CALCMONEY // HOME AFFORDABILITY // HI
Find out how much home you can afford in Hawaii using local median home prices, current mortgage rates, and HI-specific property tax data.
Open Full Calculator$855,000
$5,106/mo
$267,344
$218,847/yr
| Median Home Price | $855,000 |
| Down Payment (20%) | $171,000 |
| Loan Amount | $684,000 |
| Monthly PI Payment | $4,551 |
| Monthly Property Tax | $200 |
| Monthly Insurance Est. | $356 |
| Total Monthly PITI | $5,106 |
| Required Gross Income (28% rule) | $218,847/yr |
| Max Affordable Price (28% rule) | $267,344 |
$29,925
$6,629/mo
Hawaii Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $855,000 | State median |
| Down Payment (20%) | $171,000 | Conventional |
| Monthly PITI (median home) | $5,106 | 7% rate |
| Required Income (28% rule) | $218,847 | Annual gross |
| Max Affordable Home | $267,344 | Based on median income |
| FHA Down Payment (3.5%) | $29,925 | Minimum FHA |
Monthly PITI includes principal, interest, property tax, and homeowners insurance.
The median home price in Hawaii is $855,000, with a current 30-year fixed mortgage rate of 7%. A buyer putting 20% down on the median home would carry a loan of $684,000, resulting in a monthly principal and interest payment of $4,551. Once property taxes and insurance are added, total monthly housing costs reach $5,106.
Property taxes in Hawaii average 0.28%, well below the national average of 1.1%. On the median Hawaii home, property taxes add $200/month to total housing costs.
Hawaii levies a state income tax of 1.4%–11%, which affects take-home pay and therefore what you can realistically budget for housing. Mortgage interest may be deductible on both federal and Hawaii state returns — consult a tax professional for your situation.
Using the 28% rule, a household earning Hawaii's median income of $84,800/year can afford up to $1,979/month in total housing costs (principal, interest, taxes, and insurance). Based on Hawaii's current mortgage rate of 7% and property tax rate of 0.28%, that translates to a maximum affordable home price of approximately $267,344 with 20% down on a 30-year loan.
To comfortably afford the median Hawaii home priced at $855,000, you need an annual gross income of approximately $218,847. This is based on the standard 28% rule: your total monthly housing costs (principal and interest of $4,551, property taxes of $200, and insurance of $356) come to $5,106/month, which should not exceed 28% of your gross monthly income.
Hawaii's average property tax rate is 0.28%, which is well below the national average of 1.1%. On the median Hawaii home of $855,000, that means annual property taxes of $2,394, or $200/month. Because lenders include property taxes in your debt-to-income calculation, Hawaii's property taxes have a relatively modest impact on overall affordability.
The minimum down payment depends on your loan type. For an FHA loan, you can put down as little as 3.5% — on the median Hawaii home of $855,000, that is $29,925. Conventional loans typically require 5% down, though some programs allow 3%. Putting down 20% ($171,000 on the median Hawaii home) lets you avoid private mortgage insurance (PMI), which can add 0.5%–1% to your annual loan cost. There are no Hawaii-specific minimum down payment requirements beyond federal guidelines.