Hilo is the capital for Hawaii County and the Big Island’s largest city with a population of about 50,000. On average, they spend only 18.15 minutes getting to work every day. The per capita income in Hilo in 2018 was $28,012, which is middle income relative to Hawaii and the nation. Area Feel. View tax records, floor plans, 3-d tours, area maps, Big Island real estate data and more. With a population of 45,393 people and ten constituent neighborhoods, Hilo is the third largest community in Hawaii. Our nationally-comparable school ratings are covered under US Patent No. The family-owned boutique firm was founded in 1999 by broker/owner Hank Correa, whose wife, Kristi, and sons Hank III, … Research South Hilo real estate market trends and find homes for sale. Sponsored Mortgage Options for Hilo. Coldwell Banker estimates the median home price in Hilo is $427,500. 39%. Hilo also has a sizeable Hispanic population (people of Hispanic origin can be of any race). Important ancestries of people in Hilo include Portuguese, German, English, Irish, and Italian. Visit Century 21 All Islands to find the perfect Hawaii real estate market … So you’re going to get real estate in Hilo, HI that is on-average more affordable than what you’ll find in the rest of Hawaii. Hilo is home to approximately 43,127 people and 20,246 jobs. Homes for Sale Hilo HI. Copyright © 2000-2020 Location Inc®. The above shows an overview of the real estate market in Hilo, HI. Consider buying or renting a home in one of these popular neighborhoods. 1 Bedroom Homes. on the ocean, a bay, or inlet) located in the state of Hawaii. Hilo is a city in Hawaii and consists of 3 neighborhoods. Browse 4 Commercial Real Estate listings in Hilo, HI ranging from office and retail spaces to … Housing Market Trends in Hilo, HI. Whether you are buying or selling a home or just curious about the local market, our RE/MAX® agents are dedicated to making your real estate experience memorable and enjoyable. The average price of homes sold in Hilo, HI is $ 370,000. eXp Realty on Hawaii (Big Island) 75-5995 Kuakini Hwy Kailua Kona, HI 96740 808-960-3198 Should you require assistance in navigating our website or searching for real estate… Search for the top real estate investments in Hilo, Hawaii. Own. Housing costs in Hilo are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in Hawaii. 8,376,755. The Hawaii real estate market was affected by the West Coast real estate correction a few years ago. ... Covid Hawaii Hawaii Island Latest News Market Trends ... by the state of Hawaii to properly address real estate or legal issues. The recovery in the stock market, historically low interest rates, and an improving local economy have all … View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. North Hilo Real Estate. Real Estate Market Trends in Hilo, HI Better Homes and Gardens Real Estate estimates the median home price in Hilo is $437,500. October 2020 was $281. Also review up-to-date market research and local market conditions as well as neighborhood and school information. What Locals Say about Hilo. Instead, the most prevalent occupations for people in Hilo are a mix of both white- and blue-collar jobs. Studios. These properties include, Hilo condos and Hilo townhomes for sale, Hilo homes for sale, and Hilo beachfront and ocean view properties for sale. With Point2, you can easily browse through Hilo, HI single family homes for sale, townhouses, condos and commercial properties, and quickly get a general perspective on the real estate prices. Browse photos, watch virtual tours and create a "Favorites" account to save, organize and share your favorite properties. There are 209 active homes for sale in Hilo, HI. Housing costs in Hilo are among some of the highest in the nation, although real estate prices here don't compare to real estate prices in the most expensive communities in Hawaii. We saw median home prices fall about one-third from our all time highs. Rent vs. Own. Hilo is a not walkable city in Hawaii with a Walk Score of 23. With a population of 45,393, 16,302 total housing units (homes and apartments), and a median house value of $385,707, real estate costs in Hilo are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Hawaii communities. We hope that this information may assist you with making better-informed real estate decisions. See 10 Homes. christi@reliferealty.com (808)756-2079 Our free service analyze millions of home sales to find the perfect agent for you. Whether you are considering buying a home, selling a home or both, Howard knows the big island and the Hawaii Island real estate market inside and out. Affordability of Living in Hilo, HI. Kevin E. Lewis is a Hawaii Realtor licensed agent with Clark Realty - Hilo, on the Big Island of Hawaii. Hilo gets plenty of rain, most of it comes at fairly predictable times and won't mess up your plans to enjoy our tropical and lush side of the Island. Properties include homes, condos and beachfront properties for sale. Coldwell Banker estimates the median home price in Hilo is $427,500. Market News Hawaii/Maui Real Estate Market Update The following analysis of select Maui real estate markets is provided by Windermere Real Estate Chief Economist Matthew Gardner. Dense Suburban. There are especially a lot of people living in Hilo who work in office and administrative support (10.86%), sales jobs (10.76%), and teaching (9.60%). 7,043,501 and 7,680,859. The most common language spoken in Hilo is English. Our directory helps you find real estate professionals who specialize in buying, selling, foreclosures, or relocation - among many other options. Hilo, HI Real Estate Trends. Note how the median home price for Hilo, HI runs $298,500, which is 45% lower than the average property price for Hawaii. This equates to an annual income of $112,048 for a family of four. Hilo is an extremely ethnically-diverse town. 8 Myths About Renting You Should Stop Believing Immediately, 6 Ways Home Buyers Mess Up Getting A Mortgage, 6 Reasons You Should Never Buy Or Sell A Home Without An Agent, Difference Between Agent, Broker & Realtor, Real Estate Agents Reveal the Toughest Home Buyers They've Ever Met, The 5 Maintenance Skills All Homeowners Should Know, Connections - New Century Public Charter School. Contact for details. * School data provided by National Center for Education Statistics, Pitney Bowes, and, Home Buyers Reveal: 'What I Wish I Had Known Before Buying My First Home, Selling Your Home? Hilo real estate listings include condos, townhomes, and single family homes for sale. Get Your Credit Score FOR $0 The median list price per square foot in Hilo is $281. The Hilo, HI real estate market is back on the rise boasting gains year over year throughout every piece of the market, making this the perfect time to invest in a Hilo property today! Hilo, HI Commercial Real Estate for sale and lease Find property details and pricing for recently listed commercial real estate properties for sale and for lease in Hilo, HI. Farming and ranching are a large part of the economy, lending to a landscape that has been well preserved with pastoral beauty. 61%. Attitudes are changing about the improving Hawaii economy and our local Hawaii Island real estate market. You can also find 6 private and charter schools. Hilo is home to the University of Hawaii, and Imioloa Astronomy Center of Hawai'i, and the Merrie Monarch Festival, which is a week long celebration of ancient and modern hula. We will soon provide other points, such as Hilo Town has a median listing price of $370K, making it the most expensive neighborhood. Hank Correa Realty has signed on as an affiliate of Better Homes and Gardens Real Estate, making Hilo firm the brand’s second franchise in Hawaii. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities. 2 Bedroom Homes. Homes for sale in Hilo, HI have a median listing price of $379,000. For further information about the housing market in your area, please don’t hesitate to contact your Windermere … Real Estate Market Trends in Hilo, HI. Residents of the town have the good fortune of having one of the shortest daily commutes compared to the rest of the country. Rent. Other important languages spoken here include Japanese and Pacific Island languages. The NeighborhoodScout® search engine is covered under US Patents No. Resident; 1y ago "Friendly, clean, the best school district. Homes in Hilo, HI sold for NaN% below asking price on average in December 2020. However, Hilo contains both very wealthy and poor people as well. There are 3 neighborhoods in Hilo. Hilo — Located on the east coast along Hilo Bay. The median list price of homes in Hilo, HI was $369.9K in September 2020, trending down -1.4% year-over-year. All the trademarks displayed on this page are the property of Location, Inc®. Learn about the Hilo, HI housing market through trends and averages. Listed Around: Hilo Housing Market Information. The median listing price per square foot was $264. Unlike some towns, Hilo isn’t mainly white- or blue-collar. Hilo, HI hosts 18 public schools rated good and higher by GreatSchools. The people who call Hilo home describe themselves as belonging to a variety of racial and ethnic groups. See 3 Homes. Real Estate Market Trends in Hilo, HI. In addition to houses in Hilo, there were also 43 condos, 1 townhouse, and 9 multi-family units for sale in Hilo last month. Overall, Hilo is a town of professionals, sales and office workers, and service providers. This should help this be a another good year for Big Island Hawaii real estate sales. According to multiple listing service data, 30% more Big Island single-family homes were sold in March than February, despite the entire state being under lockdown restrictions for much of the month. With a population of 45,393 people and ten constituent neighborhoods, Hilo is the third largest community in Hawaii. Hilo Real Estate Market. Browse through our real estate listings in Hilo, HI. Here are the best public schools in Hilo, HI: You can find dozens of grocery stores, and hundreds of cafes and restaurants in Hilo, HI. Zillow has 131 homes for sale in Hilo HI. In the past month, 44 homes have been sold in Hilo. Hilo has affordable condos. The area of North Hilo runs from Hamakua to Hilo Town. Hilo real estate listings include condos, townhomes, and single family homes for sale. Some of the best neighborhoods in or around Hilo, Hawaii are Panaewa, Hilo Town and Keaukaha. Learn more about Hilo and its real estate market here. Right now, there are 196 homes listed for sale in Hilo, including 53 condos and 0 foreclosures. Blending with the harmony and nature of the land, North Hilo homes exude country charm. You can also filter listings based on price drops in the past six months, so you’ll never miss a bargain. Because the Hilo real estate market is unique, it's important to choose a real estate agent or broker with local expertise to guide you through the process of renting, buying or selling your next home. Approximately 55.18% of Hilo homes are owned, compared to 30.88% rented, while 13.93% are vacant. View all Hawaii real estate market stats in Hilo, HI. Trulia User. People of Hispanic or Latino origin account for 10.65% of the town’s residents. The overall education level of Hilo citizens is substantially higher than the typical US community, as 33.86% of adults in Hilo have at least a bachelor's degree, and the average American community has 21.84%. If you're buying or selling real estate in Hilo, Christi Mallicoat is the best resource! C. Based on home values, property taxes, housing costs, local schools, and more. You can research home values, browse Hilo's hottest homes, and see what Coldwell Banker's agents have to say about the local area. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in November. Hilo is also nautical, which means that parts of it are somewhat historic and touch the ocean or tidal bodies of water, such as inlets and bays. The greatest number of Hilo residents report their race to be Asian, followed by White. Don't Neglect These 6 Maintenance Tasks - Or Else, Debunked! Other US patent applications are currently pending. The median listing price per square foot was $272. There are 205 homes for sale in Hilo, HI, 7 of which were newly listed within the last week. parks and gyms. Housing. Homes are typically worth $273/sqft. less. Our agents live, work and serve in our local communities and have the experience to get the job done in today’s market. Commercial properties are also available. The median list price of homes in Hilo, HI was $390K in December 2020, trending up 13% year-over-year. Hilo is a medium-sized coastal town (i.e. Find traditional & Airbnb Hilo investment property based on cash flow, cash on cash return and cap rate calculations. By sending this Report you agree to NeighborhoodScout's, Real Estate in Popular Hilo Neighborhoods. Right now, there are 197 homes listed for sale in Hilo, including 54 condos and 0 foreclosures. There are 205 homes for sale, ranging from $38.5K to $3M. Approximately 55.18% of Hilo homes are owned, compared to 30.88% rented, while 13.93% are vacant. Commercial properties are also available. See Hilo Lagoon Centre condos for sale in the Kaiko'o Project area. Listed Around: $165K. Search for new homes, open houses, recently sold homes and reduced price real estate in South Hilo. Based on the housing stock, population density, and the proximity of amenities of the area. Listed Around: $120K. Discover more Hilo listings for open houses, price reduced, foreclosures, recently sold, new home communities, and new home construction. Home Prices in South Hilo. Median Property Sale Price: $359,000, 2.74 Aribnb and 2.75 Traditional Cash on Cash Return. Keaukaha is the most affordable neighborhood, with a median listing price of $299K. Additionally, there are 11 rentals, with a range of $680 to $2.3K per month. Even as the COVID-19 pandemic affects industries worldwide, real estate activity on the Big Island remains relatively steady. Hilo's home resale inventories is 6, which increased 0 percent since October 2020. Despite pandemic, Big Island real estate market fairly stable. 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