Estimate your monthly payment using Hawaii's average home price of $780,000 and property tax rate of 0.28%. Updated for 2026.
Estimates include P&I, property tax, and ~0.5% annual insurance. Does not include PMI, HOA, or utilities.
Hawaii's housing market in 2026 has a median home price of approximately $780,000, placing it significantly above the national median of around $420,000. Hawaii has the highest home prices of any state largely due to limited land supply geographic isolation and high demand. Whether you're buying your first home in Honolulu or relocating from another state, understanding your true monthly mortgage cost is essential before making an offer.
Property taxes in Hawaii average 0.28% of assessed value annually — among the lowest property tax rates in the nation. On a $780,000 home, that translates to roughly $182 per month added to your mortgage payment. Honolulu, Kailua, and Hilo all fall under Hawaii's general property tax framework, though local millage rates vary by county and municipality. Always confirm the exact rate for the specific property you're considering.
The Hawaii Housing Finance and Development Corporation (HHFDC) Hula Mae program offers below-market mortgage rates. Beyond state programs, FHA loans remain popular in Hawaii requiring as little as 3.5% down, while VA loans offer zero-down financing for eligible veterans and active-duty service members. Conventional loans typically require 620+ credit score and a debt-to-income ratio under 45%.
Hawaii's property tax rate is the lowest in the nation at around 0.28% helping offset the very high purchase prices. When shopping for a mortgage in Hawaii, compare offers from at least three lenders. Even a 0.25% difference in interest rate on a $780,000 home can mean thousands of dollars saved over the life of a 30-year loan. Pay close attention to APR — not just the rate — as it includes origination fees and points.
Use the calculator above to model your scenario. A 20% down payment on the average Hawaii home of $780,000 puts your estimated total monthly cost at approximately $4,575 at today's rates, before HOA fees or special assessments. Adjust the home price, down payment, and rate to match your specific situation and see how the numbers change in real time.
The average home price in Hawaii is approximately $780,000 as of 2026. Prices vary significantly by city and county — Honolulu tends to be pricier while more rural areas offer lower prices.
Hawaii has among the lowest property tax rates in the nation at 0.28% of assessed value. On a $780,000 home that adds about $182 per month to your housing cost. Rates vary by county, so verify the exact rate for your target property.
The Hawaii Housing Finance and Development Corporation (HHFDC) Hula Mae program offers below-market mortgage rates. Additionally, FHA loans (3.5% down), VA loans (0% down for eligible veterans), and USDA rural loans may be available depending on location and eligibility.