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Salt Lake, Honolulu, HI—96815

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$503,000
1.4% YoY Growth
Household Income
$75,000
21.5% YoY Growth
Days on Market
94
16.0% Longer YoY
Home Price Forecast
0.1%
Median Rent
$2,600
1.0% YoY Growth
1-Bed Rent
$2,500
4.8% YoY Growth
2-Bed Rent
$3,500
7.6% YoY Growth
3-Bed Rent
$4,200
7.9% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Salt Lake, Honolulu, HI

As of Dec '25, the median home price in Salt Lake, Honolulu, HI is $503,000, with a year-over-year change of -1.4%. This indicates that home prices in Salt Lake, Honolulu, HI are decreasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$503,000-1.4%
Single Family $618,0000.3%
Condos $483,000-1.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $463,000
    -3.3%
    2 Bed
    		$647,000-1.2%
    3 Bed
    		$1,262,0000.5%
    4 Bed
    		$1,439,000-0.5%
    5 Bed $1,628,3890.5%
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    % of Housing Stock

    Studio
    29.6%
    1 Bedroom
    33.0%
    2 Bedrooms
    26.5%
    3 Bedrooms
    7.0%
    4 Bedrooms
    2.0%
    5+ Bedrooms
    1.9%

    Rental Trends — Salt Lake, Honolulu, HI

    As of July '25, Rentcast reports the average rent in Salt Lake, Honolulu, HI is $3,000, with a year-over-year rent change of -1.0%. Per bedroom, the median rent as of July '25 in Salt Lake, Honolulu, HI is studios: $2,020, 1-bedrooms: $2,640, 2-bedrooms: $4,100, 3-bedrooms: $4,420, 4-bedrooms: $7,120. The most common rental property sizes in Salt Lake, Honolulu, HI are 1-bedroom and studio, accounting for 34.6% and 34.5% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$2,600$3,000
    Studio Rent $1,850$2,020
    1 Bed Rent $2,500$2,640
    2 Bed Rent $3,500$4,100
    3 Bed Rent $4,200$4,420
    4 Bed Rent $4,250$7,120
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    % of Rental Stock

    Studio
    34.5%
    1 Bedroom
    34.6%
    2 Bedrooms
    23.0%
    3 Bedrooms
    5.6%
    4 Bedrooms
    1.4%
    5+ Bedrooms
    0.9%

    Property Listings — Salt Lake, Honolulu, HI

    As of Dec '25, Realtor.com reports that the median days on market for a home in Salt Lake, Honolulu, HI is 94. This is a increase of 26.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$527,000-6.0%
    Listing Count
    		7928.0%
    Listings as % of Homes2.5%8.0%
    Days on Market
    		9416.0%
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    Demographics — Salt Lake, Honolulu, HI

    As of the latest ACS Survey released in 2023, Salt Lake, Honolulu, HI has a population of 27,100, which has increased by 7.4% over the past 5 years. Salt Lake, Honolulu, HI is a less popular place for families, as children make up 10.0% of the population. The area has a highly educated workforce, with 46.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.8% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		27,1007.4%
    % Under 18
    		10.0%-2.0%
    % Seniors
    		25.3%25.9%
    % WFH
    		11.8%73.5%
    % w/ College Degree
    		46.9%3.8%
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    As of the latest ACS Survey released in 2023, Salt Lake, Honolulu, HI is a predominantly asian area, with 41.1% of the population identifying as asian. The asian population has grown by 5.4% in the last 5 years. The second most common race or ethnicity in Salt Lake, Honolulu, HI is white, making up 34.9% of the population. Foreign-born residents account for 29.7% of the population in Salt Lake, Honolulu, HI, and this percentage has decreased by 1.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		34.9%-7.7%
    % Black
    		1.8%-5.3%
    % Hispanic
    		5.9%1.7%
    % Asian
    		41.1%5.4%
    % Foreign Born
    		29.7%-1.0%
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    Mortgage and Risk — Salt Lake, Honolulu, HI

    According to HUD data as of 2023, there were 431 mortgage originations in Salt Lake, Honolulu, HI, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 67.0%, with 21.0% above 90% LTV (very high). This implies large mortgage risk in Salt Lake, Honolulu, HI. Investor activity is high, as 20.0% of loans were by investors. 4.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		431
    % Conventional Loans
    		83.0%
    % Government Loans
    		17.0%
    % Investor Loans
    		20.0%
    % Second Loans
    		16.0%
    % Cash Out Refinance
    		4.0%
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    Rentals and Section 8 — Salt Lake, Honolulu, HI

    As of 2024, the percent of homes in Salt Lake, Honolulu, HI under the Section 8 program is 6.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 3-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Salt Lake, Honolulu, HI, because HUD payments exceed market rent, while 1-bedroom and 2-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		510
    Total Units Section 8
    		510
    % Rentals under Section 8
    		6.0%
    % Occupied Section 8
    		77.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$130$2,500$2,370
    2 Bedroom-$400$3,500$3,100
    3 Bedroom$140$4,200$4,340
    4 Bedroom$960$4,250$5,210

    Affordability — Salt Lake, Honolulu, HI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio7
    Median Home Price$503,000
    Median Household Income$75,000

    Salt Lake, Honolulu, HI — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Kapahulu, Honolulu, HI

    96826

    East Manoa

    96848

    Kaimuki, Honolulu, HI

    96814

    Moiliili, Honolulu, HI

    96816

    South Kohala, Honolulu, HI

    96822

    Frequently Asked Questions