Home Affordability for Hawaii (2026)
Hawaii (HI) Key Facts
Median Home Price
$850,000
Median Household Income
$84,000
Affordability Index
198
Price to Income Ratio
10.1
Max Affordable Payment (28% Rule)
$1,960
How This Calculator Works in Hawaii
This home affordability calculator estimates how much house you can afford in Hawaii based on your income, debts, down payment, and current interest rates. It accounts for Hawaii's property tax rate and insurance costs to give you a realistic maximum home price. Enter your financial details to see whether the median-priced home in Hawaii is within your reach.
Hawaii Overview
Hawaii has a median home price of approximately $850,000 and a median household income of $84,000, yielding a price-to-income ratio of 10.1. State income taxes in Hawaii reduce take-home pay, so factor your after-tax income when budgeting for a home. Property taxes average 0.28%, which meaningfully impacts monthly housing costs.
How Hawaii Compares
Hawaii's price-to-income ratio of 10.1 is above the national average of roughly 5.5. Nearby California has a median price of $750,000 and median income of $85,000, yielding a ratio of 8.8. Differences in property taxes and insurance costs between states further shift the true cost of homeownership.
| State | Top Rate | Notes |
|---|---|---|
| California | $750,000 | Median home price is $750,000 with a median household income of approximately $85,000. The price-to-income ratio is 8.8. |
| Alaska | $370,000 | Median home price is $370,000 with a median household income of approximately $77,000. The price-to-income ratio is 4.8. |
| Washington | $570,000 | Median home price is $570,000 with a median household income of approximately $82,000. The price-to-income ratio is 7.0. |
With a median home price of $850,000 and a median household income of $84,000, Hawaii has a price-to-income ratio of 10.1. The national average price-to-income ratio is approximately 5.5. Hawaii is less affordable than the national average.
Tips for Hawaii Residents
- 1The median household income in Hawaii is $84,000. Under the 28% rule, this supports a maximum monthly housing payment of about $1,960, including principal, interest, taxes, and insurance.
- 2Hawaii's price-to-income ratio of 10.1 means the typical home costs 10.1 times the annual median income. This is stretched by national standards, so saving aggressively and exploring assistance programs is critical.
- 3State income taxes in Hawaii reduce take-home pay, so factor your after-tax income when budgeting for a home.
- 4Property taxes in Hawaii average 0.28%, which adds $198 per month to your housing cost on the median home. Don't overlook this when calculating affordability.
- 5Look into Hawaii's first-time homebuyer assistance programs, which may include down payment grants, low-interest second mortgages, or mortgage credit certificates (MCCs) that provide a federal tax credit on mortgage interest.