Home prices
The price of the median home in Hilo is $329,200. It is approximately $22,083 (7%) higher in comparison to its nearby areas.It is approximately $111,700 (51%) higher in comparison to the nation as a whole.
Rents
The median rent in Hilo is $1,045 a month. In comparison to its nearby areas this is roughly $205 (16%) lower.In comparison to the rest of the country it is approximately $17 (1%) lower.
Nearby places
Wainaku
Wainaku is Hilo's neighbor to the north. The real estate prices there are a little less expensive. The median home in Wainaku is valued at $290,300, which is $38,900 (13%) lower than Hilo. Its rents are somewhat more expensive. Wainaku's median rent is $1,375 a month, which is $330 (24%) higher than Hilo.
Paukaa
Paukaa is about 6 miles north from Hilo. The real estate prices there are a little more expensive. The median home cost in Paukaa is $403,700, which comes out to $74,500 (18%) higher than Hilo. Rents there are a lot more expensive. The median monthly rent in Paukaa is $1,563, which works out to $518 (33%) higher than Hilo.
Keaau
Keaau is approximately 6 miles southeast from Hilo. Its housing prices are fairly similar. The cost of the median home in Keaau is $338,900, which works out to $9,700 (2%) higher than Hilo. Its rents are somewhat more expensive. In Keaau the median monthly rent is $1,141, which comes out to $96 (8%) higher than Hilo.
Papaikou
Papaikou is roughly 8 miles north from Hilo. The real estate prices there are substantially less expensive. The median home in Papaikou is valued at $247,200, which is $82,000 (33%) lower than Hilo. Rents there are somewhat less expensive. The median monthly rent in Papaikou is $943, which is $102 (10%) lower than Hilo.
Hawaiian Paradise Park
Hawaiian Paradise Park is approximately 11 miles southeast from Hilo. Its housing prices are somewhat less expensive. The median home in Hawaiian Paradise Park is valued at $303,300, which works out to $25,900 (8%) lower than Hilo. The rent there is a little more expensive. In Hawaiian Paradise Park the median rent is $1,306 a month, which comes out to $261 (19%) higher than Hilo.
Orchidlands Estates
Orchidlands Estates is about 11 miles south from Hilo. Its housing prices are a little less expensive. The median home price in Orchidlands Estates is $259,300, which works out to $69,900 (26%) lower than Hilo. The rent there is somewhat more expensive. Orchidlands Estates's median rent is $1,172 per month, which comes out to $127 (10%) higher than Hilo.