Housing in Hilo
Detailed housing data — sourced from authoritative datasets and normalized for direct comparison.
Housing in Hilo, Hawaii
The housing market in Hilo is characterized by higher costs compared to the national average. The median property value in Hilo was $483,000 in 2024. For renters, the average rent for a 1-bedroom apartment is around $1,800 per month, and a 2-bedroom rental averages $2,050 per month as of August 2026. The cost of housing in Hilo is approximately 48.6% higher than the national average, with home prices being 59.7% higher. The coastal nature of the area limits available buildable land, contributing to lower housing inventory and impacting overall costs for both buyers and renters. The homeownership rate in Hilo was 66.1% in 2024, which is slightly higher than the national average.
Housing
About Hilo, Hawaii
Hilo, the county seat of Hawaiʻi County, is the largest settlement on the Big Island of Hawaii. Nestled on the island's eastern, windward side, it is renowned for its lush rainforests and frequent tropical showers, which contribute to its vibrant green landscape year-round. Hilo offers a unique blend of natural beauty, cultural richness, and a relaxed, small-town atmosphere, making it an attractive destination for those seeking a slower pace of life amidst stunning scenery. The city serves as a hub for education, healthcare, and commerce for the eastern side of the island, with institutions like the University of Hawaiʻi at Hilo contributing to its dynamic community. Hilo's history is deeply rooted in its past as a thriving sugar plantation town, which brought diverse populations from Asia, shaping its multicultural character. Today, it continues to evolve, balancing its historical charm with modern developments and a growing emphasis on sustainability and local industries.
About Hawaii
Hawaii is characterized by its unique island geography, diverse cultural heritage, and a pervasive "Aloha Spirit" emphasizing love, compassion, and community. The economy is heavily reliant on tourism, which is the largest industry, contributing significantly to the state's gross product. Other major industries include military defense, diversified agriculture, and emerging sectors like healthcare, technology, and renewable energy. Living in Hawaii is notably expensive, with a cost of living index nearly double the national average, primarily driven by high housing, utility, and grocery costs due to its isolated location and dependence on imports. The climate is tropical with year-round warm temperatures, consistent trade winds, and distinct wet and dry seasons, though local variations can range from humid tropical to alpine. The lifestyle is generally laid-back and deeply connected to outdoor activities and nature, with residents enjoying a high life expectancy.