Urban Honolulu - HI housing market

The typical Urban Honolulu home is worth $856,305 as of August 2026, up 0.5% from the prior month, up 0.7% over three months, and up 2.3% from a year ago. Over the past two years values have ranged from $837,129 to $856,305.

Homes are going pending in about 31 days, the same as the 31 days seen three months earlier. There are roughly 4,029 homes for sale, 4% fewer than a year ago. 19.4% of listings have taken a price cut (up from 16.9% three months ago).

Typical rent is $3,020 a month, up 4.6% year over year, which puts the price-to-rent ratio at 23.6.

At this week's 7.40% mortgage rate with 20% down ($171,261), the typical Urban Honolulu home costs about $5,813 a month including tax and insurance, which needs a household income of roughly $249,100 to stay under a 28% payment-to-income ratio.

The typical home value ($856,305) is the Zillow Home Value Index for the Urban Honolulu - HI metro area: a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 2.3% over the past year. In Urban Honolulu - HI, that means a home worth $837,053 last year is now worth roughly $856,305.

The median sale price, what homes actually close for, is $756,413. Homes are selling at 98.6% of list price, meaning buyers have room to negotiate.

Homes listed in Urban Honolulu - HI sit on the market for roughly 31 days before going pending. Shorter = seller's market; longer = buyer's market.

About 19.4% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 888 new listings hit the market each month in Urban Honolulu - HI. There are currently 4,029 homes for sale, down 4.2% from a year ago.

The typical monthly rent in Urban Honolulu - HI is $3,020, up 4.6% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 23.6x, renting territory (#22 of 195 metros). The mortgage on a typical home here, 20% down at today's 7.4% 30-year rate, runs about $4,743 a month in principal and interest, $1,723 more than renting before taxes, insurance and upkeep. The two break even at a 3.35% rate.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Data: Zillow Research (ZHVI and market indicators), refreshed monthly at the source. This page was rebuilt October 2026. Methodology →