HAWAIʻI ISLAND HOUSING COALITION JANUARY 2024 DATA
JANUARY 2024 SALES DATA 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 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
District 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 South Kohala $2,460 x 2 ($2,500 -$3,200) 7 ($2,600$8,400) 1 ($4,500) 2 ($3,200$11,000) 0 2 ($2,950$3,770) 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) South Kona $2,086 x 2 ($2,200$3,250) 4 ($3,800$5,500) x 2 ($1,750-$2,900) 1 ($1,800) x Kaʻū $1,317 x 1 ($2,000) 1 ($1,800) x 1 ($800) 1 ($800) x # Available ($ Min - $ Max) SNAPSHOT OF RENT DATA BY DISTRICT | JANUARY 2024
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