24 / 100

Hawaii County, HI

RANK #759 / 996  ·  POP 202,163  ·  HI

PROJECTED GROWTH: -0.3%

Hawaii County ranks in the bottom tier of U.S. counties on economic momentum.

[01] Why Hawaii County?

Hawaii County, coextensive with the Island of Hawaiʻi, often called the "Big Island," is distinguished by its dramatic volcanic landscapes, including the active Kīlauea volcano and the towering Mauna Kea. Hilo, the county seat, sits on the lush, rainy windward side, while Kailua-Kona is a hub on the drier leeward coast. The island's diverse geography offers everything from black sand beaches to rainforests. Commute times vary across this large island, but public transit, known as Hele-On, provides free bus service across the entire island, including routes to popular destinations like Hawaiʻi Volcanoes National Park. Outdoor recreation opportunities are abundant, with numerous state and county parks, hiking trails, and ocean activities like snorkeling and surfing.

Life on Hawaiʻi Island often involves a deep connection to the land and a community-focused lifestyle. While the state generally ranks well for quality of life due to climate and recreational opportunities, Hawaii County has faced challenges in some quality of life indicators compared to other Hawaiian counties. The economy is driven by tourism and agriculture, with recent job growth in sectors like arts, entertainment, and recreation. There is also ongoing investment and development in energy sectors. The public school system is managed statewide, with various public, charter, and private schools available across the island.

[02] Market Snapshot

Housing Ratio
9.8x

Overvalued relative to economy

GDP Growth
+4.3%

Well above national median

Home Prices
-1.7%

Prices declining

Climate & Terrain

No data

Price/Rent
15x

Above national median (13x)

Housing looks overvalued at 9.8x — home prices are high relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Hawaii County U.S. National

The Numbers

DEMOGRAPHICS
Population
202,163
+0.85% YoY
Median Household Income
$74,238
Median Home Value
$454,900
-1.69% 12mo
Median Rent
$1,352
Average Annual Pay
$57,868
+4.7% YoY
Employment
74,029
+2.0% YoY
Income-to-Home-Value
0.1632
Less affordable than average
Migration Inflow
0.93%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$641,000
Days on Market
106
Slower market
Months of Supply
8.0
Buyer's market
Sale-to-List Ratio
96.8%
Negotiation room for buyers
Sold Above List
15.8%
Listings w/ Price Drops
22.9%
Building Permits (2024)
982
Single-Family Permits
974

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$296M
TOTAL
PROJECT AMOUNT STATUS
Keamuku Solar + Battery Storage
AES / Hawaiian Electric
$86M Planned
Haihai Street Workforce Housing
County of Hawaiʻi Office of Housing and Community Development
$50M Under Construction
ʻĀinakō Subdivision Housing
County of Hawaiʻi Office of Housing and Community Development
$50M Under Construction
Kaiminani Drive Workforce Housing
County of Hawaiʻi Office of Housing and Community Development
$50M Under Construction
Waikoloa Solar + Storage Project
AES Hawai'i
$30M Operating
Hale Kuawehi Solar + Battery Storage
Hawaiian Electric
$30M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +4.3% 76 percentile
Population Growth +0.8% 66 percentile
Income Growth +8.5% 51 percentile
Vacancy Rate 1.6% 19 percentile
Home Price Change -1.7% 16 percentile
Rent Growth +3.0% 51 percentile
Price/Rent 15x 33 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Hawaii County, HI a good place to move to?

Hawaii County has a Boom Town Index score of 24/100, ranking #759 among 996 U.S. counties. With job growth at +2.0% and a median household income of $74,238, it faces some economic headwinds compared to faster-growing counties.

Is Hawaii County affordable?

The median home value in Hawaii County is $454,900 with median rent at $1,352/month. The income-to-home-value ratio is 0.1632, which is less affordable than the national average.

Is Hawaii County growing or shrinking?

Population growth: +0.8% year-over-year. Job growth: +2.0%. Home values changed -1.7% in the past 12 months.

[08] Similar Metros

Cabarrus County, NC 34 Weber County, UT 34 Ascension Parish, LA 34 St. Louis city, MO 34 Mercer County, NJ 34 Madison County, TN 34 Hardin County, KY 34 Cleveland County, OK 34