Data report · September 2026
The state of the Hawaii housing market.
Median home value and city-by-city trends across Hawaii, from Zillow Home Value Index data. Free to cite with attribution to Home Value Pros.
Hawaii median value
$842K
Zillow ZHVI, September 2026
Cities covered
3
with published pages
Report video
Monthly
per city, on each hub
The outlook
Hawaii housing market forecast 2027
-0.1%
Weighted average of Zillow's ZIP forecasts, 12 months to September 2027
A weighted average of Zillow's ZIP forecasts, across 78 Hawaii ZIP codes, points to typical home values holding roughly flat by September 2027 (down 0.1%).
Over the 12 months through September 2026, typical home values in Hawaii rose 2.9%, per the Zillow Home Value Index.
Will home prices drop in Hawaii?
Not by much, on the forecasts: a weighted average of Zillow's ZIP forecasts for Hawaii shows typical home values holding roughly flat by September 2027 (down 0.1%), after a 2.9% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.
How this is calculated: each ZIP code's 12-month Zillow forecast is weighted by its typical home value (Zillow Home Value Index, September 2026). 78 Hawaii ZIP codes have both figures.
Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.
Metro areas
Which Hawaii metro areas does Zillow expect to rise or fall?
Zillow's 12-month home value forecast for each metro area whose principal city is in Hawaii, through September 2027, largest first.
- 1Urban Honolulu, HI+0.1%
- 2Hilo, HI+0.2%
- 3Kahului, HI-2.7%
- 4Kapaa, HI+1.3%
Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.
Where values are climbing
Fastest appreciating Hawaii cities
- $733KUp3.5%
- $1.53MUp2.7%
- $827KUp2.3%
Where the market is cooling
Fastest cooling Hawaii cities
- $827KUp2.3%
- $1.53MUp2.7%
- $733KUp3.5%
Priciest markets in the state
Most expensive Hawaii cities by median value
- $1.53M
- $827K
- $733K
Common questions
What people ask us.
Will home prices go up in Hawaii in 2027?
A weighted average of Zillow's ZIP forecasts, across 78 Hawaii ZIP codes, points to typical home values holding roughly flat by September 2027 (down 0.1%). Forecast: a weighted average of Zillow's ZIP forecasts (Zillow Home Value Forecast, published October 2026), calculated by Home Value Pros. A forecast, not a guarantee.
What is the typical home value in Hawaii?
The typical home value in Hawaii is $842,093 as of September 2026, the median Zillow Home Value Index across ZIP codes in the state.
How much have Hawaii home values changed in the past year?
The median home value in Hawaii changed +2.9% over the 12 months ending September 2026, based on the Zillow Home Value Index.
Methodology & attribution
Figures are medians of the latest Zillow Home Value Index (ZHVI) across each city's published ZIPs in Hawaii, as of September 2026. Year-over-year change compares each market to the same month a year earlier, paired ZIPs only. Data and analysis by Home Value Pros; cite with a link to this report. See the national housing market report and the Hawaii market index.