Discover more Hilo listings for open houses, price reduced, foreclosures, recently sold, new home communities, and new home construction. Learn more about Hilo and its real estate market here. Don't Neglect These 6 Maintenance Tasks - Or Else, Debunked! 39%. christi@reliferealty.com (808)756-2079 Commercial properties are also available. 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%). On average, they spend only 18.15 minutes getting to work every day. 1 Bedroom Homes. This should help this be a another good year for Big Island Hawaii real estate sales. Hilo is home to approximately 43,127 people and 20,246 jobs. Hilo real estate listings include condos, townhomes, and single family homes for sale. Studios. Real Estate Market Trends in Hilo, HI Better Homes and Gardens Real Estate estimates the median home price in Hilo is $437,500. 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 most common language spoken in Hilo is English. Blending with the harmony and nature of the land, North Hilo homes exude country charm. Browse 4 Commercial Real Estate listings in Hilo, HI ranging from office and retail spaces to … However, Hilo contains both very wealthy and poor people as well. Other important languages spoken here include Japanese and Pacific Island languages. Keaukaha is the most affordable neighborhood, with a median listing price of $299K. Visit Century 21 All Islands to find the perfect Hawaii real estate market … All the trademarks displayed on this page are the property of Location, Inc®. Homes in Hilo, HI sold for NaN% below asking price on average in December 2020. Properties include homes, condos and beachfront properties for sale. Note how the median home price for Hilo, HI runs $298,500, which is 45% lower than the average property price for Hawaii. Hilo Housing Market Information. Coldwell Banker estimates the median home price in Hilo is $427,500. 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. Important ancestries of people in Hilo include Portuguese, German, English, Irish, and Italian. Listed Around: $165K. The Hawaii real estate market was affected by the West Coast real estate correction a few years ago. Quite often, nautical areas such as these attract visitors and locals who come to enjoy the scenery and various waterfront activities. Hilo is an extremely ethnically-diverse town. The median listing price per square foot was $272. Browse through our real estate listings in Hilo, HI. Contact for details. 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 $390K in December 2020, trending up 13% year-over-year. Hilo, HI Real Estate Trends. We saw median home prices fall about one-third from our all time highs. Hilo is the capital for Hawaii County and the Big Island’s largest city with a population of about 50,000. 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%. Homes are typically worth $273/sqft. Hilo — Located on the east coast along Hilo Bay. ... Covid Hawaii Hawaii Island Latest News Market Trends ... by the state of Hawaii to properly address real estate or legal issues. Attitudes are changing about the improving Hawaii economy and our local Hawaii Island real estate market. Coldwell Banker estimates the median home price in Hilo is $427,500. Dense Suburban. Area Feel. Our directory helps you find real estate professionals who specialize in buying, selling, foreclosures, or relocation - among many other options. Listed Around: $120K. Kevin E. Lewis is a Hawaii Realtor licensed agent with Clark Realty - Hilo, on the Big Island of Hawaii. Home Prices in South Hilo. Even as the COVID-19 pandemic affects industries worldwide, real estate activity on the Big Island remains relatively steady. Affordability of Living 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. These properties include, Hilo condos and Hilo townhomes for sale, Hilo homes for sale, and Hilo beachfront and ocean view properties for sale. Hilo has affordable condos. parks and gyms. Hilo Real Estate Market. Listed Around: What Locals Say about Hilo. Get Your Credit Score FOR $0 Trulia User. 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, 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. Also review up-to-date market research and local market conditions as well as neighborhood and school information. There are 3 neighborhoods in Hilo. 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. 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. The recovery in the stock market, historically low interest rates, and an improving local economy have all … The area of North Hilo runs from Hamakua to Hilo Town. There are 209 active homes for sale in Hilo, HI. Commercial properties are also available. Instead, the most prevalent occupations for people in Hilo are a mix of both white- and blue-collar jobs. Browse photos, watch virtual tours and create a "Favorites" account to save, organize and share your favorite properties. Homes for sale in Hilo, HI have a median listing price of $379,000. Residents of the town have the good fortune of having one of the shortest daily commutes compared to the rest of the country. Copyright © 2000-2020 Location Inc®. 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. 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. View all Hawaii real estate market stats in Hilo, HI. Other US patent applications are currently pending. less. 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. Our agents live, work and serve in our local communities and have the experience to get the job done in today’s market. Hilo real estate listings include condos, townhomes, and single family homes for sale. Additionally, there are 11 rentals, with a range of $680 to $2.3K per month. 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. Search for new homes, open houses, recently sold homes and reduced price real estate in South Hilo. The people who call Hilo home describe themselves as belonging to a variety of racial and ethnic groups. The average price of homes sold in Hilo, HI is $ 370,000. The median listing price per square foot was $264. Distressed properties such as foreclosures and short sales remained the same as a percentage of the total market in November. See 10 Homes. Approximately 55.18% of Hilo homes are owned, compared to 30.88% rented, while 13.93% are vacant. See Hilo Lagoon Centre condos for sale in the Kaiko'o Project area. Hilo is a not walkable city in Hawaii with a Walk Score of 23. Real Estate Market Trends in Hilo, HI. You can also find 6 private and charter schools. There are 205 homes for sale, ranging from $38.5K to $3M. Housing. Consider buying or renting a home in one of these popular neighborhoods. With a population of 45,393 people and ten constituent neighborhoods, Hilo is the third largest community in Hawaii. Approximately 55.18% of Hilo homes are owned, compared to 30.88% rented, while 13.93% are vacant. The family-owned boutique firm was founded in 1999 by broker/owner Hank Correa, whose wife, Kristi, and sons Hank III, … 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. 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. Hilo is a city in Hawaii and consists of 3 neighborhoods. Based on the housing stock, population density, and the proximity of amenities of the area. With a population of 45,393 people and ten constituent neighborhoods, Hilo is the third largest community in Hawaii. C. Based on home values, property taxes, housing costs, local schools, and more. We hope that this information may assist you with making better-informed real estate decisions. 8,376,755. Housing Market Trends in Hilo, HI. Median Property Sale Price: $359,000, 2.74 Aribnb and 2.75 Traditional Cash on Cash Return. Right now, there are 196 homes listed for sale in Hilo, including 53 condos and 0 foreclosures. Despite pandemic, Big Island real estate market fairly stable. This equates to an annual income of $112,048 for a family of four. 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 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. Search for the top real estate investments in Hilo, Hawaii. Overall, Hilo is a town of professionals, sales and office workers, and service providers. People of Hispanic or Latino origin account for 10.65% of the town’s residents. There are 205 homes for sale in Hilo, HI, 7 of which were newly listed within the last week. 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. If you're buying or selling real estate in Hilo, Christi Mallicoat is the best resource! 61%. Find traditional & Airbnb Hilo investment property based on cash flow, cash on cash return and cap rate calculations. 7,043,501 and 7,680,859. The above shows an overview of the real estate market in Hilo, HI. Hilo Town has a median listing price of $370K, making it the most expensive neighborhood. The median list price of homes in Hilo, HI was $369.9K in September 2020, trending down -1.4% year-over-year. You can also filter listings based on price drops in the past six months, so you’ll never miss a bargain. 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. * 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? See 3 Homes. North Hilo Real Estate. You can research home values, browse Hilo's hottest homes, and see what Coldwell Banker's agents have to say about the local area. Farming and ranching are a large part of the economy, lending to a landscape that has been well preserved with pastoral beauty. 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. Learn about the Hilo, HI housing market through trends and averages. In the past month, 44 homes have been sold in Hilo. Right now, there are 197 homes listed for sale in Hilo, including 54 condos and 0 foreclosures. Rent vs. Own. Unlike some towns, Hilo isn’t mainly white- or blue-collar. Hilo also has a sizeable Hispanic population (people of Hispanic origin can be of any race). on the ocean, a bay, or inlet) located in the state of Hawaii. The per capita income in Hilo in 2018 was $28,012, which is middle income relative to Hawaii and the nation. View tax records, floor plans, 3-d tours, area maps, Big Island real estate data and more. Hilo is a medium-sized coastal town (i.e. Our nationally-comparable school ratings are covered under US Patent No. The greatest number of Hilo residents report their race to be Asian, followed by White. The median list price per square foot in Hilo is $281. Zillow has 131 homes for sale in Hilo HI. 2 Bedroom Homes. 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… The NeighborhoodScout® search engine is covered under US Patents No. Research South Hilo real estate market trends and find homes for sale. Own. Homes for Sale Hilo HI. October 2020 was $281. Real Estate Market Trends in Hilo, HI. Sponsored Mortgage Options for Hilo. We will soon provide other points, such as By sending this Report you agree to NeighborhoodScout's, Real Estate in Popular Hilo Neighborhoods. For further information about the housing market in your area, please don’t hesitate to contact your Windermere … 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. Our free service analyze millions of home sales to find the perfect agent for you. If you see a property you’re interested in, contact a Hilo real estate agent to arrange a tour today! Hilo, HI hosts 18 public schools rated good and higher by GreatSchools. Some of the best neighborhoods in or around Hilo, Hawaii are Panaewa, Hilo Town and Keaukaha. In 2018 was $ 390K in December 2020 and cap rate calculations the economy, lending to landscape., HI sold for NaN % below asking price on average in December 2020 Better! 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