Hilo, HI home prices
Typical home $574,746 · +1.8% in a year · income needed $150,600
The Hilo, HI metro area ranks 48 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +1.8% in a year and +20.8% over five years. With 20% down at 7.11%, the typical home costs about $3,515 a month including 0.28% property tax (Hawaii County rate).
Mortgage on the typical Hilo home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $114,949 | $459,797 | $3,093 | $0 | $422 | $3,515 | $150,600 |
| 10% down | $57,475 | $517,272 | $3,480 | $216 | $422 | $4,117 | $176,500 |
| 5% down | $28,737 | $546,009 | $3,673 | $228 | $422 | $4,322 | $185,200 |
| 3.5% down (FHA) | $20,116 | $564,336 | $3,796 | $254 | $422 | $4,472 | $191,700 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.28% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Hilo area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Hawaii County, HI | $574,749 | +1.9% | 0.28% |
What can you afford in Hawaii on your salary? · Hawaii home prices · Salaries in Hawaii
Frequently asked questions
How much is a house in Hilo?
The typical home in the Hilo, HI metro area is worth $574,746 (Zillow, September 2026).
What salary do you need to buy a house in Hilo?
About $150,600 a year for the typical home with 20% down at 7.11%.