Hilo Home Prices & Values

$287,500 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

  • 14.9% 1-year change
  • No data 1-year forecast

The median home value in Hilo is $287,500. Hilo home values have gone up 14.9% over the past year. The median list price per square foot in Hilo is $208, which is lower than the Hilo Metro average of $277. The median price of homes currently listed in Hilo is $285,000 while the median price of homes that sold is $226,650.

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 3.0 and also lower than the national value of 4.4

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 9.4%, which is higher than the national value of 7.2%. 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 12.0%, which is lower than Hilo Metro at 17.2%.

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Relative ZHVI
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Hilo Market Overview

Data through Jul 31, 2014
  • $287,500 ZHVI
  • No data 1-yr forecast
  • $285,000 Median listing price
  • $226,650 Median sale price (Jun 30, 2014)
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Hilo Market Health

Data through Jul 31, 2014
  • 9.5/10 Very 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 of days on Zillow
  • 12.0% Homes with negative equity (18.8% US Avg) (Mar 31, 2014)
  • 9.4% Delinquent on mortgage (7.2% US Avg) (Mar 31, 2014)

Homes foreclosed (per 10,000)

0.9 homes Hilo
3 homes Hilo Metro
4.4 homes United States
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Nearby Cities

Name Median ZHVI Name Median ZHVI Name Median ZHVI
Waimea $418,100 Kailua Kona $411,400 Waikoloa $381,400
Honokaa $300,500 Papaikou $295,200 Keaau $250,400
Mountain View $188,600    

Listings & Sales

Data through Jul 31, 2014
  • $208 Median list price / sq ft
  • $192 Median sale price / sq ft (Jun 30, 2014)
  • 24.6% Listings with price cut
13.8%
Sold below listing
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Hilo Rentals

Data through Jul 31, 2014
Zillow Rent Index What's This?
Close The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more
$1,616 Hilo
$1,603 Hilo Metro
$1,318 United States
  • 3.0 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, 2013)
  • No data Rent list price
  • $2.03 Rent list price / sq ft
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