Best Places To Buy A House In Hawaii For 2020


Using science and data, we can tell you which places in Hawaii have seen home prices rising and people flocking over the past year.

Editor’s note: This is not investment advice and we are not financial advisers. Article updated for 2020.

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There's a the age old question everyone thinks about when they decide to move to a city in Hawaii:

Should I buy a place or rent? Well, we aren't here today to solve that problem for you exactly. We are just assuming you'll do the right thing and a buy a place. And while we are happy to tell you the best place to live in Hawaii, this analysis is going to tackle the question of the best place to buy a house as an investor. That is we are going to try and determine the up and coming cities in the Aloha State.

To do that we are going to look at places in Hawaii that are growing faster than average, but where home prices are below average. In every day terms, the "deals". The best deal in Hawaii at the moment? That would be Maunawili according to our analysis.

Here's a look at the top ten places to buy a home in hawaii for 2020:

  1. Maunawili (Photos | Homes For Sale)
  2. Honalo (Homes For Sale)
  3. Anahola (Homes For Sale)
  4. Lawai (Homes For Sale)
  5. Kahuku (Homes For Sale)
  6. Keokea (Homes For Sale)
  7. Honokaa (Photos | Homes For Sale)
  8. Paia (Photos | Homes For Sale)
  9. Keaau (Homes For Sale)
  10. Kilauea (Homes For Sale)

What's the best place to buy a home in Hawaii for 2020? According to our analysis, would the the ideal place to buy a home looking into the future.

The methodology that wen't into this can be a bit complicated, so we'll break it down for you in as much detail as we can below. If you're not worried about finding a deal on good places to live, check out the most expensive places to live in hawaii and, for those of you on a budget, the cheapest places to live in hawaii.

For more Hawaii reading, check out:

The 10 Best Cities To Buy A House In Hawaii For 2020

Maunawili, HI

Overall SnackAbility

7.5
/10

Population: 2,023
Median Home Price: $1,020,600
Population Change: 0.1%
Home Price Change: 7.6%
More on Maunawili: PhotosHomes For Sale | Data

Overall SnackAbility

7
/10

Population: 2,162
Median Home Price: $391,200
Population Change: -5.5%
Home Price Change: 3.8%
More on Honalo: Homes For Sale | Data

Overall SnackAbility

5
/10

Population: 2,175
Median Home Price: $432,800
Population Change: 9.5%
Home Price Change: 0.6%
More on Anahola: Homes For Sale | Data

Overall SnackAbility

7.5
/10

Population: 2,211
Median Home Price: $557,700
Population Change: 11.4%
Home Price Change: -4.9%
More on Lawai: Homes For Sale | Data

Overall SnackAbility

7
/10

Population: 2,245
Median Home Price: $567,400
Population Change: -4.6%
Home Price Change: 5.7%
More on Kahuku: Homes For Sale | Data

Overall SnackAbility

6
/10

Population: 2,251
Median Home Price: $522,900
Population Change: -1.4%
Home Price Change: 16.2%
More on Keokea: Homes For Sale | Data

Honokaa, HI

Overall SnackAbility

5
/10

Population: 2,301
Median Home Price: $336,400
Population Change: 0.1%
Home Price Change: 0.6%
More on Honokaa: PhotosHomes For Sale | Data

Paia, HI

Overall SnackAbility

7.5
/10

Population: 2,412
Median Home Price: $686,900
Population Change: -8.6%
Home Price Change: 10.2%
More on Paia: PhotosHomes For Sale | Data

Overall SnackAbility

6
/10

Population: 2,493
Median Home Price: $305,100
Population Change: -5.1%
Home Price Change: -1.8%
More on Keaau: Homes For Sale | Data

Overall SnackAbility

7
/10

Population: 2,579
Median Home Price: $700,300
Population Change: 14.1%
Home Price Change: 10.9%
More on Kilauea: Homes For Sale | Data

How do you determine the best places to buy a home in hawaii for 2020?

We were in real estate for almost five years and have been working on this site for another three. Suffice is to say, we've put a lot of thought into what goes into finding a good place to buy a home.

So all that thinking has come to this moment where we get to spell out how we'd approach finding an up-and-coming place to live in Hawaii. Put differently, the analysis will try to find places in Hawaii with undervalued homes relative to pent up demand.

To do that we looked at the most recent American Community Survey Census data for 2014-2018 and compared it to the previous vintage (2012-2016). Specifically, we used the following criteria:

  • Y-o-Y Change In Population (People want to live here)
  • Y-o-Y Change In Median Home Prices (People are willing to pay for it)
  • Home Prices Relative To The State Average (It's still kinda cheap)

We want places that are growing, have seen home prices increase in recent years, and are still "cheap" for Hawaii with the following caveats:

So of the 0 cities and towns in Hawaii, only 85 places made it through our initial filters to even be considered.

We then ranked each place from 1 to 85 for the criteria mentioned above with 1 being the best for that criteria. We averaged the rankings to create a "best place to buy" index with the place having the lowest index being the best. You can download the data here.

Turns out that Maunawili is the best potential gem in the not-so-rough in the Aloha State.

Read on for more on these places.

There You Have It - The Best Places To Purchase A House In hawaii for 2020

There's our analysis of the best places to buy a house in Hawaii. And, to be clear, we aren't necessarily saying these places are the best places to live, just that it looks like they might be in a couple of years based on the data.

In fact, every place in the following table meets our criteria, so even though it may not look super long, remember we started off with all 0 places in the state.

So if we'd could rent or buy in these cities, we'd definitely buy.

For more hawaii reading, check out:

Detailed List Of The Best Places To Buy A Home In Hawaii

City Rank Median Home Price Population Change Home Price Increase
Maunawili 1 $1,020,600 0.1% 7.6%
Honalo 2 $391,200 -5.5% 3.8%
Anahola 3 $432,800 9.5% 0.6%
Lawai 4 $557,700 11.4% -4.9%
Kahuku 5 $567,400 -4.6% 5.7%
Keokea 6 $522,900 -1.4% 16.2%
Honokaa 7 $336,400 0.1% 0.6%
Paia 8 $686,900 -8.6% 10.2%
Keaau 9 $305,100 -5.1% -1.8%
Kilauea 10 $700,300 14.1% 10.9%
Wailua 11 $445,400 -5.6% 2.4%
Lanai City 12 $410,300 -12.0% 2.7%
Koloa 13 $562,500 4.3% 6.9%
Hanapepe 14 $408,900 -0.2% 1.8%
Eleele 15 $424,400 3.7% 2.0%
Hawaiian Acres 16 $214,500 3.2% 12.2%
Orchidlands Estates 17 $252,900 -3.4% 5.1%
Volcano 18 $199,200 5.2% 7.4%
Mountain View 19 $203,500 -14.8% -1.1%
Ainaloa 20 $165,900 7.8% 6.6%
Kekaha 21 $396,000 4.7% 6.6%
Waikapu 22 $603,500 5.7% 7.7%
Hauula 23 $622,200 2.5% 4.3%
Waialua 24 $651,500 -3.9% -3.0%
Kaunakakai 25 $309,400 6.4% -2.6%
Waimanalo Beach 26 $517,300 -0.9% 10.5%
Puhi 27 $427,800 -2.5% 1.6%
Captain Cook 28 $473,700 1.0% -2.8%
Haleiwa 29 $705,400 11.4% 10.0%
Whitmore Village 30 $546,500 -5.4% 6.1%
Kahaluu 31 $884,400 -11.9% 5.0%
Pupukea 32 $1,199,400 -4.4% 2.3%
Heeia 33 $892,600 -3.0% 5.8%
Hawaiian Beaches 34 $188,400 -10.7% -4.3%
Hawaiian Ocean View 35 $140,000 3.5% -1.0%
West Loch Estate 36 $592,000 4.6% 8.5%
Kalaheo 37 $691,700 -3.5% 2.8%
Hanamaulu 38 $463,900 0.7% 6.5%
Waipio Acres 39 $395,000 0.2% 2.7%
Wailea 40 $994,000 1.0% 6.2%
Wailua Homesteads 41 $618,000 -5.0% 2.8%
Laie 42 $709,100 -0.9% 7.1%
Waimanalo 43 $593,900 -6.7% 1.3%
Waikoloa Village 44 $427,000 6.6% 6.3%
Waikele 45 $508,800 -5.2% 6.4%
Ewa Villages 46 $557,200 -12.0% 12.5%
Lihue 47 $583,300 4.5% 6.8%
Kula 48 $932,600 0.3% 8.7%
Makawao 49 $594,400 10.8% 3.9%
Pukalani 50 $632,700 -6.8% 2.0%
Ahuimanu 51 $675,000 1.9% 7.1%
Makaha 52 $383,200 -1.0% -5.9%
Holualoa 53 $577,700 4.6% 13.6%
Aiea 54 $780,400 1.1% 3.2%
Kapaa 55 $499,500 0.4% 0.4%
Maili 56 $443,900 5.9% 1.8%
Hawaiian Paradise Park 57 $280,100 -0.7% 9.7%
Waipio 58 $534,200 -0.9% 1.5%
Kalaoa 59 $498,900 4.5% -0.4%
Waimea Cdp (Hawaii County) 60 $418,000 -3.1% 6.6%
Nanakuli 61 $339,300 -0.1% 9.3%
Lahaina 62 $631,300 -0.9% 3.5%
Waimalu 63 $426,900 1.7% 7.6%
Ocean Pointe 64 $629,800 3.4% 2.7%
Waianae 65 $360,800 3.1% 6.3%
Royal Kunia 66 $614,700 0.4% 3.1%
Halawa 67 $705,600 2.1% 5.1%
Ewa Beach 68 $493,000 -2.2% 4.0%
Kailua Cdp (Hawaii County) 69 $444,600 8.0% 0.7%
Wailuku 70 $549,600 2.1% 14.3%
Wahiawa 71 $562,700 -0.8% 6.8%
Mililani Mauka 72 $666,000 -2.1% 3.8%
Makakilo 73 $593,400 1.5% 2.8%
Kapolei 74 $507,400 1.8% 3.4%
Kihei 75 $556,100 -1.5% 5.4%
Ewa Gentry 76 $543,500 6.5% 6.4%
Mililani Town 77 $620,200 -1.5% 5.0%
Kahului 78 $563,500 5.2% 4.4%
Kaneohe 79 $728,200 -1.1% 4.5%
Kailua Cdp (Honolulu County) 80 $938,200 -3.7% 4.1%
Waipahu 81 $593,300 -3.1% 3.5%
Pearl City 82 $649,000 -0.3% 3.6%
Hilo 83 $319,100 1.3% 4.3%
East Honolulu 84 $921,200 -0.2% 3.7%
Urban Honolulu 85 $652,200 -0.2% 3.8%

How Is The Area In ?

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

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