Hawaiʻi Island Housing Coalition (Jan 2024)

HAWAIʻI ISLAND HOUSING COALITION JANUARY 2024 DATA

JANUARY 2024 SALES DATA

District

December 2023 Median HH Income

Shelter Burden Threshold

Total Residential Sales

Residential Median Sales

Total Vacant Land Sales

Vacant Land Median Sales

Puna

$56,898

$17,064 monthly: $1,422

72

$347,500

98

$39,500

North Hilo

$53,750

$16,128 monthly: $1,344

3

$870,000

2

$350,000

South Hilo

$80,000

$24,000 monthly: $2,000

16

$497,000

6

$234,292

Hāmākua

$61,726

$18,516 monthly: $1,543

4

$875,000

3

$525,000

North Kohala

$89,733

$26,916 monthly: $2,243

8

$877,500

3

$500,000

South Kohala

$98,413

$29,520 monthly: $2,460

12

$1,057,500

2

$1,450,000

North Kona

$92,500

$27,756 monthly: $2,313

29

$1,325,000

6

$622,000

South Kona

$83,434

$25,032 monthly: $2,086

5

$520,000

3

$100,000

Kaʻū

$52,687

$15,804 monthly: $1,317

8

$321,750

22

$22,500

Residential Homes Median Sales Price: $499,000 | Active: 685 | New: 267 | Sold: 157 | Days on Market: 52 Condominiums Median Sales Price: $608,500 | Active: 145 | New: 78 | Sold: 32 | Days on Market: 48 Vacant Land Median Sales Price: $45,500 | Active: 1,081 | New: 211 | Sold: 141 | Days on Market: 99 Private Single Family Dwelling Unit Permits Processed by County Bldg Dept | January 2024: 79 | YTD: 79

# Available ($ Min - $ Max)

SNAPSHOT OF RENT DATA BY DISTRICT | JANUARY 2024

December 2023 Shelter Burden Threshold

1BR

2BR

3BR

4BR

Apts

Studio

Condo

Puna

$1,422

4 ($1000 $1,300)

8 ($1,350 $2,350)

9 ($1,850 $2,500)

1 ($2,650)

3 ($875 - $1,650)

4 ($450 $1,075)

x

North Hilo

$1,344

x

2 ($1,550 $1,950)

2 ($2,000-$3,15 0)

x

x

x

x

South Hilo

$2,000

4 ($1,276 $2,400)

8 ($1,550 $2,700)

7 ($1,550 $3,200)

3 ($3,000)

5 ($975 - $1,650)

7 ($750 $1,400)

x

Hāmākua

$1,543

x

2 ($2,050 $3,600)

x

1 ($1,684)

1 ($2,000)

0

x

North Kohala

$2,243

1 ($1,900)

2 ($1,950 $3,700)

4 ($2,600 $6,300)

x

1 ($1,200)

1 ($1,200)

x

7 ($2,600 $8,400)

1 ($4,500)

2 ($3,200 $11,000)

0

2 ($2,950 $3,770)

District

South Kohala

$2,460

x

2 ($2,500 -$3,200)

North Kona

$2,313

2 ($1,400 $1,550)

7 ($1,055 $6,500

3 ($4,500 $9,000)

1 ($15,000)

6 ($2,050 $3,500)

3 ($1,125$3,400)

2 ($1,840 $3,995)

4 ($3,800 $5,500)

x

2 ($1,750-$2,900)

1 ($1,800)

x

1 ($1,800)

x

1 ($800)

1 ($800)

x

South Kona

$2,086

x

2 ($2,200 $3,250)

Kaʻū

$1,317

x

1 ($2,000)

JANUARY 2024 | NOTES

Median Household Income is calculated by overlaying December 2023 Census data with district boundaries on a GIS Map, then adding all census tracts within the district boundaries and calculating the average income.

Shelter burden is calculated by taking 30% of the Annual Median Household Income by the district.

Monthly budget depicts 30% of the Annual Median Household Income divided by 12 months.

Data References: 2023 Census Tracts Hawaiʻi County Building Department Hawaiʻi Island Board of Realtors Rent data is compiled from the following sources: Day Lum, Melissa Kalauli, Property Professionals, Hank Corea Realty, Craigslist, Zillow, Mary Love Realtor, LUVA Realty, C J Kimberly, First Island Realty, Ginoza Realty, Jan Mahuna, Zumper, ForRent, Trulia, RedFin U.S. Bureau of Labor Statistics Ashley Mejia - Executive Director, Hawaiʻi Island Realtors