Mortgage Affordability Calculator for Hawaii (HI) — Free Calculator

Buying a Home in Hawaii: What You Can Afford

The median home value in Hawaii is $830,000. Hawaii remains the most expensive state for housing, second only to California in median price. Maui and Honolulu markets are driven by limited supply and strong demand from mainland buyers and retirees.

Conforming Loan Limits in Hawaii

The conforming loan limit in Hawaii is $1,089,300. Hawaii qualifies for the maximum high-cost conforming limit of $1,089,300 statewide — the same as Alaska. Loans above this threshold are considered jumbo loans and typically carry stricter qualification requirements and slightly higher rates.

Property Taxes to Budget For

Beyond your mortgage payment, budget for Hawaii's property taxes: the effective rate is 0.28%, meaning a home at the median value generates about $2,741/year in taxes. This is a real cost that lenders include in your debt-to-income (DTI) calculation.

Closing Costs in Hawaii

Buyers typically pay around $7,400 in closing costs in Hawaii. Hawaii charges a conveyance tax ranging from 0.1% to 1.25% of sale price based on value thresholds. Properties over $10M face the highest rates. Title insurance and escrow fees are also elevated. Factor this into your upfront cash requirement alongside your down payment.

Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.

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Frequently Asked Questions

What is the median home price in Hawaii?

The median home value in Hawaii is $830,000. Hawaii remains the most expensive state for housing, second only to California in median price. Maui and Honolulu markets are driven by limited supply and strong demand from mainland buyers and retirees.

What is the conforming loan limit in Hawaii?

The conforming loan limit in most of Hawaii is $1,089,300. Hawaii qualifies for the maximum high-cost conforming limit of $1,089,300 statewide — the same as Alaska.

How much are property taxes in Hawaii?

Hawaii's effective property tax rate is 0.28%, with an average annual bill of $2,741. Lenders include property taxes in your monthly PITI payment and DTI calculation.

How much do I need for a down payment in Hawaii?

For a home at Hawaii's median value of $830,000, a 20% conventional down payment is $166,000, and a 3.5% FHA down payment is $29,100. Budget an additional $7,400 for closing costs.