Hilo, HI Foreclosures
How much do homes sell for in Hilo, HI?
The average home price is currently $598,831.
In Hilo, HI, how many homes are available?
There are currently 14 active home listings available in Hilo.
What’s the average rental cost in Hilo, HI?
The average rental price in Hilo is $1,912.
What is the most expensive home in Hilo?
The most expensive home sold in Hilo had a price of $41,874,784.
What is currently the cheapest priced home in Hilo, HI?
The cheapest home for sale in Hilo is priced at $10,404.
Living in Hilo, HI
Hilo, located on the Big Island of Hawaii, is known for its stunning natural beauty, lush rainforests, and vibrant cultural heritage. It boasts an impressive mix of outdoor activities, including hiking, waterfalls, and proximity to amazing beaches. Hilo's charming downtown area features local shops and restaurants that highlight the island's unique culture and flavors.
Current Market Conditions in Hilo, HI
Hilo's real estate market has seen a steady increase in demand over the past year, driven by both local buyers and those seeking a second home in Hawaii. The charm and slower pace of life in Hilo appeal to many, contributing to rising property values. Listings in desirable neighborhoods are moving quickly, leading to competitive bidding situations in some cases. Inventory remains somewhat limited, further pushing home prices upwards. While the market is shifting toward a more balanced condition, the unique appeal of the area keeps it trending positively for sellers.
In recent months, interest rates have begun to impact buyer behaviors, leading some potential homeowners to be more cautious, while investors are taking opportunities to acquire properties at favorable prices. The rental market is also robust, as many visitors are opting for long-term rentals, further indicating Hilo's continuous desirability.
Home Value Estimator For Hilo, HI
There are currently 20,446 real estate properties
in Hilo, HI,
with a median automated valuation model (AVM) price
of $533,104.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Hilo, HI, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Hilo, HI,
is $598,831.00, with the most expensive house
in Hilo, HI, topping out
at $41,874,784.00 and the cheapest home
in Hilo, HI,
clocking in at $10,404.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Hilo, HI!
Rent Prices
In Hilo, HI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Hilo, HI, is on
a rollercoaster ride. The
average rent price in Hilo, HI,
is $1,912.00. Indeed, when looking to rent in
Hilo, HI, you can expect to pay as little
as $810.00 or as much
as $4,840.00,
with the average rent median estimated to
be $1,910.00. The good news is that finding
an affordable and desirable property to rent in Hilo, HI
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
Learn more on Foreclosure homes
