Cities with the fastest-growing home prices in Hawaii

Written by:
March 17, 2021
realtor.com

Cities with the fastest-growing home prices in Hawaii

Supply and demand drive the real estate market, affecting everything from building and lot values to availability for buyers and sellers. These forces are usually closely aligned with an area's economy, job market, population, demographics, location, interest rates, and several other constantly evolving factors. The coronavirus put an enormous strain on the economy, but created a real estate boom, driven largely by people buying second homes as vacation properties.

Stacker compiled a list of cities with the fastest growing home prices in Hawaii using data from Zillow. Cities are ranked by the change in Zillow Home Values Index for all homes over the last year as of January 2021. Cities in the 15,000 largest markets in the U.S. were considered. Listings and images are from realtor.com.

Keep reading to see if your home city made the list.

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#30. Pearl City

- 1 year home price change: +5.6%
--- #7 fastest growing home prices among cities in Urban Honolulu metro area
- 10 year home price change: +50.4%
- Typical home price: $794,857
--- 16.1% above typical home price in state

- Pictured: 98-866 Kaahele St, Aiea ($1.6 million, 6 bedrooms)
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#29. Kapolei

- 1 year home price change: +5.9%
--- #6 fastest growing home prices among cities in Urban Honolulu metro area
- 10 year home price change: +38.5%
- Typical home price: $680,557
--- 0.6% less than typical home price in Hawaii

- Pictured: 92-1508 Hoalii St, Kapolei ($1.4 million, 4 bedrooms)
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#28. Wahiawa

- 1 year home price change: +6.3%
--- #5 fastest growing home prices among cities in Urban Honolulu metro area
- 10 year home price change: +49.4%
- Typical home price: $681,324
--- 0.5% less than typical home price in Hawaii

- Pictured: 1638 Nakula St, Wahiawa ($1.1 million, 6 bedrooms)
4 / 30
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#27. Mililani

- 1 year home price change: +6.3%
--- #4 fastest growing home prices among cities in Urban Honolulu metro area
- 10 year home price change: +47.1%
- Typical home price: $783,969
--- 14.5% above typical home price in state

- Pictured: 95-980 Kelakela St, Mililani ($1.4 million, 4 bedrooms)
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#26. Koloa

- 1 year home price change: +6.3%
--- #7 fastest growing home prices among cities in Kapaa metro area
- 10 year home price change: +60.1%
- Typical home price: $747,038
--- 9.1% above typical home price in state

- Pictured: 5154 Maulili Rd, Koloa ($14.0 million, 6 bedrooms)
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#25. Waikoloa

- 1 year home price change: +6.4%
--- #15 fastest growing home prices among cities in Hilo metro area
- 10 year home price change: data not available
- Typical home price: $534,790
--- 21.9% less than typical home price in Hawaii

- Pictured: 69-1027 Naupaka Kai Pl, Waikoloa ($6.8 million, 8 bedrooms)
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#24. Ewa Beach

- 1 year home price change: +6.4%
--- #3 fastest growing home prices among cities in Urban Honolulu metro area
- 10 year home price change: +56.0%
- Typical home price: $682,688
--- 0.3% less than typical home price in Hawaii

- Pictured: 91-423 Pupu St, Ewa Beach ($1.8 million, 7 bedrooms)
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#23. Kalaheo

- 1 year home price change: +6.5%
--- #6 fastest growing home prices among cities in Kapaa metro area
- 10 year home price change: +49.3%
- Typical home price: $703,561
--- 2.8% above typical home price in state

- Pictured: 3527 Papalina Rd # 2, Kalaheo ($4.3 million, 6 bedrooms)
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#22. Waianae

- 1 year home price change: +6.6%
--- #2 fastest growing home prices among cities in Urban Honolulu metro area
- 10 year home price change: +56.4%
- Typical home price: $487,967
--- 28.7% less than typical home price in Hawaii

- Pictured: 84-1430 Maunaolu St, Waianae ($3.2 million, 4 bedrooms)
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#21. Kealakekua

- 1 year home price change: +6.6%
--- #14 fastest growing home prices among cities in Hilo metro area
- 10 year home price change: data not available
- Typical home price: $572,595
--- 16.4% less than typical home price in Hawaii

- Pictured: 81-6575 Hiaaiono Pl, Kealakekua ($8.0 million, 4 bedrooms)
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#20. Kailua

- 1 year home price change: +6.7%
--- #1 fastest growing home prices among cities in Urban Honolulu metro area
- 10 year home price change: +33.0%
- Typical home price: $1,141,871
--- 66.8% above typical home price in state

- Pictured: 1240 Mokulua Dr, Kailua ($25.0 million, 9 bedrooms)
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#19. Kapaa

- 1 year home price change: +6.9%
--- #5 fastest growing home prices among cities in Kapaa metro area
- 10 year home price change: +46.7%
- Typical home price: $631,393
--- 7.8% less than typical home price in Hawaii

- Pictured: 5370 Kaehulua Rd, Kapaa ($3.2 million, 4 bedrooms)
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#18. Waimea

- 1 year home price change: +6.9%
--- #4 fastest growing home prices among cities in Kapaa metro area
- 10 year home price change: +36.6%
- Typical home price: $474,766
--- 30.7% less than typical home price in Hawaii

- Pictured: 9924 Kahakai Rd, Waimea ($5.4 million, 4 bedrooms)
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#17. Lihue

- 1 year home price change: +6.9%
--- #3 fastest growing home prices among cities in Kapaa metro area
- 10 year home price change: +49.6%
- Typical home price: $571,198
--- 16.6% less than typical home price in Hawaii

- Pictured: 2313 Hulemalu Rd # 1, Lihue ($4.0 million, 3 bedrooms)
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#16. Princeville

- 1 year home price change: +6.9%
--- #2 fastest growing home prices among cities in Kapaa metro area
- 10 year home price change: +47.3%
- Typical home price: $816,631
--- 19.3% above typical home price in state

- Pictured: 5121 Hanalei Plantation Rd, Princeville ($22.8 million, 4 bedrooms)
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#15. Kilauea

- 1 year home price change: +7.0%
--- #1 fastest growing home prices among cities in Kapaa metro area
- 10 year home price change: +40.8%
- Typical home price: $969,026
--- 41.5% above typical home price in state

- Pictured: 4200 Anini Vista Dr Unit D, Kilauea ($33.0 million, 6 bedrooms)
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#14. Keaau

- 1 year home price change: +7.7%
--- #13 fastest growing home prices among cities in Hilo metro area
- 10 year home price change: data not available
- Typical home price: $318,288
--- 53.5% less than typical home price in Hawaii

- Pictured: 15-1776 1st Ave, Keaau ($899,000, 4 bedrooms)
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#13. Papaikou

- 1 year home price change: +7.7%
--- #12 fastest growing home prices among cities in Hilo metro area
- 10 year home price change: data not available
- Typical home price: $442,490
--- 35.4% less than typical home price in Hawaii

- Pictured: 27-570 Onohi Loop, Papaikou ($6.4 million, 4 bedrooms)
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#12. Kailua Kona

- 1 year home price change: +8.0%
--- #11 fastest growing home prices among cities in Hilo metro area
- 10 year home price change: data not available
- Typical home price: $590,500
--- 13.8% less than typical home price in Hawaii

- Pictured: 72-3198 Makani Eka Pl, Kailua Kona ($24.0 million, 5 bedrooms)
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#11. Waimea

- 1 year home price change: +8.8%
--- #10 fastest growing home prices among cities in Hilo metro area
- 10 year home price change: data not available
- Typical home price: $606,573
--- 11.4% less than typical home price in Hawaii

- Pictured: 9924 Kahakai Rd, Waimea ($5.4 million, 4 bedrooms)
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#10. Pahoa

- 1 year home price change: +9.5%
--- #9 fastest growing home prices among cities in Hilo metro area
- 10 year home price change: data not available
- Typical home price: $199,374
--- 70.9% less than typical home price in Hawaii

- Pictured: 13-178 Kamaili Rd, Pahoa ($1.2 million, 2 bedrooms)
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#9. Mountain View

- 1 year home price change: +10.6%
--- #8 fastest growing home prices among cities in Hilo metro area
- 10 year home price change: data not available
- Typical home price: $259,267
--- 62.1% less than typical home price in Hawaii

- Pictured: 18-4235 N Pszyk Rd, Mountain View ($1.1 million, 4 bedrooms)
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#8. Honokaa

- 1 year home price change: +11.7%
--- #7 fastest growing home prices among cities in Hilo metro area
- 10 year home price change: data not available
- Typical home price: $506,221
--- 26.1% less than typical home price in Hawaii

- Pictured: 45-3508 Paauhau Rd, Honokaa ($2.6 million, 2 bedrooms)
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#7. Kaunakakai

- 1 year home price change: +11.9%
--- #1 fastest growing home prices among cities in Kahului-Wailuku-Lahaina metro area
- 10 year home price change: data not available
- Typical home price: $344,750
--- 49.7% less than typical home price in Hawaii

- Pictured: 8794 Kamehameha V Hwy, Kaunakakai ($3.3 million, 3 bedrooms)
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#6. Captain Cook

- 1 year home price change: +11.9%
--- #6 fastest growing home prices among cities in Hilo metro area
- 10 year home price change: data not available
- Typical home price: $553,767
--- 19.1% less than typical home price in Hawaii

- Pictured: 81-488 Pue Pue Way, Kealakekua ($3.7 million, 4 bedrooms)
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#5. Volcano

- 1 year home price change: +12.5%
--- #5 fastest growing home prices among cities in Hilo metro area
- 10 year home price change: data not available
- Typical home price: $266,123
--- 61.1% less than typical home price in Hawaii

- Pictured: 11-3968 Hale Ohia Rd, Volcano ($2.9 million, 16 bedrooms)
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#4. Naalehu

- 1 year home price change: +14.2%
--- #4 fastest growing home prices among cities in Hilo metro area
- 10 year home price change: data not available
- Typical home price: $286,958
--- 58.1% less than typical home price in Hawaii

- Pictured: 94-6448 Mamalahoa Hwy, Naalehu ($1.1 million, 3 bedrooms)
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#3. Kapaau

- 1 year home price change: +14.6%
--- #3 fastest growing home prices among cities in Hilo metro area
- 10 year home price change: data not available
- Typical home price: $471,172
--- 31.2% less than typical home price in Hawaii

- Pictured: 52-244 Niulii Pl, Kapaau ($4.9 million, 2 bedrooms)
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#2. Holualoa

- 1 year home price change: +18.0%
--- #2 fastest growing home prices among cities in Hilo metro area
- 10 year home price change: data not available
- Typical home price: $775,910
--- 13.3% above typical home price in state

- Pictured: 76-6168 Alii Dr, Kailua Kona ($5.5 million, 6 bedrooms)
30 / 30
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#1. Ocean View

- 1 year home price change: +18.2%
--- #1 fastest growing home prices among cities in Hilo metro area
- 10 year home price change: data not available
- Typical home price: $238,110
--- 65.2% less than typical home price in Hawaii

- Pictured: 81-905 Makahiki Ln, Captain Cook ($2.3 million, 4 bedrooms)

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