Total monthly cost of ownership
Cost to Own a Home in Hawaii County, Hawaii
A $486,000 home here costs
$3,439per month, all in, with 20% down at today's 6.76% 30-year fixed rate. By the 28% rule that takes a household income of about $147,500 a year.
A standard mortgage calculator would have told you $2,524. The real number is $915 higher every month, 36% more than the payment most buyers budget for.
Compare with Honolulu County · Maui County · Kauai County · any county
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
How Hawaii County compares
Hawaii County ranks 3,095th of 3,133 US counties by effective property tax rate, meaning property taxes here are lower than in 38 counties and higher than in 3,094. Within Hawaii it ranks 1st of 4.
Paying the full bill when you don't have to?
Hawaii runs property tax relief: homestead, senior, veteran and disability programs, and nearly all of it requires a filing homeowners never make. See what you can claim in Hawaii. Buying instead? The state's down payment help is the program lenders forget to mention.
The numbers behind this page
| Measure | Hawaii County | Source |
|---|---|---|
| Median home value | $486,400 | ACS B25077 |
| Median real estate taxes paid | $1,392 | ACS B25103 |
| Effective property tax rate | 0.286% | Derived |
| Median gross rent | $1,411 | ACS B25064 |
| Occupied housing units | 72,958 | ACS B25003 |
| Population | 203,684 | ACS B01003 |
| Residential electricity price | 52.72¢/kWh | EIA 5.6.A, June 2026 |
| 30-year fixed mortgage rate | 6.76% | Freddie Mac PMMS |
The risk behind the insurance bill
FEMA rates Hawaii County's overall natural hazard risk Relatively High among US counties. Expected annual losses to buildings, people and agriculture here run about $365 million a year, county-wide, across every building in it, not per household.
One thing to be clear about: the insurance figure above does not know about any of this. It applies your state's average premium rate to the county's median home value, because published premium data does not exist at county level. Two counties in the same state get the same rate here even when FEMA rates one of them Very High and the other Very Low. So in a high-risk county treat the insurance line as a floor, not an estimate, and get a real quote before you budget.
Ratings are FEMA's own, relative to all US counties. A high drought or heat rating also shows up in the climate figures for Hawaii County.
Talk to someone who works this market
Every figure on this page is a county average. What your specific house costs, or what it would sell for, comes down to the street, the age of the roof and the condition of the systems. We will connect you with one licensed local agent who works Hawaii County every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Hawaii County I already own here and may sell
The weather behind that power bill
Hawaii County runs an average high of 57.6°F in its hottest month and a low of 34.3°F in its coldest, with 14.3" of precipitation a year and 32% of it falling in a single three-month stretch. That climate is what sets the $261 electricity line above: 0 cooling degree days and 6,919 heating degree days a year.
See the full Hawaii County climate breakdown , month by month temperatures, when the rainy season lands, snowfall, and what the heating and cooling actually cost.
Cities and towns in Hawaii County
Each has its own median home value and its own effective tax rate, which can differ noticeably from the county average of 0.286%.
Other counties in Hawaii
Compare the cost of the same home elsewhere in the state.
Questions about owning here
What is the property tax rate in Hawaii County?
The effective property tax rate in Hawaii County, Hawaii is 0.286% of home value per year. On the county's median home value of $486,400, that works out to about $1,392 annually, or $116 per month.
How much does it cost to own a home in Hawaii County?
A $486,000 home in Hawaii County, Hawaii costs approximately $3,439 per month with 20% down at 6.76%. That breaks down as $2,524 principal and interest, $116 property tax, $65 insurance, $329 utilities and $405 set aside for maintenance.
Why is this higher than the payment my lender quoted?
Lender quotes usually show principal and interest only, and sometimes property tax and insurance. They almost never include electricity, water or a maintenance reserve. Here those add about $734 a month, which is why the real cost is 36% above the mortgage payment alone.
Is it cheaper to rent in Hawaii County?
Median gross rent in Hawaii County, Hawaii is $1,411 per month, compared with $3,439 a month to own the median home all in. Renting is cheaper month to month, though rent does not build equity and is not fixed for 30 years.
How much is the electric bill in Hawaii County?
Hawaii residential electricity averages 52.72¢ per kWh. At the HI average household usage of 495 kWh per month, that is about $261. Actual bills vary considerably with house size, insulation and climate.
What salary do you need to buy a home in Hawaii County?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Hawaii County, Hawaii at today's rate takes a household income of roughly $147,500 a year. That covers the full $3,439 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes paid, gross rent, occupied units and population, US Census Bureau, American Community Survey ACS 2023 5-Year, tables B25077, B25103, B25064, B25003, B01003.
- Effective property tax rate, median real estate taxes paid divided by median home value.
- Mortgage rate, Freddie Mac PMMS, updated weekly.
- Residential electricity price, US Energy Information Administration, Electric Power Monthly, Table 5.6.A.
- Homeowners insurance, NAIC average premium for Hawaii ($1,299/yr), expressed as 0.16% of median home value and applied to the price above. A quote for your specific house will differ with roof age, claims history and coverage.
- Maintenance (1%/yr) and water and sewer ($68/mo) are modelled national estimates, not quoted figures. Every assumption is editable above.