Discover the Hidden Gems of Hilo Real Estate for Sale A Comprehensive Guide to Finding Your Dream Home on the Big Island of Hawaii
Hilo Real Estate For Sale
1251 Kilauea Ave Suite 194
Quick Facts
• Hilo’s median home price is around $430,000-$530,000.
• The average square footage of Hilo homes is approximately 1,300-2,000 sqft.
• Lot sizes in Hilo can range from 0.1 acres to over 5 acres.
• Many Hilo homes for sale have 3-4 bedrooms and 2-3 bathrooms.
• Popular neighborhoods in Hilo include Hilo Town, Pu’ueo, and Pau Hana.
• Single-family homes make up the majority of Hilo real estate listings.
• Hilo has an average property tax rate of 0.85%.
• Hilo real estate is often described as tropical rainforest or suburban.
• Residents in Hilo have access to amenities like Hilo Bayfront, Liliuokalani Park, and the Hilo Farmers Market.
• Most Hilo homes were built between 1950 and 2010, with some newer construction available.
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Hilo Real Estate For Sale A Hidden Gem on the Big Island of Hawaii
The charming town of Hilo, located on the eastern side of the Big Island of Hawaii, is a haven for those seeking a tranquil and picturesque getaway from the hustle and bustle of city life. Known for its lush tropical gardens, stunning natural beauty, and rich cultural heritage, Hilo has become a popular destination for visitors and homebuyers alike. For those looking to own a piece of paradise, Hilo real estate for sale offers a diverse range of properties to suit every taste and budget.
A Brief Overview of Hilo
Hilo is a city steeped in history and natural beauty, boasting a unique blend of traditional Hawaiian culture and modern amenities. Located on the shores of Hilo Bay, the city is surrounded by towering volcanic peaks, verdant rainforests, and scenic coastline. With a population of just over 45,000 people, Hilo is small enough to retain its quaint charm but large enough to offer a range of amenities, including shops, restaurants, and entertainment options.
Hilo Real Estate Market Trends
The Hilo real estate market has experienced steady growth in recent years, driven by increasing demand for properties in this desirable location. According to recent market trends, the median sales price of homes in Hilo is around $435,000, with a slight decline in sales volume in recent months. However, the market remains strong, with a mix of modern and traditional homes, apartments, and condos available for purchase.
Types of Properties for Sale in Hilo
Hilo real estate for sale offers a diverse range of properties to suit every lifestyle and budget. Some of the most popular types of properties include:
Residential Homes: From modern single-family homes to traditional Hawaiian bungalows, residential homes in Hilo offer spacious living areas, beautiful gardens, and stunning views of the surrounding landscape.
Condominiums: Perfect for first-time buyers or those looking for a low-maintenance lifestyle, condos in Hilo offer modern amenities, including pool, gym, and clubhouses.
Apartments: For those seeking a more affordable option, apartments in Hilo offer a range of options, from cozy studios to spacious three-bedroom units.
Land and Estates: For those with a vision for building their dream home or expanding their portfolio, land and estates in Hilo offer a range of options, from small subdivisions to large parcels of land.
Popular Neighborhoods in Hilo
Hilo is home to several popular neighborhoods, each with its unique character and charm. Some of the most sought-after neighborhoods include:
Downtown Hilo: Known for its charming shops, restaurants, and cultural attractions, downtown Hilo is a popular spot for those seeking a vibrant lifestyle.
Puna District: Located just south of Hilo, the Puna District is a charming coastal area with scenic views, black sand beaches, and a laid-back atmosphere.
Kalihiwai: This picturesque neighborhood is located just north of Hilo and offers stunning views of the surrounding coastline and lush tropical gardens.
What to Look for When Buying Real Estate in Hilo
When buying real estate in Hilo, there are several factors to consider to ensure you find your dream home or investment property. Some of the key things to look for include:
Natural Disaster Risks: As with any location in Hawaii, there is a risk of natural disasters, including earthquakes, hurricanes, and volcanic eruptions. It’s essential to consider this risk when purchasing a property and to research the surrounding geography and any mitigation measures in place.
Oceanfront Properties: For those seeking a beachfront lifestyle, oceanfront properties in Hilo offer stunning views, direct access to the ocean, and a unique coastal living experience.
Proximity to Amenities: When purchasing a property, it’s essential to consider its proximity to local amenities, including shops, schools, healthcare facilities, and entertainment options.
Lifestyle and Culture: Hilo is a city that prides itself on its rich cultural heritage and natural beauty. When buying real estate, consider how you can immerse yourself in the local lifestyle and culture.
Working with a Real Estate Agent
When buying or selling real estate in Hilo, it’s essential to work with a reputable and experienced agent who has knowledge of the local market and can guide you through the process. A good real estate agent can help you navigate the complexities of the transaction, negotiate the best price, and ensure a smooth closing.
In conclusion, Hilo real estate for sale offers a unique opportunity for buyers to own a piece of paradise in one of the most desirable locations in Hawaii. With its stunning natural beauty, rich cultural heritage, and small-town charm, Hilo is a destination that has something for everyone. Whether you’re seeking a cozy apartment, a spacious single-family home, or a luxury oceanfront estate, the Hilo real estate market has a wide range of properties to suit every taste and budget.
Photos of Hilo Real Estate For Sale
Frequently Asked Questions:
Hilo Real Estate For Sale FAQ
Q What makes Hilo a great place to live
A Hilo is the largest city on the Big Island of Hawaii and offers a unique blend of natural beauty outdoor recreation and small town charm With its lush tropical landscapes volcanic landscapes and active downtown area Hilo is an attractive place to live for those who appreciate nature and culture
Q What types of homes are available in Hilo
A Hilo has a diverse range of homes for sale including single family homes townhomes condominiums luxury estates and historic homes You can find modern and newly built homes as well as older homes that have been renovated or are waiting for restoration
Q What is the cost of living in Hilo
A The cost of living in Hilo is generally higher than in other parts of the country due to its remote location and limited availability of certain goods However the median home price is lower compared to other major cities in Hawaii and there are many affordable housing options available
Q Are there any new developments in Hilo
A Yes there are several new developments in Hilo including residential subdivisions commercial projects and mixed use developments These projects offer modern amenities and stylish living spaces and are often designed to fit in with Hilo s unique cultural and natural environment
Q What are the best neighborhoods in Hilo
A Some of the most popular neighborhoods in Hilo include downtown Hilo which offers historic homes and condos near the waterfront Kaumana which has a mix of old and new homes and Keaukaha which has more suburban style homes with ocean views
Q Can I buy a home in Hilo as a non resident
A Yes non residents can buy homes in Hilo but there may be certain requirements or restrictions such as obtaining a loan from a specific lender or working with a local real estate agent It is recommended that you consult with a real estate professional to navigate the process
Q How can I find the best real estate agent in Hilo
A Look for agents who have experience in Hilo and knowledge of the local market You can also ask for referrals from friends or family members or check online reviews to find a reputable agent
Q What are some popular attractions in Hilo
A Hilo has a variety of popular attractions including the Hilo Farmers Market Liliuokalani Park and Gardens Rainbow Falls and the Pacific Tsunami Museum
Q Can I find rentals in Hilo
A Yes there are many rental options available in Hilo including apartments houses and condos Rentals can be found through local property management companies and online listings
Related Links & Information:
Zillow Hilo Homes for Sale
Realtor.com Hilo Homes for Sale
Redfin Hilo Homes for Sale
Hawaii Life Hilo Real Estate for Sale
Corcoran Big Island Hilo Real Estate for Sale
