Historical data
Pick an indicator to see its long-run evolution.
Median home value
1990–2024Census / Zillow ZHVI, nominal dollars.
Home Prices
Hawaii's median home value of roughly $839,000 is the highest of any U.S. state.
FHFA House Price Index
1975–2025FHFA all-transactions index, annual average of quarters. Source: FHFA via FRED (HISTHPI).
| Indicator | Hawaii | U.S. |
|---|---|---|
| Median home value | 839000 | 360000 |
- •Hawaii's median home price is more than double the U.S. national median.
Median Home Value
Hawaii has the most expensive housing in the United States, with a median home value near $840,000.
Median value of owner-occupied homes
2008–2024Census American Community Survey 1-year estimates, B25077 (2020 not released).
| Indicator | Hawaii | U.S. |
|---|---|---|
| Median home value (USD) | 840000 | 340000 |
- •Honolulu regularly ranks among the least affordable housing markets in the U.S.
Rent Prices
Hawaii's median rent of about $1,950 a month is the highest of any U.S. state.
Rent of primary residence index (Urban Hawaii)
2018–2025BLS CPI-U, Urban Hawaii, annual average (CUURS49FSEHA).
| Indicator | Hawaii | U.S. |
|---|---|---|
| Median rent (monthly) | 1950 | 1360 |
Housing Inventory
Hawaii's housing inventory remains tight, with around 5,000 active listings statewide and roughly 3.5 months of supply.
Total housing units
2008–2024Census American Community Survey 1-year estimates, B25001 (2020 not released).
Vacant housing units
2008–2024Census American Community Survey 1-year estimates, B25002 (2020 not released).
Building Permits
Hawaii issued about 4,500 new housing permits in 2023, a low figure reflecting limited developable land.
New private housing units authorized
1988–2025Census Building Permits Survey, sum of 12 months (FRED HIBPPRIV).
Homeownership Rate
Hawaii's homeownership rate of about 62% is below the national average, reflecting the islands' steep home prices.
Homeownership rate (CPS/HVS)
1984–2025Census Housing Vacancy Survey, annual (FRED HIHOWN).
| Indicator | Hawaii | U.S. |
|---|---|---|
| Homeownership rate | 62 | 65.6 |
Housing Affordability
Hawaii is the least affordable state for housing in the country, with home prices running nearly nine times median household income.
Housing price level vs U.S. (RPP rents)
2008–2024BEA Regional Price Parities, housing services (SARPP line 3).
| Indicator | Hawaii | U.S. |
|---|---|---|
| Housing price level vs U.S. (RPP rents)2024, BEA Regional Price Parities | 125.3 | 100 |
Vacancy Rate
Hawaii's rental vacancy rate of about 5.0% reflects a persistently tight housing market.
Rental vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED HIRVAC).
Homeowner vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED HIHVAC).