The typical owner-occupied home in Hawaii is worth about $839,100, 2.5 times the national median of $332,700. Owners pay a median $2,239 a year in property taxes, about 0.27% of their home's value, lower than the national rate of 0.94%. The median household earns $100,389 a year, so the median home costs 8.4 times the median income (4.1 times for the U.S.). 63% of occupied homes here are lived in by their owners, and 63% of those owners still have a mortgage.
Hawaii at a glance
| Hawaii | U.S. | |
|---|---|---|
| Median home value | $839,100 | $332,700 |
| Median property tax paid per year | $2,239 | $3,119 |
| Property tax as a share of value | 0.27% | 0.94% |
| Median household income | $100,389 | $80,734 |
| Homes lived in by their owners | 63% | 65% |
| Owner homes with a mortgage | 63% | 61% |
| Median monthly costs, owners with a mortgage | $2,904 | $1,963 |
| Those costs as a share of the owners' income | 25.7% | 21.0% |
| Median rent | $1,971 | $1,413 |
| Rent as a share of renters' income | 33.2% | 30.6% |
| Median year homes were built | 1980 | 1980 |
| Vacant homes | 13.3% | 10.1% |
| Population | 1,445,235 | 334,922,499 |
What a typical home costs per month in Hawaii
At this week's average 30-year rate of 7.11%, buying the median Hawaii home of $839,100 with 20% down costs about $5,054 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $6,587, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $216,607 for the 20%-down payment. That payment is 60% of the median Hawaii household income of $100,389; at that income and 20% down, the 28% guideline points to a home of about $389,000.
The median rent here is $1,971 a month, so owning the median home costs about $3,083 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $167,820 |
|---|---|
| Loan amount | $671,280 |
| Principal and interest | $4,516 |
| Property taxes (0.27% a year) | $189 |
| Homeowners insurance (our estimate, 0.5% a year) | $350 |
| PMI | $0 |
| Total per month | $5,054 |
Change the numbers in the calculator
| Down payment | $29,368 |
|---|---|
| Loan amount | $823,902 |
| Principal and interest | $5,542 |
| Property taxes (0.27% a year) | $189 |
| Homeowners insurance (our estimate, 0.5% a year) | $350 |
| FHA mortgage insurance | $506 |
| Total per month | $6,587 |
Change the numbers in the calculator
Questions about home buying in Hawaii
What is the median home value in Hawaii?
About $839,100 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Hawaii?
Homeowners pay a median $2,239 a year, which is about 0.27% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Hawaii?
For the median home with 20% down at 7.11%, the payment is about $5,054 a month. Keeping that under 28% of gross income takes about $216,607 a year.
More about Hawaii
- Mortgage Refinance in Hawaii
- Debt Relief in Hawaii
- Home Equity Loans in Hawaii
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data