22 / 100

Hawaii County, HI

Hilo

RANK #768 / 996 NAT  ·  POP 202,163

1YR FORECAST: -0.5%

5YR OUTLOOK: +17%

Our model projects Hawaii County's housing market at -0.5% over the next year, underperforming most U.S. counties.

[01] Why Hawaii County?

Hawaii County, coextensive with the Island of Hawaiʻi, often called the "Big Island," is distinguished by its dramatic volcanic landscapes, including the active Kīlauea volcano and the towering Mauna Kea. Hilo, the county seat, sits on the lush, rainy windward side, while Kailua-Kona is a hub on the drier leeward coast. The island's diverse geography offers everything from black sand beaches to rainforests. Commute times vary across this large island, but public transit, known as Hele-On, provides free bus service across the entire island, including routes to popular destinations like Hawaiʻi Volcanoes National Park. Outdoor recreation opportunities are abundant, with numerous state and county parks, hiking trails, and ocean activities like snorkeling and surfing.

Life on Hawaiʻi Island often involves a deep connection to the land and a community-focused lifestyle. While the state generally ranks well for quality of life due to climate and recreational opportunities, Hawaii County has faced challenges in some quality of life indicators compared to other Hawaiian counties. The economy is driven by tourism and agriculture, with recent job growth in sectors like arts, entertainment, and recreation. There is also ongoing investment and development in energy sectors. The public school system is managed statewide, with various public, charter, and private schools available across the island.

[02] Market Snapshot

Housing Ratio
9.8x

Overvalued relative to economy

GDP Growth
+4.3%

Well above national median

Home Prices
-1.7%

Prices declining

Price/Rent
15x

Above national median (13x)

Housing looks overvalued at 9.8x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Hilo Medical Center Healthcare
    1,000+
  2. 2
    Hilton Waikoloa Village Hospitality
    500+
  3. 3
    Westin Hapuna Beach Resort Hospitality
  4. 4
    Mauna Kea Spa By Mandara Hospitality
  5. 5
    Hawaii County Police Department Government
    250+
  6. 6
    Kona Community Hospital Healthcare
  7. 7
    Hualalai Spa At Four Seasons Hospitality
  8. 8
    Walmart Retail
  9. 9
    Hawaii County Public Works Government
  10. 10
    Marriott-Waikoloa Beach Hospitality

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Hawaii County U.S. National

The Numbers

DEMOGRAPHICS
Population
202,163
+0.85% YoY
Median Household Income
$74,238
Median Home Value
$454,900
-1.69% 12mo
Median Rent
$1,352
Average Annual Pay
$57,868
+4.7% YoY
Employment
74,029
+2.0% YoY
Income-to-Home-Value
0.1632
Less affordable than average
Migration Inflow
0.93%
of pop. from another state
Bachelor's Degree+
30.7%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$641,000
Days on Market
106
Slower market
Months of Supply
8.0
Buyer's market
Sale-to-List Ratio
96.8%
Negotiation room for buyers
Sold Above List
15.8%
Listings w/ Price Drops
22.9%
Building Permits (2024)
982
Single-Family Permits
974

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
3.7
per 100K · nat avg 6.3
Firearm Fatalities
7.7
per 100K · nat avg 14.8
Injury Deaths
76.0
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B+
AIR QUALITY
GRADE
Median AQI (3yr)
27.7
Good
Good Air Days
91%
1,000 of 1,095 days
Unhealthy+ Days (3yr)
0
Sensitive groups affected
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
27
2022
33
2023
23
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$296M
TOTAL
PROJECT AMOUNT STATUS
Keamuku Solar + Battery Storage
AES / Hawaiian Electric
$86M Planned
Haihai Street Workforce Housing
County of Hawaiʻi Office of Housing and Community Development
$50M Under Construction
ʻĀinakō Subdivision Housing
County of Hawaiʻi Office of Housing and Community Development
$50M Under Construction
Kaiminani Drive Workforce Housing
County of Hawaiʻi Office of Housing and Community Development
$50M Under Construction
Waikoloa Solar + Storage Project
AES Hawai'i
$30M Operating
Hale Kuawehi Solar + Battery Storage
Hawaiian Electric
$30M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +4.3% 76 percentile
Population Growth +0.8% 66 percentile
Income Growth +8.5% 51 percentile
Vacancy Rate 1.6% 19 percentile
Home Price Change -1.7% 16 percentile
Rent Growth +3.0% 51 percentile
Price/Rent 15x 33 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Hawaii County, HI a good place to move to?

At 22/100, Hawaii County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $74,238 combined with job growth of +2.0% suggests the local economy is struggling to keep pace with national trends.

Is Hawaii County affordable?

Hawaii County leans toward the expensive side. A median home value of $454,900 against an income-to-home-value ratio of 0.16 means housing eats a bigger share of local earnings than the national norm. Renters face $1,352/month on average.

Is Hawaii County growing or shrinking?

Hawaii County is growing on multiple fronts. Population is up +0.8% year-over-year while employers added jobs at a +2.0% clip. Home values shifted -1.7% in the past year.

Are many people relocating to Hawaii County?

Not particularly — 0.93% of Hawaii County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[10] Similar Counties by Size & Score

Honolulu County, HI 24 Kauai County, HI 9 Maui County, HI 0 Boone County, MO 22 Ulster County, NY 21 Shawnee County, KS 21 Centre County, PA 21 Parker County, TX 23