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

$281,900

  • 7.6% 1-year change
  • None 1-year forecast

The median home value in Hilo is $281,900. Hilo home values have gone up 7.6% over the past year. The median list price per square foot in Hilo is $214, which is lower than the Hilo Metro average of $275. The median price of homes currently listed in Hilo is $285,000 while the median price of homes that sold is $285,400. The median rent price in Hilo is $1,275, which is lower than the Hilo Metro median of $1,352.

Foreclosures will be a factor impacting home values in the next several years. In Hilo 0.7 homes are foreclosed (per 10,000). This is lower than the Hilo Metro value of 13.9 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 10.3%, which is higher than the national value of 6.4%. 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 11.6%, which is lower than Hilo Metro at 15.0%.

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Relative ZHVI
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Hilo Market Overview

Data through Dec 31, 2014
  • $281,900 ZHVI
  • No data 1-yr forecast
  • $285,000 Median listing price
  • $285,400 Median sale price (Nov 30, 2014)
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Hilo Market Health

Data through Dec 31, 2014
  • 7.9/10 Very 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
  • 11.6% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 10.3% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)

Homes foreclosed (per 10,000)

0.7 homes(Oct 31, 2014) Hilo
13.9 homes Hilo Metro
4 homes United States
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Nearby Cities

Name Median ZHVI
Kailua Kona $435,100
Waimea $417,300
Waikoloa $401,800
Name Median ZHVI
Papaikou $326,000
Honokaa $307,900
Keaau $252,200
Name Median ZHVI
Mountain View $202,000
 
 

Listings & Sales

Data through Dec 31, 2014
  • $214 Median list price / sq ft
  • $208 Median sale price / sq ft (Nov 30, 2014)
  • 12.6% Listings with price cut
19.1%
Sold below listing
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Hilo Rentals

Data through Dec 31, 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)
  • $1,275 Rent list price
  • No data Rent list price / sq ft
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