United States · North America · Population: 350,000
Honolulu is a challenging market for first-time buyers, with steady growth in property values. The city has above-average rental costs. At $750,000 average home price in United States, buyers should consider the 10.5x price-to-income ratio when planning a purchase.
| Average Home Price | $750,000 |
| Price per sqm | $9,500 |
| Price-to-Income Ratio | 10.5x |
| Mortgage Rate | 6.8% |
| 1-Year Price Change | +1.2% |
| 1-Bedroom Apartment | $2,200/mo |
| 3-Bedroom Apartment | $3,500/mo |
| Rent-to-Income Ratio | 30% |
| Median Household Income | $71,000/year |
| Years to Buy (at median income) | 10.5 years |
| Local Currency | USD |
With a price-to-income ratio of 10.5x, Honolulu requires significant savings to purchase property. At a mortgage rate of 6.8%, monthly payments could consume a large share of income. Home prices have increased 1.2% in the past year.
Cities worldwide with home prices closest to Honolulu
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