Big Island Of - Hawaii Real Estate - 388 Homes For Sale | Zillow (2024)

FAQs

Which island in Hawaii has the cheapest housing? ›

What's the most affordable Hawaiian island to live on? The Big Island. With Hawaii's lowest average cost of living (according to MIT's Living Wage project), lowest fair market rents, and lowest typical yearly expenses, the Big Island can be the most economical island in Hawaii.

There were a few markets in Hawaii where prices declined year-over-year. If You Are a Home Buyer: You can avoid bidding wars and avail seller concessions if you buy a home now. The 7.28% interest rate and mortgage payments are significant, but rates are unlikely to drop in the next few months. If they do, you can refi.

Kukio 8,000+ sq.

Known to many as the billionaire getaway, Kukio is Hawaii's most exclusive community. Open only to homeowners and their guests – you can't enter the gates without the express approval of a homeowner.

Hilo, Island of Hawaii

Looking for big-city amenities without the hefty price tag? Consider Hilo! Not only is this city one of the most affordable places to live in Hawaii, but it's also a great city in Hawaii to live for job opportunities, raising a family, or retiring!

Living in Hawaii on $2000 a month can be challenging due to the state's high cost of living. While a one-bedroom apartment might cost between $1,500 and $2,000, this leaves limited funds for other essentials like utilities, groceries, and transportation.

One of the greatest challenges of living in Hawaii is the high cost of living. The islands are popular tourist destinations, which drives up the cost of housing, food, and other essential goods and services.

Cost of Living

The most obvious drawback to living in Hawaii is our cost of living. Because everything needs to be imported, the cost of goods is significantly higher than any mainland market. This cost of living is magnified by high housing costs.

There are currently 7,239 homes for sale in Hawaii. The median list price in Hawaii is $820,000 and the average price per square foot is $668.

The west side of the Big Island is hands down, the best. Here you will find dry sunny days, balmy tropical evenings, beautiful beaches, world-class snorkeling, a developed coastline, quaint shopping areas and more. Popular areas of the west side are the Kohala Coast region, Waikaloa and Kailua-Kona.

How many homeless people are on the Big Island of Hawaii? ›

Growing Problem On The Big Island

Lum is one of at least 6,223 homeless people in Hawaii, according to the 2023 Point in Time Count. The state has the fourth-highest rate of homelessness in the nation, according to the U.S. Department of Housing and Urban Development.

Billionaire Larry Ellison owns an island in Hawaii. 98 per cent of the island of Lanai is his property. And yet when he was speeding, he reportedly could not get out of it triggering praise for the honest policeman doing his job well, locals channels say.

Overview of Hawaii Taxes

The state of Hawaii has the lowest property tax rate in the nation at 0.27%. Despite this, the median annual tax payment in the state is $1,971, which is much higher.

As far as pricing, Hawaii is expensive! Yeah, but you already knew that, right?! Oahu and the Big Island are the most affordable. Maui and Kauai are the least affordable.

Waianae. With rental costs below the national average, Waianae stands as one of the most affordable cities to live in Hawaii. The house rent price is between $850 – $9,500. Waianae offers a tranquil lifestyle away from the bustling urban areas.

Among the Hawaiian Islands, Molokai is known as the Friendly Isle, and those who live there would consider it the best island to live on by far. With many longtime families and few visitors living on remote Molokai, it is one of the most secluded Hawaiian Islands.