Pearl City, Honolulu, HI—96821
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Pearl City, Honolulu, HI
As of Oct '25, the median home price in Pearl City, Honolulu, HI is $1,759,000, with a year-over-year change of 2.8%. This indicates that home prices in Pearl City, Honolulu, HI are increasing. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $1,759,000 | 2.8% |
| Single Family | $1,796,000 | 3.0% |
| Condos | $1,016,000 | 0.7% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $1,303,000 | -1.6% |
3 Bed | $1,539,000 | 1.7% |
4 Bed | $1,903,000 | 3.8% |
| 5 Bed | $2,130,000 | 3.8% |
% of Housing Stock
Rental Trends — Pearl City, Honolulu, HI
As of July '25, Rentcast reports the average rent in Pearl City, Honolulu, HI is $4,220, with a year-over-year rent change of -8.3%. Per bedroom, the median rent as of July '25 in Pearl City, Honolulu, HI is studios: $1,940, 1-bedrooms: $2,200, 2-bedrooms: $2,890, 3-bedrooms: $5,060, 4-bedrooms: $5,300. The most common rental property sizes in Pearl City, Honolulu, HI are 3-bedroom and 2-bedroom, accounting for 35.1% and 23.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $3,750 | $4,220 |
| Studio Rent | $1,900 | $1,940 |
| 1 Bed Rent | $2,050 | $2,200 |
| 2 Bed Rent | $2,480 | $2,890 |
| 3 Bed Rent | $3,950 | $5,060 |
| 4 Bed Rent | $5,700 | $5,300 |
% of Rental Stock
Property Listings — Pearl City, Honolulu, HI
As of Oct '25, Realtor.com reports that the median days on market for a home in Pearl City, Honolulu, HI is 77. This is a decrease of -2.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 19.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $2,420,000 | -23.0% |
Listing Count | 54 | -2.0% |
| Listings as % of Homes | 0.6% | -2.0% |
Days on Market | 77 | -2.0% |
Demographics — Pearl City, Honolulu, HI
As of the latest ACS Survey released in 2023, Pearl City, Honolulu, HI has a population of 19,800, which has increased by 7.0% over the past 5 years. Pearl City, Honolulu, HI is a moderately popular place for families, as children make up 17.3% of the population. The area has a highly educated workforce, with 62.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 19,800 | 7.0% |
% Under 18 | 17.3% | -6.0% |
% Seniors | 28.0% | 3.7% |
% WFH | 15.6% | 95.0% |
% w/ College Degree | 62.9% | 3.5% |
As of the latest ACS Survey released in 2023, Pearl City, Honolulu, HI is a predominantly asian area, with 52.6% of the population identifying as asian. The asian population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in Pearl City, Honolulu, HI is white, making up 20.0% of the population. Foreign-born residents account for 16.0% of the population in Pearl City, Honolulu, HI, and this percentage has increased by 21.2% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 20.0% | -7.4% |
% Black | 0.3% | 50.0% |
% Hispanic | 2.4% | -17.2% |
% Asian | 52.6% | -2.6% |
% Foreign Born | 16.0% | 21.2% |
Mortgage and Risk — Pearl City, Honolulu, HI
According to HUD data as of 2023, there were 204 mortgage originations in Pearl City, Honolulu, HI, of which 94.0% of loans were conventional mortgages. The average loan-to-value was 34.0%, with 1.0% above 90% LTV (normal). This implies small mortgage risk in Pearl City, Honolulu, HI. Investor activity is low, as 3.0% of loans were by investors. 3.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 204 |
% Conventional Loans | 94.0% |
% Government Loans | 6.0% |
% Investor Loans | 3.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 3.0% |
Loan Activity
Rentals and Section 8 — Pearl City, Honolulu, HI
As of 2024, the percent of homes in Pearl City, Honolulu, HI under the Section 8 program is 1.5%. 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. In Pearl City, Honolulu, HI, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 1.5% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $730 | $2,050 | $2,780 |
| 2 Bedroom | $1,160 | $2,480 | $3,640 |
| 3 Bedroom | $1,150 | $3,950 | $5,100 |
| 4 Bedroom | $410 | $5,700 | $6,110 |
Affordability — Pearl City, Honolulu, HI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 9.5 |
| Median Home Price | $1,759,000 |
| Median Household Income | $174,000 |