Which Hawaiian island has the cheapest real estate?
Big Island is Hawaii’s most affordable island for homes and condos.
Where is the cheapest place to live in Hawaii?
The 5 Most Affordable Towns in Hawaii
- Kaneohe. Although Kaneohe’s median home value of $627,500 is above the state average, his median household income – $81,907 – is well above the national average, making him an affordable option for many people.
What is the right price of a house in Hawaii?
$743,125. The typical home value in Hawaii is $743,125. This value is seasonally adjusted and only includes the average house price level. Home values in Hawaii have increased 12.6% over the past year.
Are houses cheaper in Hawaii?
With a population of only around 1,800, you’ll find that you get to know your neighbors pretty quickly. Homes are quite affordable with a median value of $378,300. The cost of living index is lower than Hawaii’s median index at just 157.
Can you live in Hawaii cheaply?
Generally, the lowest housing costs are found on the Big Island, which is considered the cheapest Hawaiian island to live on. However, the median household income is $52,000. So before you move, check the city or county’s cost of living to make sure your income will cover the costs.
Waianae has a similar portfolio to Hilo but is located on the dry, sunny side of Oahu. The median home value sits at an affordable $322,200. Its cost of living index is still above the US average at 148, but considerably cheaper than the rest of Hawaii.
Where is the cheapest place to buy a house in Kauai?
If you want to enjoy a relaxed country life, this small town may be the right place to buy property in Hawaii. The median home price of $403,400 makes Waimea the cheapest town in Kauai when it comes to real estate. Although there are only two supermarkets, it sits on the edge of beautiful Kokee State Park.
What is the cost of living in Hilo, Hawaii?
What catches the eye, however, is the median home value. In a state where the median home value is $616,000, Hilo’s median home value of $338,300 is much more attractive. The overall score for cost of living in Hilo is 145. With 100 as the US average, that means it’s 45% more expensive than average.
What makes Hawaii a great place to live?
Sandy shores and sunny days make Hawaii a great place to vacation. Living in such an idyllic place is even better. However, the high cost of living is something that turns many people away from island life. What if you could find affordable places to live in Hawaii?