Honolulu, HI
Honolulu County · Pop. 343,302
Ranked #227 of 243 cities
16Crisis
Median Home Price
🏠$850K
2.0% YoY
Median Rent
🔑$2,400
1.5% YoY
Median Income
💰$82K
Rent Burden
📊36.0%
% of income to rent
Income to Buy
🏦$244K
annual income needed
Income to Rent
📝$96K
annual income needed
Price-to-Income
⚖️10.4x
Homeownership
🏡50.0%
Rent vs. Buy
Buy
$4,524/mo
Est. mortgage (7%, 20% down)
Need $244K/yr income
Rent
$2,400/mo
Median rent
Need $96K/yr income
How Honolulu Compares
| Metric | Honolulu | Hawaii | National |
|---|---|---|---|
| Home Price | $850K | $846K | $410K |
| Rent | $2,400 | $1,940 | $1,500 |
| Income | $82K | $95K | $75K |
| Rent Burden | 36.0% | 42.0% | 30.0% |
Key Takeaways
- • Home prices in Honolulu are 107% higher than the national average.
- • Rent is 60% higher than the national average.
- • You need an income of $244K to comfortably buy a home here.
- • The homeownership rate is 50.0%, compared to 65.0% nationally.