Honokaa, HI—96727
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Honokaa, HI
As of Oct '25, the median home price in Honokaa, HI is $631,000, with a year-over-year change of -1.7%. This indicates that home prices in Honokaa, HI are decreasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $631,000 | -1.7% |
| Single Family | $630,000 | -1.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $590,000 | -4.2% |
3 Bed | $599,000 | -0.7% |
4 Bed | $760,000 | -0.4% |
| 5 Bed | $833,000 | 0.7% |
% of Housing Stock
Rental Trends — Honokaa, HI
As of July '25, Rentcast reports the average rent in Honokaa, HI is $2,700, with a year-over-year rent change of -4.6%. Per bedroom, the median rent as of July '25 in Honokaa, HI is 4-bedrooms: $2,700. The most common rental property sizes in Honokaa, HI are 3-bedroom and 4-bedroom, accounting for 52.8% and 24.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,700 | $2,700 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | $2,700 | $2,700 |
% of Rental Stock
Property Listings — Honokaa, HI
As of Oct '25, Realtor.com reports that the median days on market for a home in Honokaa, HI is 129. This is a increase of 16.0% 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 21.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $1,010,000 | -36.0% |
Listing Count | 19 | -12.0% |
| Listings as % of Homes | 1.1% | -12.0% |
Days on Market | 129 | 16.0% |
Demographics — Honokaa, HI
As of the latest ACS Survey released in 2023, Honokaa, HI has a population of 4,760, which has decreased by -9.7% over the past 5 years. Honokaa, HI is a moderately popular place for families, as children make up 24.0% of the population. The area has a poorly educated workforce, with 24.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 4,760 | -9.7% |
% Under 18 | 24.0% | 7.6% |
% Seniors | 19.1% | -14.7% |
% WFH | 6.4% | -12.3% |
% w/ College Degree | 24.3% | 32.1% |
As of the latest ACS Survey released in 2023, Honokaa, HI is a predominantly asian area, with 26.0% of the population identifying as asian. The asian population has shrunk by 18.5% in the last 5 years. The second most common race or ethnicity in Honokaa, HI is white, making up 24.8% of the population. Foreign-born residents account for 12.8% of the population in Honokaa, HI, and this percentage has decreased by 29.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 24.8% | -3.5% |
% Black | 0.0% | -100.0% |
% Hispanic | 9.3% | -34.5% |
% Asian | 26.0% | -18.5% |
% Foreign Born | 12.8% | -29.7% |
Mortgage and Risk — Honokaa, HI
According to HUD data as of 2023, there were 29 mortgage originations in Honokaa, HI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Honokaa, HI. Investor activity is low, as 7.0% of loans were by investors. 21.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 29 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 7.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 21.0% |
Loan Activity
Rentals and Section 8 — Honokaa, HI
Honokaa, HI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 59 |
Total Units Section 8 | 12 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 98.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,410 |
| 2 Bedroom | N/A | N/A | $1,820 |
| 3 Bedroom | N/A | N/A | $2,370 |
| 4 Bedroom | -$50 | $2,700 | $2,650 |
Affordability — Honokaa, HI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.6 |
| Median Home Price | $631,000 |
| Median Household Income | $83,500 |