House Charts

Honolulu Housing Market: Home Prices & Rent

Updated September 2026 data · metro area
Honolulu home values are up 2.6% over the past year, to a typical $856k - 3% below the July 2022 peak. Typical rent is $3,015 a month (+4.0% in a year).
Typical home value
$856k
+2.6% (+$22k) in 12 months
From the peak
-3%
Peak $881k, Jul 2022
Since Dec 2019
+30%
from $660k
Typical rent
$3,015/mo
+4.0% in 12 months
Income needed to buy
$211k/yr
20% down, 30% of income
Days to go under contract
69
September 2026

Honolulu home values since 2000

$200k$400k$600k$800k2000200420082012201620202024Peak $881k (Jul 2022)Now $856k

Last few years

$700k$800k$900k20192020202120222023202420252026Peak $881k (Jul 2022)Now $856k

Rent in Honolulu

$2,000$2,500$3,000201520172019202120232025Now $3,015

Owning vs renting, monthly

Buying the typical Honolulu home with 20% down at this week's 7.32% 30-year rate costs about $5,774/month (principal, interest plus ~1.5% a year for tax and insurance) vs $3,015/month typical rent.

Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.

Honolulu vs Hawaii vs the U.S.

Typical home12-month changeTypical rent
This metro$856k+2.6%$3,015/mo
Hawaii$833k+1.4%-
United States$366k+1.2%$1,932/mo

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Common questions

Are home prices falling in Honolulu?

No - the typical Honolulu-area home value is up 2.6% over the past 12 months, at $856k (September 2026). Values are 3% below their July 2022 peak of $881k.

Is the Honolulu housing market crashing?

Home values are 3% below their July 2022 peak and up 2.6% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.

How much is rent in Honolulu?

Typical rent in the Honolulu metro is $3,015 a month (September 2026), +4.0% over 12 months.

How much income do you need to buy a home in Honolulu?

About $211k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).

Nearby and similar metros

Oxnard, CA · San Diego, CA · Los Angeles, CA · New York City, NY

Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Urban Honolulu, HI metro area. How we calculate.