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Home appreciation in Urban Honolulu, HI

Over the five years ending 2025, home prices in Urban Honolulu, HI grew an average of 6.2% a year.

Price growth at a glance

1-year

+0.4%

2025 over 2024. Hawaii: +2.1%.

5-year, per year

+6.2%

Average annual growth, 2020 to 2025. Hawaii: +7.5%.

10-year, per year

+4.7%

+58.0% in total since 2015. Hawaii: +5.6%.

How does your home compare?

Urban Honolulu, HI home prices rose 58.0% over the ten years to 2025, while its ZIP codes ranged from +39.9% to +76.5%. Look up your home to see where it ranks among the homes around it.

Your first analysis is free.

A model-generated estimate and analytical context, not investment advice. Investing? Score any property free

How Urban Honolulu, HI compares with Hawaii

Hawaii averaged +7.5% a year, putting Urban Honolulu, HI behind the state overall. For five-year price growth, Urban Honolulu, HI ranks 381st out of 409 metros nationwide and 2nd out of 2 in Hawaii.

Index, 2005 = 100

Urban Honolulu, HI and Hawaii, quarterly house price index rebased to 100 in 2005.
YearUrban Honolulu, HIHawaii
2005 Q1100100
2005 Q2106106
2005 Q3113113
2005 Q4119119
2006 Q1123123
2006 Q2125124
2006 Q3128127
2006 Q4126126
2007 Q1129128
2007 Q2129128
2007 Q3130127
2007 Q4131127
2008 Q1130126
2008 Q2127123
2008 Q3125119
2008 Q4123117
2009 Q1123117
2009 Q2119112
2009 Q3117108
2009 Q4116107
2010 Q1117107
2010 Q2117106
2010 Q3118107
2010 Q4118107
2011 Q1117104
2011 Q2119105
2011 Q3119105
2011 Q4119105
2012 Q1119106
2012 Q2119105
2012 Q3121107
2012 Q4122108
2013 Q1124108
2013 Q2126111
2013 Q3128113
2013 Q4131116
2014 Q1132117
2014 Q2134118
2014 Q3136121
2014 Q4139122
2015 Q1140125
2015 Q2141126
2015 Q3145128
2015 Q4146129
2016 Q1151133
2016 Q2151133
2016 Q3155136
2016 Q4155137
2017 Q1155137
2017 Q2157139
2017 Q3158141
2017 Q4160142
2018 Q1161144
2018 Q2164145
2018 Q3163146
2018 Q4162147
2019 Q1166148
2019 Q2165149
2019 Q3166150
2019 Q4167152
2020 Q1167152
2020 Q2168154
2020 Q3166152
2020 Q4168154
2021 Q1170157
2021 Q2177165
2021 Q3182171
2021 Q4192180
2022 Q1199189
2022 Q2209199
2022 Q3226211
2022 Q4211207
2023 Q1206202
2023 Q2217211
2023 Q3213206
2023 Q4217201
2024 Q1228214
2024 Q2222214
2024 Q3223220
2024 Q4226213
2025 Q1225220
2025 Q2221214
2025 Q3230222
2025 Q4227222
2026 Q1235224
2026 Q2245233

Chart through 2026 Q2. Annual growth figures through 2025.

Growth was stronger over the last five years than over the full decade: +4.7% a year over ten years, +58.0% in total.

Over this history, home prices peaked in 2007, fell 9.4% to its 2010 low, and regained the 2007 level in 2014.

The strongest year was 2022 at +17.1%, and the weakest was 2009 at -6.0%.

In 2025 alone the index moved +0.4%, against +2.1% for the state.

ZIP codes in Urban Honolulu, HI

Over the ten years to 2025, the 15 ZIP codes FHFA measures in this metro ranged from +39.9% in 96816 to +76.5% in 96792, while the metro as a whole rose 58.0%.

Fastest-rising ZIP codes

10-year change

  1. 96792+76.5%
  2. 96706+73.3%
  3. 96797+73.3%
  4. 96786+72.2%
  5. 96707+66.8%

Slowest-rising ZIP codes

10-year change

  1. 96816+39.9%
  2. 96817+50.5%
  3. 96818+52.8%
  4. 96701+54.2%
  5. 96717+55.3%
ZIP codes in Urban Honolulu, HI ranked by 10-year home-price change through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
96792-1.5%+5.9%+5.8%+76.5%
96706+5.7%+6.1%+5.7%+73.3%
96797+5.3%+7.3%+5.7%+73.3%
96786+3.6%+6.0%+5.6%+72.2%
96707+2.8%+6.1%+5.3%+66.8%
96734+6.1%+8.3%+5.1%+65.0%
96744+5.6%+6.8%+4.9%+61.4%
96819+2.1%+6.2%+4.8%+59.2%
96825+4.2%+7.6%+4.6%+56.3%
96782-2.5%+5.5%+4.5%+55.5%
96717+1.4%+5.6%+4.5%+55.3%
96701+0.5%+5.7%+4.4%+54.2%
96818-8.8%+5.4%+4.3%+52.8%
96817+5.9%+6.3%+4.2%+50.5%
96816-3.5%+4.8%+3.4%+39.9%

What a home report shows

Enter an address and you get a score out of 10 for how the home ranks on appreciation potential against comparable homes in its market, with the nearby sales behind it. Here is one saved report.

Example report · saved October 14, 2026

165 N Canal St, Apt 1205, Chicago, IL 60606

Appreciation score

4.1 / 10

Around the median

Where it ranks

Ranks above about 41% of comparable homes in Chicago, IL for appreciation potential.

Price against nearby sales

Priced below most nearby sales, at $300 per square foot across 6 comparable sales.

Read the full example report

Year by year

Annual house price index for Urban Honolulu, HI and Hawaii, 2005 = 100 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
2005100.0—100.0
2006114.6+14.6%114.5
2007118.5+3.4%116.8
2008115.4-2.7%111.1
2009108.5-6.0%101.4
2010107.4-0.9%97.4
2011108.3+0.8%95.9
2012110.0+1.6%97.2
2013116.3+5.7%102.4
2014123.6+6.2%109.2
2015130.5+5.6%116.1
2016140.0+7.3%123.2
2017144.1+2.9%128.0
2018148.7+3.2%132.8
2019151.6+2.0%137.0
2020152.8+0.8%139.9
2021164.7+7.8%153.9
2022192.9+17.1%184.2
2023194.7+0.9%187.3
2024205.4+5.5%196.8
2025206.2+0.4%200.9

The 2 measured metros in Hawaii

Measured metros in Hawaii ranked by 5-year home-price appreciation through 2025 Column headers are buttons: click to sort, click again to reverse, and a third time to restore the original order.
#
1Kahului-Wailuku, HI+4.6%+9.7%+7.3%
2Urban Honolulu, HI+0.4%+6.2%+4.7%

Source & method: Metro figures: FHFA quarterly all-transactions index for metropolitan statistical areas and metropolitan divisions, annualized as the mean of the four quarterly (NSA) values. State figures: FHFA quarterly all-transactions index, annualized as the mean of the four quarterly (NSA) values. The chart uses quarterly readings, with each series set to 100 in the first quarter of 2005. ZIP figures: FHFA annual five-digit ZIP index (developmental), ZIPs with sufficient transaction history. Missing years are reported as missing by FHFA and are not estimated. Each ZIP is placed in the metro that holds the county with most of its housing units. “5-yr /yr” and “10-yr /yr” are compound annual growth over the window ending 2025; all figures are nominal. Data published by the FHFA House Price Index; this edition compiled 2026-10-17. Educational data, not investment advice.

See the Hawaii row in the state rankings, the county rankings, and, for why one metro number hides so much, why two homes in the same ZIP code appreciate differently.

How does your home compare?

See how your home ranks against nearby homes. Your first analysis is free.

Look up your home

Investing? Score any property free

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Measured FHFA data · chart through 2026 Q2