Urban Honolulu - HI housing market

The typical Urban Honolulu home is worth $854,584 as of July 2026, up 0.2% from the prior month, up 0.1% over three months, and up 1.6% from a year ago. Over the past two years values have ranged from $839,494 to $858,477.

Homes are going pending in about 27 days, faster than the 35 days seen three months earlier. There are roughly 3,952 homes for sale, 7% fewer than a year ago. 18.7% of listings have taken a price cut (up from 16.6% three months ago).

Typical rent is $3,004 a month, up 4.7% year over year, which puts the price-to-rent ratio at 23.7.

At this week's 6.71% mortgage rate with 20% down ($170,917), the typical Urban Honolulu home costs about $5,484 a month including tax and insurance, which needs a household income of roughly $235,000 to stay under a 28% payment-to-income ratio.

The typical home value ($854,584) 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 1.6% over the past year. In Urban Honolulu - HI, that means a home worth $841,126 last year is now worth roughly $854,584.

The median sale price, what homes actually close for, is $729,956. Homes are selling at 98.5% of list price, meaning buyers have room to negotiate.

Homes listed in Urban Honolulu - HI sit on the market for roughly 27 days before going pending. Shorter = seller's market; longer = buyer's market.

About 18.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 890 new listings hit the market each month in Urban Honolulu - HI. There are currently 3,952 homes for sale, down 7.1% from a year ago.

The typical monthly rent in Urban Honolulu - HI is $3,004, up 4.7% year over year. On the Rent vs Buy Index that is a price-to-rent ratio of 23.7x, renting territory (#22 of 195 metros). The mortgage on a typical home here, 20% down at today's 6.71% 30-year rate, runs about $4,416 a month in principal and interest, $1,412 more than renting before taxes, insurance and upkeep. The two break even at a 3.33% 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 September 2026. Methodology →