Hilo Real Estate Market Trends and Listings to Watch in 2024
Hilo Real Estate Listings
101 Hualalai St
Quick Facts
• Hilo, Hawaii, has a unique real estate market due to its geographical location and limited land availability.
• The median home price in Hilo ranges from $400,000 to over $1 million, depending on the location, size, and condition.
• Hilo’s real estate market is primarily driven by the demand for single-family homes, townhouses, and apartments.
• Many Hilo homes are built with traditional Hawaiian-style architecture and may feature large lanais, floor-to-ceiling windows, and tropical landscaping.
• Popular neighborhoods in Hilo include Downtown Hilo, Waiakea, and Hilo Bayfront.
• Hilo’s real estate market tends to be more affordable compared to other major Hawaiian cities like Honolulu and Kihei.
• Hilo is a popular retirement destination due to its laid-back atmosphere, rich culture, and access to natural attractions.
• The University of Hawaii at Hilo and Hilo Medical Center are major employers in the area and impact the local real estate market.
• Many Hilo real estate listings feature ocean views, proximity to waterfalls, or access to scenic hiking trails.
• Zoning laws and land-use regulations in Hilo are designed to preserve the area’s natural beauty and unique character.
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Hilo Real Estate Listings A Comprehensive Guide to Finding Your Dream Home
Located on the east coast of the Big Island of Hawaii Hilo is a charming and picturesque town surrounded by lush rainforests waterfalls and beaches Its rich cultural heritage and stunning natural beauty make it a unique and desirable place to live Drawing tourists and residents alike with its tropical climate warm hospitality and abundance of outdoor activities Hilo real estate listings offer a wide range of properties to suit every need and budget
The Hilo Real Estate Market An Overview
The Hilo real estate market is a thriving and competitive market with a growing demand for properties particularly in the downtown area The area is known for its historic architecture artistic community and stunning ocean views making it a soughtafter location for firsttime homebuyers retirees and families The area has also become increasingly popular among tourists leading to a growing demand for vacation rentals and shortterm rentals
Types of Properties Available in Hilo Real Estate Listings
Hilo real estate listings offer a diverse range of properties including singlefamily homes condominiums townhouses and apartments in various price ranges and with different features and amenities Here are some of the most popular types of properties available in Hilo real estate listings
Singlefamily homes Hilo real estate listings offer a range of singlefamily homes from cozy two bedroom bungalows to spacious five bedroom luxury homes Many of these homes have tropical gardens and beautiful ocean views and are located in quiet neighborhoods close to schools parks and other local amenities
Condominiums and townhouses Hilo real estate listings also offer a variety of condominiums and townhouses including highend luxury properties and more affordable options Many of these properties have community pools fitness centers and other resortstyle amenities and are located in downtown Hilo or other convenient locations
Apartments Hilo real estate listings also include apartments of varying sizes from studios to three bedrooms Many of these apartments are located in the downtown area and offer modern amenities and stunning ocean views with walkup access to shops restaurants and entertainment
Agricultural properties and land Hilo real estate listings also offer agricultural properties and land for sale including farms gardens and cattle ranches Many of these properties are located in rural areas with scenic views and have abundant water and electricity resources
Communities and Neighborhoods in Hilo Real Estate Listings
Hilo real estate listings offer properties in various neighborhoods and communities each with its unique character and charm Here are some of the most popular neighborhoods and communities in Hilo real estate listings
Downtown Hilo The downtown area is the hub of Hilo s cultural and economic activities It is home to historic buildings art galleries restaurants shops and entertainment venues Many of the properties available in this area are condominiums and townhouses offering modern amenities and easy access to downtown attractions
Central Hilo This area is a popular choice for families with young children offering easy access to schools parks and playgrounds It has a variety of housing types including singlefamily homes and apartments in various price ranges
Upper Waiakea This rural area is located just outside Hilo and offers homes with large lots beautiful views and plenty of space to garden or raise livestock It is a popular area for families seeking a rural lifestyle
Bayfront The Bayfront area is an upscale neighborhood offering stunning ocean views from homes that are located right on the waterfront Many of these homes have large gardens and beautiful tropical architecture and are highly sought after for both residents and tourists
Facts to Consider When Buying a Home in Hilo Real Estate Listings
When considering buying a home in Hilo real estate listings here are some key facts to keep in mind
Hawaii state real estate tax rate Hawaii real estate tax rates are relatively low with the statewide average being around 0 28 percent
Proximity to the coastline When buying a home in Hilo consider the proximity to the coastline as ocean views and breezes are often desirable features in homes.
Neighborhood restrictions Some neighborhoods may have restrictions such as HOAs or homeowners associations A good agent can help you determine if a property you like may have any local restrictions
Earthquake zones The location should be checked for any potential natural disaster risk zones.
Buying Tips for FirstTime Homebuyers in Hilo Real Estate Listings
For firsttime homebuyers in Hilo real estate listings here are some key tips to keep in mind
Get preapproved for a loan Start by getting preapproved for a mortgage and understanding your financial situation This will help you narrow down your search and make an offer when you find the right property
Work with a local agent Hilo real estate listings are often managed by local agents with extensive knowledge of the local market It is advisable to work with an agent that has expertise in the Hilo real estate market.
Rent before buying If you are not familiar with a particular area consider renting for a short time before deciding to buy
Why Choose Hilo for Your Next Home
There are many reasons to choose Hilo for your next home Its rich cultural heritage stunning natural beauty excellent outdoor recreation opportunities and thriving community make it a great choice for firsttime homebuyers families retirees and tourists Whether you are seeking a vacation home a primary residence or an investment property Hilo real estate listings offer a wide range of properties to suit your needs and budget
Photos of Hilo Real Estate Listings
Frequently Asked Questions:
Frequently Asked Questions About Hilo Real Estate Listings
Q What is the current state of the Hilo real estate market
A The Hilo real estate market is constantly changing However as of our knowledge cutoff in 2023 the market is relatively stable with a mix of buyers and sellers Home prices have been steadily increasing over the years but at a moderate pace
Q What types of properties are available in Hilo
A Hilo offers a wide range of properties including single family homes condominiums townhouses land and agricultural properties You can also find historic homes luxury estates beachfront properties and affordable starter homes
Q How do I search for Hilo real estate listings
A You can search for Hilo real estate listings on our website using various criteria such as location price range property type and amenities You can also contact one of our real estate agents for personalized assistance
Q What is the average price range of homes in Hilo
A The average price range of homes in Hilo varies depending on the location property type and amenities However as of our knowledge cutoff in 2023 the average price range of a single family home in Hilo is around 400000 to 700000
Q Are there any waterfront or beachfront properties available in Hilo
A Yes there are waterfront and beachfront properties available in Hilo These properties are highly sought after and tend to be more expensive than inland properties Contact one of our real estate agents for more information on waterfront and beachfront properties
Q What are the steps to buying a home in Hilo
A The steps to buying a home in Hilo include getting preapproved for a mortgage searching for properties making an offer inspecting the property and closing the deal Contact one of our real estate agents for guidance through the process
Q Can I find affordable housing options in Hilo
A Yes there are affordable housing options available in Hilo including starter homes condominiums and townhouses You can also explore government programs and subsidies that can help make homeownership more affordable
Q Are there any new developments or construction projects in Hilo
A Yes there are new developments and construction projects underway in Hilo These projects include new subdivisions condominium complexes and retail spaces Contact one of our real estate agents for more information on new developments and construction projects
Q How do I get more information about Hilo real estate listings
A You can get more information about Hilo real estate listings by contacting one of our real estate agents or by visiting our website We also offer open houses and property tours to help you get a firsthand look at the properties
Related Links & Information:
Hilo Real Estate Listings on Zillow
Realtor.com: Hilo Real Estate Listings
Redfin: Hilo Real Estate Listings
