In the United States, Hawaii was the state with the most expensive housing, with the typical value of single-family homes in the 35th to 65th percentile range exceeding 981,000 U.S. dollars. Unsurprisingly, Hawaii also ranked top as the state with the highest cost of living. Meanwhile, a property was the least expensive in West Virginia, where it cost under 167,000 U.S. dollars to buy the typical single-family home. Single-family home prices increased across most states in the United States between December 2023 and December 2024, except in Louisiana, Florida, and the District of Colombia. According to the Federal Housing Association, house appreciation in 13 states exceeded nine percent in 2023.

Graph and download economic data for Housing Inventory: Median Listing Price per Square Feet in Hawaii (MEDLISPRIPERSQUFEEHI) from Jul 2016 to Feb 2025 about HI, square feet, listing, median, price, and USA.

All-Transactions House Price Index for Hawaii was 826.25000 Index 1980 Q1=100 in October of 2024, according to the United States Federal Reserve. Historically, All-Transactions House Price Index for Hawaii reached a record high of 948.00000 in July of 2024 and a record low of 49.15000 in October of 1981. Trading Economics provides the current actual value, an historical data chart and related indicators for All-Transactions House Price Index for Hawaii - last updated from the United States Federal Reserve on March of 2025.

Graph and download economic data for Housing Inventory: Median Listing Price in Hawaii (MEDLISPRIHI) from Jul 2016 to Feb 2025 about HI, listing, median, price, and USA.

Graph and download economic data for All-Transactions House Price Index for Maui County, HI (ATNHPIUS15009A) from 1977 to 2024 about Maui County, HI; HI; HPI; housing; price index; indexes; price; and USA.

Graph and download economic data for Housing Inventory: Median Listing Price Month-Over-Month in Maui County, HI (MEDLISPRIMM15009) from Jul 2017 to Feb 2025 about Maui County, HI; HI; listing; median; price; and USA.

United States Median Home Sale Price: Townhouse: Hawaii data was reported at 877.000 USD th in Jul 2020. This records an increase from the previous number of 590.000 USD th for Jun 2020. United States Median Home Sale Price: Townhouse: Hawaii data is updated monthly, averaging 576.500 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 1,190.000 USD th in Dec 2013 and a record low of 205.000 USD th in Jan 2014. United States Median Home Sale Price: Townhouse: Hawaii data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB055: Median Home Sale Price: by States.

The U.S. housing market continues to evolve, with the median home price forecast to reach 426,000 U.S. dollars by the second quarter of 2026. This projection comes after a period of significant growth and recent fluctuations, reflecting the complex interplay of economic factors affecting the real estate sector. The rising costs have not only impacted home prices, but also down payments, with the median down payment more than doubling since 2012. Regional variations in housing costs Home prices and down payments vary dramatically across the United States. While the national median down payment stood at approximately 26,700 U.S. dollars in early 2024, homebuyers in states like California, Massachusetts, and Hawaii faced down payments exceeding 74,000 U.S. dollars. This disparity highlights the challenges of homeownership in high-cost markets and underscores the importance of location in determining housing affordability. Market dynamics and future outlook The housing market has shown signs of cooling after years of rapid growth, with more modest price increases of 4.8 percent in 2022 and 6.5 percent in 2023. This slowdown can be attributed in part to rising mortgage rates, which have tempered demand. Despite these challenges, most states continued to see year-over-year price growth in the fourth quarter of 2023, with Rhode Island and Vermont leading the pack at over 13 percent appreciation. As the market adjusts to new economic realities, potential homebuyers and investors alike will be watching closely for signs of stabilization or renewed growth in the coming years.

In 2020, the median price paid for a luxury single-family home on Maui, Hawaii was three million U.S. dollars. Luxury homes were defined as those in the top ten percent of the market in terms of price. In 2019, Maui County was one of the least affordable counties in the United States.

West Virginia and Kansas had the lowest cost of living across all U.S. states, with composite costs being half of those found in Hawaii. This was according to a composite index that compares prices for various goods and services on a state-by-state basis. In West Virginia, the cost of living index amounted to 84.8 - well below the national benchmark of 100. Nevada - which had an index value of 100.1 - was only slightly above that benchmark. Expensive places to live included Hawaii, Massachusetts, and California Housing costs in the U.S. Housing is usually the highest expense in a household’s budget. In 2023, the average house sold for approximately 427,000 U.S. dollars, but house prices in the Northeast and West regions were significantly higher. Conversely, the South had some of the least expensive housing. In West Virginia, Mississippi, and Louisiana, the median price of the typical single-family home was less than 200,000 U.S. dollars. That makes living costs in these states significantly lower than in states such as Hawaii and California, where housing is much more expensive. What other expenses affect the cost of living? Utility costs such as electricity, natural gas, water, and internet also influence the cost of living. In Alaska, Hawaii, and Connecticut, the average monthly utility cost exceeded 500 U.S. dollars. That was because of the significantly higher prices for electricity and natural gas in these states.

In September 2024, the average residential retail price of electricity in Hawaii, United States, amounted to 40.75 U.S. cents per kilowatt-hour. The island was the state with the highest electricity price in the country., as its electricity generation relies heavily on oil imports.

In 2022, Hawaii had the highest average construction value for new homes of all the states in the United States. A new housing unit authorized in Hawaii had an average construction value of roughly 413,100 dollars. Other states with a high average construction cost for new homes were Wyoming, Massachusetts, Wisconsin, and New Hampshire. In contrast, Delaware exhibited the lowest average construction value, amounting to approximately 142,300 U.S. dollars.

In 2018, the median price paid for a luxury single-family home on Kauai, Hawaii was 3.5 million U.S. dollars. Luxury homes were defined as those in the top ten percent of the market in terms of price.

This statistic shows the average monthly cost of owning and renting in the United States in 2018, by state. In Hawaii, the average monthly cost of a home mortgage was 2,839 U.S. dollars and the average monthly rent was 2,300 U.S. dollars.

Graph and download economic data for Housing Inventory: Average Listing Price Year-Over-Year in Kauai County, HI (AVELISPRIYY15007) from Jul 2017 to Feb 2025 about Kauai County, HI; HI; average; listing; price; and USA.

In 2023, Alaska reported the highest rent for public housing among all the states in the United States. The average monthly rent in Alaska amounted to 715 U.S. dollars for government-subsidized housing. California, New York, and Hawaii were some of the states with the highest average rent, with rental costs above 550 U.S. dollars. On the other hand, Puerto Rico offered the most affordable public housing with the lowest rent among all states, coming in at just 121 U.S. dollars. Some other affordable states for low-income families were Arkansas, Alabama, Oklahoma, and Ohio, all costing less than 320 U.S. dollars.

Median Home Sale Price：Condo/Co-op：夏威夷在07-01-2020达458.000千美元，相较于06-01-2020的436.000千美元有所增长。Median Home Sale Price：Condo/Co-op：夏威夷数据按月更新，02-01-2012至07-01-2020期间平均值为392.000千美元，共102份观测结果。该数据的历史最高值出现于04-01-2020，达481.000千美元，而历史最低值则出现于01-01-2013，为288.000千美元。CEIC提供的Median Home Sale Price：Condo/Co-op：夏威夷数据处于定期更新的状态，数据来源于Redfin，数据归类于全球数据库的美国 – Table US.EB055：Median Home Sale Price：按州划分。

Alaska, Hawaii, and Connecticut were the states with the highest average monthly utility costs in the United States in 2023. Residents paid about 133.89 U.S. dollars for their electricity bills in Hawaii, while the average monthly bill for natural gas came to 164 U.S. dollars. This was significantly higher than in any other state. Bigger homes have higher utility costs Despite regional variations, single-family homes in the United States have grown bigger in size since 1975. This trend also means that, unless homeowners invest in energy savings measures, they will have to pay more for their utility costs. Which are the most affordable states to live in? According to the cost of living index, the three most affordable states to live in are Mississippi, Kansas, and Oklahoma. At the other end of the scale are Hawaii, District of Columbia, and New York. The index is based on housing, utilities, grocery items, transportation, health care, and miscellaneous goods and services. To buy a median priced home in Kansas City, a prospective home buyer will have to earn an annual salary of about 76,000 U.S. dollars.

Graph and download economic data for Housing Inventory: Median Listing Price in Kauai County, HI (MEDLISPRI15007) from Jul 2016 to Feb 2025 about Kauai County, HI; HI; listing; median; price; and USA.

Graph and download economic data for Housing Inventory: Average Listing Price Year-Over-Year in Hawaii (AVELISPRIYYHI) from Jul 2017 to Feb 2025 about HI, average, listing, price, and USA.