Honolulu housing market: median home price and forecast
Honolulu home prices: in September 2026 the Zillow Home Value Index put the typical home in Honolulu, Hawaii at $774,710, up +2.3% from a year earlier and −4.0% below the peak of $807,326 set in July 2022.
- Value of the typical home
- $774,710September 2026, Zillow ZHVI
- Change over 12 months
- Change of +2.3% from the September 2025 level.
Honolulu home prices since 2000
Honolulu is the steel line; the United States is the grey line. From January 2000, the typical Honolulu home has risen from $251,122 to $774,710, ×3.08, while the US over the same months came to ×2.99. The boom high was $594,979 in June 2008, and the low came at $466,344 in December 2009, −21.6%.
Honolulu median home price by year
Each yearly figure averages the twelve monthly values; for 2026 the latest month is shown.
| Year | Honolulu | Change on the year | United States |
|---|---|---|---|
| 2000 | $258,969 | $125,745 | |
| 2001 | $272,261 | +5.1% | $134,899 |
| 2002 | $290,311 | +6.6% | $144,276 |
| 2003 | $328,314 | +13.1% | $155,308 |
| 2004 | $387,400 | +18.0% | $169,891 |
| 2005 | $470,380 | +21.4% | $189,732 |
| 2006 | $551,247 | +17.2% | $206,531 |
| 2007 | $565,552 | +2.6% | $208,449 |
| 2008 | $567,594 | +0.4% | $195,574 |
| 2009 | $504,369 | −11.1% | $177,542 |
| 2010 | $491,101 | −2.6% | $171,462 |
| 2011 | $491,966 | +0.2% | $162,508 |
| 2012 | $487,085 | −1.0% | $161,137 |
| 2013 | $516,543 | +6.0% | $171,420 |
| 2014 | $558,363 | +8.1% | $182,996 |
| 2015 | $588,199 | +5.3% | $192,738 |
| 2016 | $612,081 | +4.1% | $204,509 |
| 2017 | $643,591 | +5.1% | $216,767 |
| 2018 | $663,222 | +3.1% | $230,541 |
| 2019 | $666,222 | +0.5% | $242,088 |
| 2020 | $663,445 | −0.4% | $257,151 |
| 2021 | $702,877 | +5.9% | $295,959 |
| 2022 | $790,156 | +12.4% | $340,014 |
| 2023 | $776,183 | −1.8% | $348,160 |
| 2024 | $773,412 | −0.4% | $359,751 |
| 2025 | $764,440 | −1.2% | $362,959 |
| September 2026 | $774,710 | +2.3% | $366,157 |
What a Honolulu home bought in a given year is worth now
An index-based estimate for a typical home rather than an appraisal of it.
Each year's figure averages the twelve monthly index values; the current value is September 2026. Other options: home appreciation calculator.
Thinking of a sale? Compare agents in your area on Realtor.com. Advertising disclosure: links like this one may pay the site, and they never change a number. Disclosure.
Honolulu housing market forecast
In the Urban Honolulu, HI metro, Zillow's forecast shows +0.1% across the 12 months from September 2026, with 0% over the next three months. With Honolulu's typical value at $774,710, the forecast would land near $775,500 a year from now.
Nothing here is the site's own forecast: it restates Zillow's central estimate for the metro. A 12-month forecast like this one has typically been off by several percentage points from the change that actually happened, in both directions. This is not investment advice.
All metro forecasts in one table: housing market forecast.
Honolulu housing market crash risk score
Score of 69 out of 100, high
Against the 292 cities, the score ranks Honolulu on five conditions that ran high before earlier price falls. Every input is scored from 0 to 100 relative to the other cities, and the five scores are then averaged with equal weight. It shows conditions as they are now; it does not predict a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | +11.8% | 62 | 20% |
| Days on the market vs 2019 | +24.6% | 84 | 20% |
| Price-to-rent ratio | 23.8 | 79 | 20% |
| Price-to-income ratio | 9.0 | 94 | 20% |
| 12-month price change | +2.3% | 28 | 20% |
This is not investment advice. How the inputs get their scores: methodology. Every one of the 292 cities, ranked: crash risk by city.
Honolulu inventory and days on market
In September 2026 the Urban Honolulu, HI count of homes for sale in the metro was 3,483, up +6.4% on a year earlier and up +11.8% against September 2019. The median time to sell a listing was 76 days (+24.6% against 2019), and price cuts appeared on 14.2% of listings.
| Urban Honolulu, HI metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 3,483 | +6.4% |
| New listings | 884 | |
| Median days on market | 76 | −6.8% |
| Median list price | $675,000 | +3.9% |
| Share with a price cut | 14.2% |
Metro inventory from Realtor.com® Economic Research. Realtor.com figures. All metros: days on market for each city.
Honolulu cost of living
The Zillow Observed Rent Index puts Honolulu's typical asking rent at $2,715 a month, +4.2% on a year. That rent would take 23.8 years to cover the typical home. The median household income, $86,169 (Census ACS 2024), puts the typical home at 9.0 times one year of household income. BEA reports prices in the metro at 111.0 compared with a US average of 100, and metro housing costs at 135.5.
The salary needed to move there, plus rent and prices: cost of living in Honolulu.
Other Hawaii housing markets
- Hilo housing market $562,242.
Statewide view: Hawaii housing market data.
How to read this chart
In Honolulu, every plotted point comes from Zillow Home Value Index for Honolulu and shows what a typical home in the market's middle third was worth, smoothed and seasonally adjusted, in that month's dollars. A hollow dot marks the month picked on the slider, and a terracotta dot marks the newest month. Nothing here is adjusted for inflation, and an index describes the typical home rather than any one house: value a single home from its own sale price using the card above or the home appreciation calculator.