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

$276,700

  • 1.5% 1-year change
  • None 1-year forecast

The median home value in Hilo is $276,700. Hilo home values have gone up 1.5% over the past year. The median list price per square foot in Hilo is None.

Foreclosures will be a factor impacting home values in the next several years. In Hilo 1.7 homes are foreclosed (per 10,000). This is lower than the Hilo Metro value of 2.1 and also lower than the national value of 3.9

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 6.3%. 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 10.6%, which is lower than Hilo Metro at 13.5%.

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Relative ZHVI
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Hilo Market Overview

Data through Apr 30, 2015
  • $276,700 ZHVI
  • No data 1-yr forecast
  • No data Median listing price
  • $258,500 Median sale price (Mar 31, 2015)
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Hilo Market Health

Data through Apr 30, 2015
  • 6.5/10 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.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 10.6% Homes with negative equity (16.9% US Avg) (Dec 31, 2014)
  • 9.8% Delinquent on mortgage (6.3% US Avg) (Dec 31, 2014)

Homes foreclosed (per 10,000)

1.7 homes(Mar 31, 2015) Hilo
2.1 homes Hilo Metro
3.9 homes United States
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Nearby Cities

Name Median ZHVI
Waimea $388,900
Kailua Kona $376,500
Waikoloa $345,500
Name Median ZHVI
Honokaa $281,000
Papaikou $253,300
Keaau $229,600
Name Median ZHVI
Mountain View $169,600
 
 

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $173 Median sale price / sq ft
  • No data Listings with price cut
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Hilo Rentals

Data through Apr 30, 2015
  • 1.3 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • No data Rent list price
  • $1.71 Rent list price / sq ft
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