Is now a good time to buy a home in Hawaii?
The typical home value in Hawaii is $838K as of Aug 2026 (Zillow Home Value Index), up 1.6% from a year earlier. Over five years prices have compounded at +2.9% a year. Prices are 9.5% below their 10-year trend line.
Hawaii price trend & forecast
Cities in Hawaii ranked by buy-timing score
| City | Typical value | 1Y change | 5Y CAGR | 12M outlook | Signal | Buy-timing |
|---|---|---|---|---|---|---|
| Ewa Beach | $837K | +2.5% | +1.6% | +1.4% | ACCUMULATE | 67/100 |
| Kahului | $1.02M | -1.9% | +4.6% | -0.5% | ACCUMULATE | 67/100 |
| Waianae | $580K | +3.7% | +2.0% | +0.9% | ACCUMULATE | 66/100 |
| Wailuku | $913K | -1.8% | +4.5% | -0.8% | ACCUMULATE | 66/100 |
| Kapolei | $847K | +2.2% | +2.5% | +1.2% | ACCUMULATE | 64/100 |
| Wahiawa | $868K | +4.1% | +3.0% | +1.6% | ACCUMULATE | 64/100 |
| Waipahu | $870K | +3.7% | +3.0% | +1.4% | ACCUMULATE | 63/100 |
| Kaneohe | $1.10M | +4.7% | +2.9% | +2.1% | ACCUMULATE | 63/100 |
| Kapaa | $956K | +2.2% | +5.5% | +0.2% | ACCUMULATE | 63/100 |
| Kailua | $1.54M | +3.0% | +4.1% | +1.5% | ACCUMULATE | 60/100 |
| Hilo | $559K | +5.2% | +5.3% | +1.4% | ACCUMULATE | 60/100 |
| Lahaina | $965K | -6.4% | +1.4% | -3.5% | WAIT | 60/100 |
| Kihei | $989K | -6.8% | +2.3% | -4.2% | WAIT | 59/100 |
| Aiea | $829K | +1.4% | +1.9% | +0.1% | ACCUMULATE | 58/100 |
| Pahoa | $288K | -1.2% | +2.0% | -3.0% | WAIT | 50/100 |
Frequently asked questions
Is now a good time to buy a home in Hawaii?
As of Aug 2026, our buy-timing signal for Hawaii is ACCUMULATE — prices are near fair value with a modest expected change (+0.9% over 12 months). Buy opportunistically and negotiate on price. Seasonally, prices tend to be softest around Jan 2027. Buy-timing score: 64/100.
Will home prices in Hawaii go down in 2027?
The model projects +0.9% over the next 12 months: about $846K by Aug 2027, with an 80% range of $822K–$870K (today $838K). Forecasts are statistical and can be wrong — rates, supply and local events matter.
What is the average home price in Hawaii?
The typical (mid-tier) home value in Hawaii is $838K as of Aug 2026, +1.6% year over year.
What is the cheapest time of year to buy in Hawaii?
Historically, prices in Hawaii run lowest in January, about 0.8% below the annual average, and highest in June.
Which areas in Hawaii have the best buy-timing right now?
Highest buy-timing scores: Ewa Beach (67/100, ACCUMULATE), Kahului (67/100, ACCUMULATE) and Waianae (66/100, ACCUMULATE). Fastest-rising prices: Hilo (+5.2%), Kaneohe (+4.7%) and Wahiawa (+4.1%).
Other states
Source & method
Data: Zillow Home Value Index (ZHVI) — all homes, mid-tier, raw monthly, monthly, latest Aug 2026. Page regenerated 2026-10-08 22:04 PDT. Signals combine valuation vs the long-run trend, momentum and a damped-trend forecast with seasonal adjustment; the “best price window” is the lowest point of the projected path. BUY = prices projected to rise and not stretched; ACCUMULATE = near fair value; WAIT = a dip is projected; HOT = running well ahead of trend; CAUTION = stretched with fading momentum.