The greatest number of Hilo residents report their race to be Asian, followed by White. Hilo, HI Real Estate Trends. Homes are typically worth $273/sqft. 39%. North Hilo Real Estate. Our agents live, work and serve in our local communities and have the experience to get the job done in today’s market. Learn more about Hilo and its real estate market here. 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. The per capita income in Hilo in 2018 was $28,012, which is middle income relative to Hawaii and the nation. Homes for Sale Hilo HI. We will soon provide other points, such as Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities. There are 209 active homes for sale in Hilo, HI. Rent vs. Own. Dense Suburban. Listed Around: $165K. Real Estate Market Trends in Hilo, HI. Trulia User. In addition to houses in Hilo, there were also 43 condos, 1 townhouse, and 9 multi-family units for sale in Hilo last month. parks and gyms. Despite pandemic, Big Island real estate market fairly stable. 7,043,501 and 7,680,859. Residents of the town have the good fortune of having one of the shortest daily commutes compared to the rest of the country. Attitudes are changing about the improving Hawaii economy and our local Hawaii Island real estate market. Farming and ranching are a large part of the economy, lending to a landscape that has been well preserved with pastoral beauty. 61%. Properties include homes, condos and beachfront properties for sale. C. Based on home values, property taxes, housing costs, local schools, and more. Hilo real estate listings include condos, townhomes, and single family homes for sale. This equates to an annual income of $112,048 for a family of four. 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. Consider buying or renting a home in one of these popular neighborhoods. Find traditional & Airbnb Hilo investment property based on cash flow, cash on cash return and cap rate calculations. Hilo is a city in Hawaii and consists of 3 neighborhoods. less. With a population of 45,393 people and ten constituent neighborhoods, Hilo is the third largest community in Hawaii. Additionally, there are 11 rentals, with a range of $680 to $2.3K per month. Hilo — Located on the east coast along Hilo Bay. 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. 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. Learn about the Hilo, HI housing market through trends and averages. See Hilo Lagoon Centre condos for sale in the Kaiko'o Project area. If you see a property you’re interested in, contact a Hilo real estate agent to arrange a tour today! Commercial properties are also available. 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. Our nationally-comparable school ratings are covered under US Patent No. People of Hispanic or Latino origin account for 10.65% of the town’s residents. Important ancestries of people in Hilo include Portuguese, German, English, Irish, and Italian. Other US patent applications are currently pending. Hilo is a not walkable city in Hawaii with a Walk Score of 23. Get Your Credit Score FOR $0 Hilo real estate listings include condos, townhomes, and single family homes for sale. Browse through our real estate listings in Hilo, HI. Coldwell Banker estimates the median home price in Hilo is $427,500. These properties include, Hilo condos and Hilo townhomes for sale, Hilo homes for sale, and Hilo beachfront and ocean view properties for sale. Unlike some towns, Hilo isn’t mainly white- or blue-collar. Right now, there are 196 homes listed for sale in Hilo, including 53 condos and 0 foreclosures. All the trademarks displayed on this page are the property of Location, Inc®. The above shows an overview of the real estate market in Hilo, HI. 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. What Locals Say about Hilo. 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. 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. Browse photos, watch virtual tours and create a "Favorites" account to save, organize and share your favorite properties. There are 3 neighborhoods in Hilo. Research South Hilo real estate market trends and find homes for sale. 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. Hilo is home to approximately 43,127 people and 20,246 jobs. Sponsored Mortgage Options for Hilo. Our directory helps you find real estate professionals who specialize in buying, selling, foreclosures, or relocation - among many other options. The family-owned boutique firm was founded in 1999 by broker/owner Hank Correa, whose wife, Kristi, and sons Hank III, … Hilo is the capital for Hawaii County and the Big Island’s largest city with a population of about 50,000. Studios. We saw median home prices fall about one-third from our all time highs. Hilo has affordable condos. 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. Affordability of Living in Hilo, HI. Blending with the harmony and nature of the land, North Hilo homes exude country charm. October 2020 was $281. Some of the best neighborhoods in or around Hilo, Hawaii are Panaewa, Hilo Town and Keaukaha. 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. Home Prices in South Hilo. Zillow has 131 homes for sale in Hilo HI. The Hawaii real estate market was affected by the West Coast real estate correction a few years ago. Copyright © 2000-2020 Location Inc®. Coldwell Banker estimates the median home price in Hilo is $427,500. Hilo Real Estate Market. Real Estate Market Trends in Hilo, HI Better Homes and Gardens Real Estate estimates the median home price in Hilo is $437,500. Search for the top real estate investments in Hilo, Hawaii. Search for new homes, open houses, recently sold homes and reduced price real estate in South Hilo. Commercial properties are also available. 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. Listed Around: Housing. You can also filter listings based on price drops in the past six months, so you’ll never miss a bargain. Don't Neglect These 6 Maintenance Tasks - Or Else, Debunked! Contact for details. Listed Around: $120K. Area Feel. Rent. 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! Homes for sale in Hilo, HI have a median listing price of $379,000. See 3 Homes. The most common language spoken in Hilo is English. For further information about the housing market in your area, please don’t hesitate to contact your Windermere … 1 Bedroom Homes. Instead, the most prevalent occupations for people in Hilo are a mix of both white- and blue-collar jobs. On average, they spend only 18.15 minutes getting to work every day. By sending this Report you agree to NeighborhoodScout's, Real Estate in Popular Hilo Neighborhoods. If you're buying or selling real estate in Hilo, Christi Mallicoat is the best resource! Even as the COVID-19 pandemic affects industries worldwide, real estate activity on the Big Island remains relatively steady. With a population of 45,393 people and ten constituent neighborhoods, Hilo is the third largest community in Hawaii. 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… Hilo's home resale inventories is 6, which increased 0 percent since October 2020. 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. This should help this be a another good year for Big Island Hawaii real estate sales. Hilo is an extremely ethnically-diverse town. Other important languages spoken here include Japanese and Pacific Island languages. See 10 Homes. View listing photos, review sales history, and use our detailed real estate filters to find the perfect place. The median list price of homes in Hilo, HI was $369.9K in September 2020, trending down -1.4% year-over-year. Resident; 1y ago "Friendly, clean, the best school district. Based on the housing stock, population density, and the proximity of amenities of the area. However, Hilo contains both very wealthy and poor people as well. 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. The recovery in the stock market, historically low interest rates, and an improving local economy have all … The average price of homes sold in Hilo, HI is $ 370,000. 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. 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%). In the past month, 44 homes have been sold in Hilo. * 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? 8,376,755. 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. Hilo also has a sizeable Hispanic population (people of Hispanic origin can be of any race). You can research home values, browse Hilo's hottest homes, and see what Coldwell Banker's agents have to say about the local area. Real Estate Market Trends in Hilo, HI. View tax records, floor plans, 3-d tours, area maps, Big Island real estate data and more. Homes in Hilo, HI sold for NaN% below asking price on average in December 2020. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in November. Own. Housing Market Trends in Hilo, HI. There are 205 homes for sale in Hilo, HI, 7 of which were newly listed within the last week. The median listing price per square foot was $272. Hilo Housing Market Information. The median listing price per square foot was $264. 2 Bedroom Homes. Browse 4 Commercial Real Estate listings in Hilo, HI ranging from office and retail spaces to … The median list price of homes in Hilo, HI was $390K in December 2020, trending up 13% year-over-year. Visit Century 21 All Islands to find the perfect Hawaii real estate market … Median Property Sale Price: $359,000, 2.74 Aribnb and 2.75 Traditional Cash on Cash Return. ... Covid Hawaii Hawaii Island Latest News Market Trends ... by the state of Hawaii to properly address real estate or legal issues. 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. You can also find 6 private and charter schools. The NeighborhoodScout® search engine is covered under US Patents No. Keaukaha is the most affordable neighborhood, with a median listing price of $299K. 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%. on the ocean, a bay, or inlet) located in the state of Hawaii. christi@reliferealty.com (808)756-2079 The median list price per square foot in Hilo is $281. Hilo is a medium-sized coastal town (i.e. The people who call Hilo home describe themselves as belonging to a variety of racial and ethnic groups. Also review up-to-date market research and local market conditions as well as neighborhood and school information. We hope that this information may assist you with making better-informed real estate decisions. Note how the median home price for Hilo, HI runs $298,500, which is 45% lower than the average property price for Hawaii. Kevin E. Lewis is a Hawaii Realtor licensed agent with Clark Realty - Hilo, on the Big Island of Hawaii. Hilo Town has a median listing price of $370K, making it the most expensive neighborhood. The area of North Hilo runs from Hamakua to Hilo Town. View all Hawaii real estate market stats in Hilo, HI. Hilo, HI hosts 18 public schools rated good and higher by GreatSchools. Right now, there are 197 homes listed for sale in Hilo, including 54 condos and 0 foreclosures. Approximately 55.18% of Hilo homes are owned, compared to 30.88% rented, while 13.93% are vacant. 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