Honolulu
Hawaii · Ranked #371 of 373 metros
12Crisis
💡
Housing in Honolulu costs 10.4× the median income, above the national average of 4.5×. The median home price is $880K and median rent is $2,200/month. Honolulu ranks #371 of 373 metros for affordability.
Median Home Price
🏠$880K
Need $253K income
Median Rent
🔑$2,200
Need $88K income
Housing Shortage
📉35,000
units needed
Building Permits
🔨3,500
annual
Median Income
💰$85K
Pop: 1,016,508
Rent Burden
⚠️42.0%
of renters paying >30%
Price Change (YoY)
📈+3.5%
Homeownership
🏡57.5%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Honolulu | National |
|---|---|---|
| Price-to-Income Ratio | 10.4x | 6.1x |
| Rent Burden | 42.0% | 31.5% |
| Homeownership Rate | 57.5% | 65.5% |
| YoY Price Change | +3.5% | +3.5% |
| YoY Rent Change | +2.8% | +2.8% |
| Mortgage Denial Rate | 12.0% | 13.5% |
| Eviction Rate | 1.5% | 3.6% |
Redfin Market Activity
Median Sale Price
$700K
Active Inventory
3,696
Days on Market
100
Sold Above List
17.3%
Price Drops
14.4%