Home Values

Hilo Metro 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

$312,000

  • 20.6% 1-year change
  • None 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this metro relative to other metros across the US. A particular metro may be identified as a good market for buyers in a national market favorable to sellers overall. Learn more

Warm

Buyers' Market
Sellers' Market

The median home value in Hilo Metro is $312,000. Hilo Metro home values have gone up 20.6% over the past year. The median list price per square foot in Hilo Metro is $264, which is lower than the Hawaii average of $413. The median price of homes currently listed in Hilo Metro is $350,000 while the median price of homes that sold is $331,750. The median rent price in Hilo Metro is $1,500, which is lower than the Hawaii median of $2,000.

Foreclosures will be a factor impacting home values in the next several years. In Hilo Metro 2.2 homes are foreclosed (per 10,000). This is greater than the Hawaii value of 1.1 and also lower than the national value of 4.5

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 Metro is 14.0%, 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 Metro homeowners underwater on their mortgage is 16.4%, which is higher than Hawaii at 8.5%.

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Relative ZHVI
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Hilo Metro Market Overview

Data through Oct 31, 2014
  • $312,000 ZHVI
  • No data 1-yr forecast
  • $350,000 Median listing price
  • $331,750 Median sale price
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Hilo Metro Market Health

Data through Oct 31, 2014
  • 8.7/10 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
  • 16.4% Homes with negative equity (17.0% US Avg) (Jun 30, 2014)
  • 14.0% Delinquent on mortgage (6.9% US Avg) (Jun 30, 2014)

Homes foreclosed (per 10,000)

2.2 homes Hilo Metro
1.1 homes Hawaii
4.5 homes United States
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Cities in Hilo Metro

Name Median ZHVI
Kailua Kona $426,300
Waimea $410,400
Kapaau $343,400
Name Median ZHVI
Captain Cook $319,200
Papaikou $311,400
Honokaa $307,300
Name Median ZHVI
Hilo $275,500
Keaau $249,400
Mountain View $195,500

Listings & Sales

Data through Oct 31, 2014
  • $264 Median list price / sq ft
  • $246 Median sale price / sq ft
  • 26.2% Listings with price cut
20.2%
Sold below listing
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Hilo Metro Rentals

Data through Oct 31, 2014
  • Zillow Rent Index

  • $2,248 Hawaii
    $1,337 United States

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

  • 2.2 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,500 Rent list price
  • No data Rent list price / sq ft
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