According to the Zillow Home Value Index, Hawaii continues to be one of the most expensive housing markets in the United States, but there are still areas where you can find relatively affordable homes in paradise. The data reveals fascinating trends about how different towns have appreciated over the years and where the best value opportunities might be found.
When exploring the 20 least expensive towns in Hawaii, you’ll notice dramatic variations in price appreciation across different regions. Many of these areas have seen skyrocketing values of 40-50% in just the last five years, while others show more moderate growth. This suggests different levels of development and desirability are affecting how these markets evolve.
You’ll find that many of Hawaii’s most affordable communities are located on the Big Island, particularly in less tourist-heavy areas. Even at the lower end of Hawaii’s market, home values still surpass mainland averages, with the least expensive town averaging $276,280 in 2025 – a price point that would be considered mid-range or even high in many mainland states.
20. Laupahoehoe Home Price Chart
Here are the historical home prices and percentage change over time:
- 2025 Value: $610,326
- 2020 Value: $416,016
- 2015 Value: No data available
- 2010 Value: No data available
- Change from 2020 to 2025: 46.71%
About Laupahoehoe
Located on the northeastern coast of the Big Island, Laupahoehoe offers you stunning ocean views and a quiet rural lifestyle. Your investment in this peaceful community would have grown impressively over the five-year period from 2020 to 2025, with values increasing by nearly 47% from $416,016 to $610,326. The dramatic growth reflects the increasing desire for serene coastal properties away from Hawaii’s more developed areas.
19. Kapaau Home Price Chart
Historical home prices and percentage change over time:
- 2025 Value: $605,774
- 2020 Value: $412,227
- 2015 Value: No data available
- 2010 Value: No data available
- Change from 2020 to 2025: 46.95%
About Kapaau
Nestled in the northern tip of the Big Island in North Kohala, Kapaau gives you access to a historic plantation town with rich cultural heritage. Your home value in this charming area would have appreciated substantially from $412,227 in 2020 to $605,774 in 2025, representing a robust 46.95% increase. This growth demonstrates the increasing appeal of authentic Hawaiian communities with strong historical connections and less tourist development.
18. Waianae Home Price Chart
Take a look at the historical home prices and percentage changes:
- 2025 Value: $572,785
- 2020 Value: $439,933
- 2015 Value: $305,443
- 2010 Value: $266,619
- Change from 2020 to 2025: 30.20%
- Change from 2015 to 2025: 87.53%
- Change from 2010 to 2025: 114.83%
About Waianae
Situated on Oahu’s western coastline, Waianae offers you some of the most beautiful beaches and sunset views on the island. Your property in this area would have steadily appreciated from $266,619 in 2010 to $572,785 in 2025, more than doubling in value with a 114.83% increase over 15 years. While the 2020-2025 growth of 30.20% was more moderate than some other areas, the long-term trajectory shows consistent appreciation in this less developed part of Oahu.
17. Papaikou Home Price Chart
Historical home values and percentage changes over time:
- 2025 Value: $565,808
- 2020 Value: $389,916
- 2015 Value: $315,727
- 2010 Value: $285,751
- Change from 2020 to 2025: 45.11%
- Change from 2015 to 2025: 79.21%
- Change from 2010 to 2025: 98.01%
About Papaikou
Just a few miles north of Hilo on the Big Island, Papaikou rewards you with lush tropical surroundings and spectacular ocean views. Your investment here would have nearly doubled over 15 years, rising from $285,751 in 2010 to $565,808 in 2025, representing a 98.01% increase. The accelerated growth of 45.11% between 2020 and 2025 indicates this area’s rising popularity as buyers seek more affordable alternatives near Hilo.
16. Ookala Home Price Chart
Here’s how home prices have changed over time:
- 2025 Value: $533,313
- 2020 Value: $371,190
- 2015 Value: No data available
- 2010 Value: No data available
- Change from 2020 to 2025: 43.68%
About Ookala
Perched on the Hamakua Coast of the Big Island, Ookala gives you a glimpse into Hawaii’s plantation past with rolling green hills and ocean panoramas. Your home here would have appreciated significantly from $371,190 in 2020 to $533,313 in 2025, showing a strong 43.68% growth. This formerly overlooked community has gained attention as buyers search for authentic Hawaiian experiences in less commercialized settings.
15. Papaaloa Home Price Chart
Historical home values and their changes over time:
- 2025 Value: $524,635
- 2020 Value: $375,779
- 2015 Value: No data available
- 2010 Value: No data available
- Change from 2020 to 2025: 39.61%
About Papaaloa
Along the scenic Hamakua Coast of the Big Island, Papaaloa enchants you with its verdant landscapes and peaceful rural setting. Your property value in this tranquil community would have seen healthy appreciation from $375,779 in 2020 to $524,635 in 2025, representing a 39.61% increase. This growth reflects the increasing appeal of quiet coastal communities offering an authentic Hawaiian lifestyle away from tourist centers.
14. Hilo Home Price Chart
See how home values have changed over the years:
- 2025 Value: $517,916
- 2020 Value: $358,919
- 2015 Value: $288,371
- 2010 Value: No data available
- Change from 2020 to 2025: 44.30%
- Change from 2015 to 2025: 79.60%
About Hilo
As the largest town on the Big Island, Hilo welcomes you with its charming downtown, abundant rainfall creating lush tropical surroundings, and authentic Hawaiian atmosphere. Your home value here would have increased substantially from $288,371 in 2015 to $517,916 in 2025, showing a robust 79.60% growth over a decade. The accelerated 44.30% appreciation between 2020 and 2025 demonstrates Hilo’s increasing appeal as a more affordable alternative to West Hawaii and other islands.
13. Pepeekeo Home Price Chart
Historical home prices and percentage changes:
- 2025 Value: $512,006
- 2020 Value: $360,263
- 2015 Value: No data available
- 2010 Value: No data available
- Change from 2020 to 2025: 42.12%
About Pepeekeo
Just north of Hilo on the Big Island’s eastern shore, Pepeekeo offers you spectacular ocean views and a relaxed rural lifestyle. Your investment in this peaceful community would have grown significantly from $360,263 in 2020 to $512,006 in 2025, representing a strong 42.12% increase. This growth pattern highlights the rising interest in residential areas with proximity to Hilo’s amenities while maintaining a quieter, less crowded environment.
12. Keaau Home Price Chart
The historical home values and percentage changes over time are:
- 2025 Value: $452,357
- 2020 Value: $303,707
- 2015 Value: $232,248
- 2010 Value: No data available
- Change from 2020 to 2025: 48.94%
- Change from 2015 to 2025: 94.77%
About Keaau
Situated just south of Hilo on the Big Island, Keaau provides you with a convenient location that balances rural charm with proximity to urban amenities. Your home value in this growing community would have seen remarkable appreciation from $232,248 in 2015 to $452,357 in 2025, nearly doubling with a 94.77% increase over ten years. The robust 48.94% growth between 2020 and 2025 reflects Keaau’s emerging status as a desirable residential area for those working in Hilo but seeking more affordable housing options.
11. Paauilo Home Price Chart
Home price history and percentage changes:
- 2025 Value: $446,182
- 2020 Value: $318,937
- 2015 Value: No data available
- 2010 Value: No data available
- Change from 2020 to 2025: 39.90%
About Paauilo
Along the scenic Hamakua Coast of the Big Island, Paauilo rewards you with sweeping ocean views and a glimpse into Hawaii’s agricultural heritage. Your property in this charming former plantation town would have appreciated significantly from $318,937 in 2020 to $446,182 in 2025, showing a healthy 39.90% growth. This increase demonstrates the growing appeal of authentic rural Hawaiian communities offering a quieter lifestyle with stunning natural beauty.
10. Hoolehua Home Price Chart
Historical home values and percentage changes:
- 2025 Value: $417,904
- 2020 Value: $295,441
- 2015 Value: No data available
- 2010 Value: No data available
- Change from 2020 to 2025: 41.45%
About Hoolehua
Located in the central plains of Molokai, Hoolehua gives you access to a truly authentic Hawaiian experience far from the tourist crowds. Your home value in this rural community would have grown substantially from $295,441 in 2020 to $417,904 in 2025, representing a strong 41.45% increase. This appreciation reflects the growing interest in Molokai’s unique lifestyle that emphasizes traditional Hawaiian values and a slower pace of life.
9. Kaunakakai Home Price Chart
Here are the historical home values and percentage changes over time:
- 2025 Value: $409,582
- 2020 Value: $323,247
- 2015 Value: $244,596
- 2010 Value: $233,340
- Change from 2020 to 2025: 26.71%
- Change from 2015 to 2025: 67.45%
- Change from 2010 to 2025: 75.53%
About Kaunakakai
As the main town on Molokai, Kaunakakai offers you a glimpse of old Hawaii with its small-town charm and relaxed pace of life. Your investment here would have appreciated steadily from $233,340 in 2010 to $409,582 in 2025, showing a solid 75.53% growth over 15 years. The more moderate 26.71% increase from 2020 to 2025 reflects Molokai’s commitment to controlled development and preservation of its traditional character, making it an appealing option for those seeking authentic Hawaiian living.
8. Naalehu Home Price Chart
Check out the historical home values and percentage changes:
- 2025 Value: $400,625
- 2020 Value: $266,616
- 2015 Value: No data available
- 2010 Value: No data available
- Change from 2020 to 2025: 50.26%
About Naalehu
In the southernmost town in the United States, Naalehu provides you with a uniquely remote and unspoiled Hawaiian experience on the Big Island. Your property value in this distinctive community would have increased dramatically from $266,616 in 2020 to $400,625 in 2025, representing an impressive 50.26% growth. This substantial appreciation indicates the growing appeal of off-the-beaten-path locations offering affordable entry points into the Hawaiian real estate market and authentic local experiences.
7. Volcano Home Price Chart
Home price history and percentage changes over time:
- 2025 Value: $395,310
- 2020 Value: $270,515
- 2015 Value: $202,614
- 2010 Value: $334,212
- Change from 2020 to 2025: 46.13%
- Change from 2015 to 2025: 95.10%
- Change from 2010 to 2025: 18.28%
About Volcano
Nestled adjacent to Hawaii Volcanoes National Park on the Big Island, Volcano Village surrounds you with misty rainforests and a unique artistic community. Your home here would have experienced an unusual value trajectory, declining from $334,212 in 2010 to $202,614 in 2015 (likely influenced by volcanic activity concerns), before rebounding strongly to $395,310 in 2025. The impressive 95.10% growth from 2015 to 2025 demonstrates the resilience of this distinctive community and its appeal to those seeking cooler climates and natural wonders.
6. Kurtistown Home Price Chart
Historical home values and their changes over the years:
- 2025 Value: $378,894
- 2020 Value: $259,956
- 2015 Value: No data available
- 2010 Value: No data available
- Change from 2020 to 2025: 45.75%
About Kurtistown
Located in the Puna District of the Big Island, Kurtistown provides you with affordable rural living in a lush tropical setting. Your property value in this growing community would have appreciated significantly from $259,956 in 2020 to $378,894 in 2025, showing a robust 45.75% increase. This strong growth reflects the rising appeal of Puna as a region offering relatively affordable entry points into Hawaii’s property market while still providing the tropical paradise experience.
5. Maunaloa Home Price Chart
Here’s how home values have changed over time:
- 2025 Value: $334,005
- 2020 Value: $302,455
- 2015 Value: No data available
- 2010 Value: No data available
- Change from 2020 to 2025: 10.43%
About Maunaloa
On the western side of Molokai, Maunaloa welcomes you to a quiet plantation town with sweeping views and remarkable sunsets. Your home in this remote community would have seen modest appreciation from $302,455 in 2020 to $334,005 in 2025, representing a 10.43% increase. This more moderate growth reflects Molokai’s limited economic development and infrastructure, yet still offers an authentic Hawaiian experience for those seeking an escape from modern pressures and tourist crowds.
4. Mountain View Home Price Chart
Historical home values and percentage changes over time:
- 2025 Value: $329,632
- 2020 Value: $237,160
- 2015 Value: $171,119
- 2010 Value: No data available
- Change from 2020 to 2025: 38.99%
- Change from 2015 to 2025: 92.63%
About Mountain View
In the cool uplands between Hilo and Volcano on the Big Island, Mountain View offers you affordable living in a verdant, rainforest environment. Your property value in this rural community would have nearly doubled from $171,119 in 2015 to $329,632 in 2025, showing an impressive 92.63% growth over a decade. The strong 38.99% appreciation between 2020 and 2025 highlights the increasing appeal of cooler, wetter areas of the island that provide more affordable housing options within commuting distance to Hilo.
3. Pahoa Home Price Chart
Take a look at the historical home prices and their percentage changes:
- 2025 Value: $286,674
- 2020 Value: $207,554
- 2015 Value: $160,636
- 2010 Value: No data available
- Change from 2020 to 2025: 38.12%
- Change from 2015 to 2025: 78.46%
About Pahoa
In the vibrant Puna District of the Big Island, Pahoa entices you with its bohemian atmosphere and adventurous spirit. Your investment in this eclectic community would have grown substantially from $160,636 in 2015 to $286,674 in 2025, representing a robust 78.46% increase over ten years. The consistent appreciation, including 38.12% growth between 2020 and 2025, demonstrates resilience despite volcanic challenges and highlights Pahoa’s enduring appeal as one of Hawaii’s most affordable and unique communities.
2. Ocean View Home Price Chart
Historical home values and percentage changes over the years:
- 2025 Value: $280,541
- 2020 Value: $188,364
- 2015 Value: $129,603
- 2010 Value: $278,704
- Change from 2020 to 2025: 48.94%
- Change from 2015 to 2025: 116.46%
- Change from 2010 to 2025: 0.66%
About Ocean View
Sprawling across the southern slopes of Mauna Loa on the Big Island, Ocean View presents you with one of Hawaii’s most affordable homeownership opportunities. Your property value here would have followed a remarkable path, dropping dramatically from $278,704 in 2010 to $129,603 in 2015, before rebounding strongly to $280,541 in 2025. The extraordinary 116.46% growth from 2015 to 2025 demonstrates the volatile nature of this remote community, which offers large lots at accessible prices but comes with challenges including limited infrastructure and services.
1. Pahala Home Price Chart
Here are the historical home prices and percentage change over time:
- 2025 Value: $276,280
- 2020 Value: $185,533
- 2015 Value: No data available
- 2010 Value: No data available
- Change from 2020 to 2025: 48.91%
About Pahala
In the southern Kau District of the Big Island, Pahala introduces you to Hawaii’s least expensive housing market and a glimpse into the state’s sugar plantation history. Your home in this historic community would have appreciated dramatically from $185,533 in 2020 to $276,280 in 2025, representing an impressive 48.91% increase. Despite being the most affordable town in Hawaii, Pahala’s strong growth trajectory suggests increasing recognition of its value proposition, offering authentic Hawaiian living at a fraction of the cost found in more developed areas.
