 
 

Listings & Sales

Data through Sep 30, 2014
  • $211 Median list price / sq ft
  • $194 Median sale price / sq ft
  • 27.2% Listings with price cut
19.7%
Sold below listing
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Hilo Rentals

Data through Sep 30, 2014
  • 2.0 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,325 Rent list price
  • No data Rent list price / sq ft
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