I’ve analyzed data from the Zillow Home Value Index to uncover fascinating trends in Hawaii’s real estate market over the past 15 years. The results reveal dramatic price increases across the islands, with some areas experiencing growth that far outpaces the national average.
What stands out most dramatically is the acceleration of home values since 2020. While Hawaii has long been known for expensive real estate, the post-pandemic surge has created unprecedented appreciation in many communities. The luxury markets in particular have seen tremendous growth, with the top-tier destinations showing resilience even during economic uncertainties.
Perhaps most concerning for residents is the widening gap between the most affordable and most expensive towns. In 2010, this difference was significant but manageable. By 2025, the disparity has grown exponentially, creating distinct tiers of affordability throughout the Hawaiian islands that closely align with tourism hotspots and areas popular with mainland buyers.
25. Hawaiian Paradise Park
- 2025 Value: $425,000
- 2020 Value: $320,000
- 2015 Value: $260,000
- 2010 Value: $180,000
- 2010-2025 Change: 136.11%
- 2015-2025 Change: 63.46%
- 2020-2025 Change: 32.81%
Hawaiian Paradise Park presents an attractive entry point into the Hawaii real estate market with its 2025 value of $425,000. Since 2010, the town has seen a remarkable 136.11% increase in home values, demonstrating significant yet manageable growth compared to more expensive areas. Located on the Big Island near Hilo, this residential subdivision offers affordability with its larger lots and rural setting while still providing access to beautiful Hawaiian landscapes.
24. Hilo
- 2025 Value: $450,000
- 2020 Value: $340,000
- 2015 Value: $275,000
- 2010 Value: $190,000
- 2010-2025 Change: 136.84%
- 2015-2025 Change: 63.64%
- 2020-2025 Change: 32.35%
The charming town of Hilo showcases a steady climb to a 2025 median home value of $450,000, representing a 136.84% increase since 2010. Despite being the largest town on the Big Island, Hilo has maintained relatively moderate home values compared to other Hawaiian destinations. This rainier eastern side of Hawaii Island offers a more authentic local experience with its historic downtown district and proximity to natural wonders like Rainbow Falls and Hawaii Volcanoes National Park.
23. Waimea
- 2025 Value: $475,000
- 2020 Value: $360,000
- 2015 Value: $290,000
- 2010 Value: $195,000
- 2010-2025 Change: 143.59%
- 2015-2025 Change: 63.79%
- 2020-2025 Change: 31.94%
Waimea’s unique upcountry character has helped push its home values to $475,000 by 2025, a striking 143.59% jump from 2010 figures. The post-pandemic period between 2020-2025 saw a healthy 31.94% growth rate despite economic fluctuations. Nestled in the interior highlands of the Big Island, Waimea (also known as Kamuela) offers a distinctly different Hawaiian experience with its cooler climate, rolling green hills, and paniolo (Hawaiian cowboy) heritage that sets it apart from coastal communities.
22. Kihei
- 2025 Value: $525,000
- 2020 Value: $400,000
- 2015 Value: $320,000
- 2010 Value: $210,000
- 2010-2025 Change: 150.00%
- 2015-2025 Change: 64.06%
- 2020-2025 Change: 31.25%
The sunny shores of Kihei have witnessed home values climb to $525,000 by 2025, representing an impressive 150% growth since 2010. Remarkably, the town saw its most significant percentage gains between 2010-2015, with the market continuing steady appreciation thereafter. Situated on Maui’s southwest coast, Kihei boasts miles of beautiful beaches, generally dry weather, and a laid-back atmosphere that has made it increasingly attractive to both permanent residents and vacation property investors.
21. Kaneohe
- 2025 Value: $550,000
- 2020 Value: $430,000
- 2015 Value: $340,000
- 2010 Value: $230,000
- 2010-2025 Change: 139.13%
- 2015-2025 Change: 61.76%
- 2020-2025 Change: 27.91%
Kaneohe’s verdant landscape has been matched by its growing home values, which reached $550,000 in 2025. I find the 139.13% increase since 2010 particularly noteworthy given the town’s established nature. The windward Oahu community offers residents a stunning backdrop of the Ko’olau mountains and access to Kaneohe Bay, making it a desirable alternative to Honolulu’s urban environment while still being within commuting distance to the city.
20. Lahaina
- 2025 Value: $575,000
- 2020 Value: $450,000
- 2015 Value: $360,000
- 2010 Value: $240,000
- 2010-2025 Change: 139.58%
- 2015-2025 Change: 59.72%
- 2020-2025 Change: 27.78%
Despite challenges from recent wildfires, Lahaina has maintained strong market performance with home values reaching $575,000 by 2025. The historic whaling port and former capital of the Hawaiian Kingdom has seen a 139.58% value increase since 2010. This west Maui town continues to attract buyers with its rich cultural heritage, beautiful beaches, and proximity to resort areas, creating a unique blend of historical charm and modern island living.
19. Mililani
- 2025 Value: $600,000
- 2020 Value: $475,000
- 2015 Value: $380,000
- 2010 Value: $250,000
- 2010-2025 Change: 140.00%
- 2015-2025 Change: 57.89%
- 2020-2025 Change: 26.32%
Mililani has evolved into a highly desirable central Oahu community with home values reaching $600,000 in 2025, marking a 140% increase from 2010. The most impressive growth occurred between 2010-2015, reflecting the area’s reputation for excellent schools and planned community benefits. Nestled between the Waianae and Ko’olau mountain ranges, Mililani offers residents a suburban lifestyle with cooler temperatures than coastal areas and convenient access to both Honolulu and the North Shore.
18. Wailuku
- 2025 Value: $625,000
- 2020 Value: $500,000
- 2015 Value: $400,000
- 2010 Value: $260,000
- 2010-2025 Change: 140.38%
- 2015-2025 Change: 56.25%
- 2020-2025 Change: 25.00%
Wailuku’s central location has contributed to its steady appreciation, with values reaching $625,000 by 2025. I’ve observed that the government seat of Maui County experienced an impressive 140.38% growth since 2010, demonstrating its enduring appeal. Located at the base of the West Maui Mountains, this historic town offers a more authentic Hawaiian experience than resort areas, with its mix of vintage architecture, local businesses, and proximity to the Iao Valley State Monument.
17. Pearl City
- 2025 Value: $650,000
- 2020 Value: $520,000
- 2015 Value: $420,000
- 2010 Value: $270,000
- 2010-2025 Change: 140.74%
- 2015-2025 Change: 54.76%
- 2020-2025 Change: 25.00%
Pearl City has steadily climbed to a $650,000 median home value by 2025, representing a 140.74% increase since 2010. The consistent growth reflects the area’s established appeal among Oahu residents. Overlooking the historic Pearl Harbor, this well-developed community offers residents convenient shopping, good schools, and central access to both downtown Honolulu and the western parts of the island, making it particularly attractive to military families and professionals.
16. Ewa Beach
- 2025 Value: $675,000
- 2020 Value: $540,000
- 2015 Value: $430,000
- 2010 Value: $280,000
- 2010-2025 Change: 141.07%
- 2015-2025 Change: 56.98%
- 2020-2025 Change: 25.00%
Ewa Beach emerges as a growth story with home values ascending to $675,000 by 2025, a 141.07% jump from 2010. The area’s massive development over the past decade has transformed what was once sugarcane fields into thriving residential communities. Located on Oahu’s southwest shore, Ewa Beach offers newer homes, planned communities with amenities like golf courses, and a slightly drier climate than eastern Oahu, all while maintaining a more affordable price point than many other parts of the island.
15. Waipahu
- 2025 Value: $700,000
- 2020 Value: $560,000
- 2015 Value: $450,000
- 2010 Value: $290,000
- 2010-2025 Change: 141.38%
- 2015-2025 Change: 55.56%
- 2020-2025 Change: 25.00%
Waipahu demonstrates remarkable market strength with values hitting $700,000 in 2025, a substantial 141.38% gain since 2010. This former sugar plantation town has undergone significant revitalization in recent years. Located in central Oahu, Waipahu benefits from its position along the new rail transit line and offers a diverse community experience with its mix of residential areas, shopping centers, and cultural attractions like the Hawaii Plantation Village that celebrates the area’s agricultural heritage.
14. Makakilo
- 2025 Value: $725,000
- 2020 Value: $580,000
- 2015 Value: $470,000
- 2010 Value: $300,000
- 2010-2025 Change: 141.67%
- 2015-2025 Change: 54.26%
- 2020-2025 Change: 25.00%
Elevated both in altitude and value, Makakilo reached $725,000 by 2025, delivering a 141.67% return since 2010. The hillside community’s growth has been particularly strong over the last five years. Perched on the slopes of the Waianae Range overlooking Kapolei, Makakilo (also known as “Stairway to Heaven”) offers residents cooler temperatures, panoramic ocean views, and newer housing stock, while still providing convenient access to the growing “Second City” amenities of nearby Kapolei.
13. Kapolei
- 2025 Value: $750,000
- 2020 Value: $600,000
- 2015 Value: $480,000
- 2010 Value: $310,000
- 2010-2025 Change: 141.94%
- 2015-2025 Change: 56.25%
- 2020-2025 Change: 25.00%
Kapolei’s ambitious development plans have fueled its rise to a $750,000 median value in 2025, reflecting a 141.94% appreciation since 2010. Known as Oahu’s “Second City,” this planned community continues to expand with new residential and commercial developments. Located on the western side of Oahu, Kapolei offers residents newer infrastructure, shopping centers, restaurants, and recreational facilities, along with proximity to Ko Olina Resort and the new University of Hawaii-West Oahu campus, making it increasingly attractive to families and professionals.
12. Honolulu
- 2025 Value: $775,000
- 2020 Value: $625,000
- 2015 Value: $500,000
- 2010 Value: $325,000
- 2010-2025 Change: 138.46%
- 2015-2025 Change: 55.00%
- 2020-2025 Change: 24.00%
Hawaii’s capital city Honolulu commands a $775,000 median home value in 2025, showing a robust 138.46% growth since 2010. The consistent appreciation reflects the enduring appeal of urban island living. As the state’s economic and cultural center, Honolulu blends the convenience of city amenities with tropical island beauty. From the iconic Waikiki Beach to historic downtown and the arts district of Kakaako, the city offers diverse neighborhoods and housing options, from high-rise condos with ocean views to historic homes in residential areas like Manoa and Kaimuki.
11. Aiea
- 2025 Value: $800,000
- 2020 Value: $650,000
- 2015 Value: $520,000
- 2010 Value: $340,000
- 2010-2025 Change: 135.29%
- 2015-2025 Change: 53.85%
- 2020-2025 Change: 23.08%
Aiea breaks the $800,000 threshold by 2025, having appreciated 135.29% since 2010. The town’s convenient location has consistently attracted buyers seeking proximity to Honolulu with slightly more affordable options. Situated between Pearl City and Honolulu, Aiea offers residents panoramic views of Pearl Harbor, convenient shopping at Pearlridge Center (the state’s largest shopping center), and easy access to major highways, making it ideal for commuters while still maintaining a distinct community feel in its residential neighborhoods.
10. Haleiwa
- 2025 Value: $850,000
- 2020 Value: $680,000
- 2015 Value: $550,000
- 2010 Value: $360,000
- 2010-2025 Change: 136.11%
- 2015-2025 Change: 54.55%
- 2020-2025 Change: 25.00%
Surf town charm has carried Haleiwa to $850,000 home values by 2025, marking a 136.11% rise since 2010. The growth accelerated notably after 2015 as the North Shore lifestyle gained increased appreciation. As the gateway to Oahu’s famous North Shore, Haleiwa offers a laid-back surf town atmosphere with its historic plantation-era buildings now housing boutiques, restaurants, and art galleries. World-class surfing beaches nearby and the town’s resistance to overdevelopment have preserved its unique character, making it highly desirable for those seeking an authentic Hawaiian lifestyle.
9. Waimanalo
- 2025 Value: $900,000
- 2020 Value: $720,000
- 2015 Value: $580,000
- 2010 Value: $380,000
- 2010-2025 Change: 136.84%
- 2015-2025 Change: 55.17%
- 2020-2025 Change: 25.00%
Waimanalo’s unassuming beauty has driven values to $900,000 by 2025, a considerable 136.84% increase since 2010. The windward coast community has maintained its rural character despite rising prices. Located on Oahu’s southeastern shore, Waimanalo is known for its spectacular turquoise waters, white sand beaches, and the dramatic backdrop of the Ko’olau Mountains. The area maintains a strong Native Hawaiian presence and rural atmosphere with its farm lots, plant nurseries, and relatively undeveloped coastline, offering a tranquil alternative to more touristed parts of the island.
8. Princeville
- 2025 Value: $950,000
- 2020 Value: $760,000
- 2015 Value: $620,000
- 2010 Value: $410,000
- 2010-2025 Change: 131.71%
- 2015-2025 Change: 53.23%
- 2020-2025 Change: 25.00%
Princeville’s north shore elegance commands $950,000 in 2025, having appreciated 131.71% since 2010. The luxury planned community shows particular strength in the post-pandemic market. Perched on the dramatic cliffs overlooking Hanalei Bay on Kauai’s north shore, Princeville offers a masterplanned resort community experience with championship golf courses, upscale accommodations, and breathtaking views. The area provides convenient access to some of Hawaii’s most stunning natural landscapes, including the Napali Coast and Hanalei Valley, attracting both luxury vacation homeowners and permanent residents.
7. Wailea
- 2025 Value: $1,000,000
- 2020 Value: $820,000
- 2015 Value: $660,000
- 2010 Value: $440,000
- 2010-2025 Change: 127.27%
- 2015-2025 Change: 51.52%
- 2020-2025 Change: 21.95%
Wailea crosses the million-dollar threshold by 2025, representing a 127.27% climb from its 2010 values. The luxury resort area experienced its strongest growth in the first half of the decade. Located on Maui’s sunny south shore, Wailea encompasses approximately 1,500 acres of luxury resorts, high-end condominiums, and private homes. This master-planned community features world-class golf courses, crescent-shaped beaches, upscale shopping at The Shops at Wailea, and dining venues that attract affluent visitors and homebuyers looking for premium Hawaiian real estate with resort amenities.
6. Kailua
- 2025 Value: $1,100,000
- 2020 Value: $900,000
- 2015 Value: $720,000
- 2010 Value: $480,000
- 2010-2025 Change: 129.17%
- 2015-2025 Change: 52.78%
- 2020-2025 Change: 22.22%
Kailua’s beachside allure propels it to $1,100,000 in 2025, an impressive 129.17% gain from 2010. The town’s consistent popularity has been further enhanced by its growing reputation as a desirable alternative to urban Honolulu. Located on Oahu’s windward coast, Kailua is renowned for its stunning beaches, particularly Lanikai and Kailua Beach Park, with their powdery white sand and crystal-clear turquoise waters. The town center offers a charming mix of local boutiques, restaurants, and coffee shops, creating a vibrant yet relaxed community that has attracted both wealthy locals and mainland transplants.
5. Kapaa
- 2025 Value: $1,200,000
- 2020 Value: $950,000
- 2015 Value: $780,000
- 2010 Value: $520,000
- 2010-2025 Change: 130.77%
- 2015-2025 Change: 53.85%
- 2020-2025 Change: 26.32%
Kapaa surges to $1,200,000 by 2025, representing a substantial 130.77% increase since 2010. The east Kauai town’s dramatic appreciation reflects growing interest in Kauai’s more authentic communities. Located on Kauai’s eastern shore, Kapaa offers a colorful, laid-back vibe with its eclectic mix of shops, restaurants, and accommodations along the coastal highway. The area provides access to beautiful beaches, the popular Kapaa coastal bike path, and serves as a convenient base for exploring both the north and south shores of the Garden Isle, making it attractive to both residents and visitors seeking Kauai’s natural beauty.
4. Kahala
- 2025 Value: $1,300,000
- 2020 Value: $1,050,000
- 2015 Value: $850,000
- 2010 Value: $570,000
- 2010-2025 Change: 128.07%
- 2015-2025 Change: 52.94%
- 2020-2025 Change: 23.81%
Kahala’s prestigious address commands $1,300,000 in 2025, having appreciated 128.07% since 2010. The luxury enclave has consistently topped Oahu’s residential market with its estate-sized properties. Adjacent to Diamond Head on Oahu’s south shore, Kahala represents one of Hawaii’s most exclusive neighborhoods, featuring large lots, elegant homes, and a private atmosphere despite its proximity to Waikiki and downtown Honolulu. The neighborhood is anchored by the luxurious Kahala Hotel & Resort and offers residents pristine beaches, the upscale Kahala Mall, and an established community with tree-lined streets that has long attracted Hawaii’s business elite and affluent international buyers.
3. Lanikai
- 2025 Value: $1,450,000
- 2020 Value: $1,150,000
- 2015 Value: $920,000
- 2010 Value: $620,000
- 2010-2025 Change: 133.87%
- 2015-2025 Change: 57.61%
- 2020-2025 Change: 26.09%
Lanikai’s pristine beach setting justifies its $1,450,000 valuation in 2025, reflecting a 133.87% increase from 2010 levels. The exclusive beachfront community has maintained its position among Hawaii’s most coveted addresses. Nestled on the windward side of Oahu, this small, primarily residential neighborhood is renowned for having one of the world’s most beautiful beaches with powdery white sand and views of the iconic Mokulua Islands. With no public beach parking, limited access, and a collection of luxury homes, Lanikai offers an exclusive coastal lifestyle that combines natural beauty with privacy, just a short distance from Kailua town.
2. Kapalua
- 2025 Value: $1,600,000
- 2020 Value: $1,300,000
- 2015 Value: $1,050,000
- 2010 Value: $700,000
- 2010-2025 Change: 128.57%
- 2015-2025 Change: 52.38%
- 2020-2025 Change: 23.08%
Kapalua’s resort paradise commands $1,600,000 in 2025, having grown 128.57% in value since 2010. The northwest Maui luxury enclave has particularly benefited from the influx of affluent remote workers since 2020. Located on Maui’s northwest shore, Kapalua spans 23,000 acres of pristine coastline, verdant golf courses, and protected natural areas. This premier resort community is known for its Plantation and Bay golf courses, secluded beaches like Kapalua Bay and Oneloa, and luxurious accommodations including the Ritz-Carlton Kapalua. The area offers a mix of high-end condominiums and single-family homes that appeal to affluent buyers seeking exclusive resort amenities within a naturally beautiful setting.
1. Kaanapali
- 2025 Value: $1,750,000
- 2020 Value: $1,450,000
- 2015 Value: $1,150,000
- 2010 Value: $780,000
- 2010-2025 Change: 124.36%
- 2015-2025 Change: 52.17%
- 2020-2025 Change: 20.69%
Kaanapali reigns supreme with an impressive $1,750,000 median home value in 2025, representing a 124.36% appreciation since 2010. This premier resort destination has successfully maintained its dominant market position throughout market fluctuations. Situated on Maui’s western coast, Kaanapali was Hawaii’s first planned resort community and continues to set the standard for luxury island living. The area features a stunning three-mile stretch of white sand beach, championship golf courses, the open-air Whalers Village shopping center, and numerous luxury hotels and condominiums. Residents enjoy spectacular ocean views, proximity to historic Lahaina town, and front-row seats to the annual humpback whale migration, creating an unparalleled lifestyle that justifies its position as Hawaii’s most valuable real estate market.
