The typical home in Honolulu, HI is worth about $850,000.
With 20% down that's a loan near $680,000 — the calculator
is pre-filled with that figure. Hawaii's effective property tax rate is the lowest in the country, but it applies to some of the highest home prices, so the dollar bill is still substantial. Land is scarce on Oahu, and most buyers end up competing for condos rather than single-family homes.
$4,414.99 / month
Total interest
$909,394
Total paid
$1,589,394
Payoff
30.0 years
How much you need to earn
Honolulu, HI's median household income is about
$94,000 a year. Under standard 28/36
lending rules that supports a home price around
$458,404 with 20% down —
below the $850,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Honolulu, HI is about $2,600 a month, so owning the median home costs roughly
$2,136 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Honolulu, HI?
On the metro's roughly $850,000 typical home with 20% down, the loan is about $680,000. Principal and interest run near $4,415 a month at today's rate, and Honolulu, HI's property tax plus insurance add about $321, for a full payment near $4,736.
Can I afford a home in Honolulu, HI on the median income?
The median household income is about $94,000 a year. Under standard 28/36 lending rules that supports a home price around $458,404 with 20% down — below the $850,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Honolulu, HI?
Typical asking rent is about $2,600 a month. The full owner payment on a median home is near $4,736, so owning costs roughly $2,136 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Honolulu, HI?
The effective property tax rate in the core county is about 0.30% of market value — roughly $2,550 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Honolulu, HI rising or falling?
Home values are up about 2% over the past year. Hawaii's effective property tax rate is the lowest in the country, but it applies to some of the highest home prices, so the dollar bill is still substantial. Land is scarce on Oahu, and most buyers end up competing for condos rather than single-family homes.