Hilo Mortgage Rates & Closing Costs

30yr Fixed Rate 15yr Fixed Rate FHA USDA VA 5/1 ARM

30 Year Fixed Rate mortgages in Hilo averaged 6.92% for the week of 2024-03-21, compared to the national average of 6.87% for the same period.

The average rate for the prior week (2024-03-14) was 6.59% and one month ago for the week of 2024-02-15, the average rate was 6.82%.

Hilo's average rate one year ago was 6.75%.

For refis of the same type during the week of 2024-03-21, the average rate was 6.8%.

Loan Type Date Rate
US 30 Year Fixed Rate 2024-03-21 6.87%
Hilo 30 Year Fixed Rate 2024-03-21 6.92%
Hilo 30 Year Fixed Rate Refi 2024-03-21 6.8%
Hilo 15 Year Fixed Rate 2024-03-21 6.31%
Hilo 15 Year Fixed Rate Refi 2024-03-21 6.21%
Hilo 30 Year FHA 2024-03-21 6.22%
Hilo 30 Year FHA Refi 2024-03-21 6.6%
Hilo 30 Year USDA 2024-03-21 6.47%
Hilo 30 Year USDA Refi 2024-03-21 6.77%
Hilo 30 Year VA 2024-03-21 6.33%
Hilo 30 Year VA Refi 2024-03-21 6.34%
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within Hilo, HI.

Hilo Top Lenders by Rates & Fees

The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Hilo, HI market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
V.I.P. MORTGAGE, INC. 145 7.00% $12,503
UNITED WHOLESALE MORTGAGE, LLC 119 6.63% $9,862
QUICKEN LOANS, LLC 85 6.74% $9,460
First Hawaiian Bank 70 6.63% $13,388
Bank of Hawaii 50 6.00% $15,892
Nations Lending Corporation 33 6.90% $8,654
PREMIER MORTGAGE RESOURCES, L.L.C. 27 7.19% $10,601
CMG MORTGAGE, INC. 25 7.07% $8,529
GUARANTEED RATE, INC. 22 6.68% $11,182
GUILD MORTGAGE COMPANY 22 6.91% $11,871
Central Pacific Bank 21 6.60% $4,759
American Savings Bank, FSB 21 5.96% $9,807
PLAZA HOME MORTGAGE, INC. 19 6.35% $12,584
LOANDEPOT.COM, LLC 18 6.76% $11,505
DAS Acquisition Company, LLC 15 6.74% $8,112
HOMEBRIDGE FINANCIAL SERVICES, INC. 15 6.75% $12,477
NFM, INC. 14 7.35% $11,668
FREEDOM MORTGAGE CORPORATION 13 7.05% $9,816
AMERICAN PACIFIC MORTGAGE CORPORATION 13 6.82% $11,268
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 12 6.62% $8,430
NEWREZ LLC 10 6.71% $8,413
U.S. Bank 10 6.21% $9,912
CROSSCOUNTRY MORTGAGE, LLC 10 7.42% $10,416
Cornerstone First Mortgage, Inc 9 6.57% $11,476
SECURITYNATIONAL MORTGAGE COMPANY 8 7.08% $12,004
American Mortgage & Equity Consultants, Inc. 8 6.84% $18,481
HAWAIIUSA FEDERAL CREDIT UNION 8 6.69% $15,030
NEXERA HOLDING LLC 8 8.09% $25,322
Wells Fargo Bank 8 6.48% $9,359
NAVY FEDERAL CREDIT UNION 7 6.05% $8,449
Paramount Residential Mortgage Group, Inc. 6 7.21% $11,648
Charles Schwab Bank, SSB 6 5.78% $6,976
Citadel Servicing Corporation 6 9.12% $17,332
SOVEREIGN LENDING GROUP INCORPORATED 6 7.10% $13,665
Mr. Cooper ( Nationstar Mortgage ) 6 6.81% $11,214
ACADEMY MORTGAGE CORPORATION 6 6.88% $14,948
MASON MCDUFFIE MORTGAGE CORPORATION 6 6.58% $17,737
MANN FINANCIAL INC. 6 6.77% $10,557
HomeStreet Bank 6 6.40% $13,123
JPMorgan Chase Bank 6 6.65% $8,425
MOVEMENT MORTGAGE, LLC 5 6.62% $8,341
Bank of America 5 5.90% $7,084
Century Mortgage Company DBA Century Lending Company 5 6.97% $11,245
PENNYMAC LOAN SERVICES, LLC 5 6.67% $8,350
Morgan Stanley Private Bank 4 5.49% $7,539
NBKC BANK 4 7.03% $6,718
LAND HOME FINANCIAL SERVICES, INC. 4 6.40% $7,807
First Republic Bank 4 4.59% $10,487
KeyBank 4 6.38% $8,719
HOMEXPRESS MORTGAGE CORP. 4 8.66% $9,946
ZILLOW HOME LOANS, LLC 3 6.75% $8,517
AMERISAVE MORTGAGE CORPORATION 3 6.17% $15,362
Ameris Bank 3 6.42% $5,084
BAY EQUITY LLC 3 6.42% $6,120
BM Real Estate Services, Inc. 3 8.33% $5,601
BNY Mellon 3 5.21% $7,966
Citibank 3 5.63% $15,016
Flagstar Bank, FSB 3 6.96% $11,824
HAWAII STATE FEDERAL CREDIT UNION 3 6.83% $10,240
Northpointe Bank 3 7.38% $297,554
OCMBC, INC. 3 7.42% $13,891
PENTAGON FEDERAL CREDIT UNION 3 6.08% $9,972
Plains Commerce Bank 3 6.79% $9,052
PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.79% $10,671
Territorial Savings Bank 3 6.17% $12,629
UBS Bank USA 3 5.67% $9,833
PNC Bank 2 6.00% $7,793
BMO Harris Bank 2 5.88% $29,586
ANGEL OAK MORTGAGE SOLUTIONS LLC 2 9.06% $7,686
MUTUAL OF OMAHA MORTGAGE, INC. 2 6.94% $8,102
PRIMELENDING, A PLAINSCAPITAL COMPANY 2 6.81% $4,744
The Federal Savings Bank 2 6.69% $11,507
The Huntington National Bank 2 6.26% $9,181
Barrington Bank & Trust Company, N.A. 2 7.31% $14,270
HighTechLending Inc 2 6.23% $14,502
NexBank 2 6.63% $7,687
KINECTA 2 6.00% $14,696
BETTER MORTGAGE CORPORATION 2 7.19% $3,456
LENDSURE MORTGAGE CORP. 2 8.06% $25,008
RBC Bank, (Georgia) 2 6.00% $5,321
AmeriHome Mortgage Company, LLC 1 5.99% $5,040
Operating Engineers Local Union #3 1 6.25% $4,700
BOKF 1 6.50% $5,203
AMERICAN FINANCING CORPORATION 1 10.00% $7,679
AMERICAN FINANCIAL NETWORK, INC. 1 7.75% $6,116
BAY-VALLEY MORTGAGE GROUP 1 6.63% $6,330
ALLIANT CREDIT UNION 1 7.00% $3,471
Quontic Bank 1 8.50% $13,112
Raymond James Bank 1 6.50% $6,190
S1L, Inc. 1 6.50% $8,326
AXIA FINANCIAL, LLC 1 7.25% $7,795
Stifel Bank and Trust 1 5.50% $9,651
WESCOM CENTRAL CREDIT UNION 1 6.50% $5,875
HSBC BANK USA, NATIONAL ASSOCIATION 1 5.99% $18,998
Goldwater Bank, N.A. 1 6.25% $12,468
First Western Trust Bank 1 7.25% $2,729
First Merchants Bank 1 6.25% $5,105
First Savings Bank 1 6.25% $2,952
First-Citizens Bank & Trust Company 1 4.00% $6,042
MidFirst Bank 1 5.50% $3,511
Discover Bank 1 5.99% $0
Mortgage Research Center, LLC 1 5.75% $18,568
COMPASS HOME LOANS, LLC 1 6.13% $9,338
Commerce Home Mortgage, Inc. 1 7.13% $12,958
Colonial Savings, F.A. 1 6.75% $9,647
City National Bank 1 6.20% $5,616
CIBC Bank USA 1 5.75% $4,721
Carrington Mortgage Services, LLC 1 5.75% $15,682
CANOPY MORTGAGE, LLC 1 7.63% $9,686
CALIBER HOME LOANS, INC. 1 6.50% $4,322
ADVANCIAL 1 7.50% $17,998

Hilo Average Closing Costs & Other Stats

Hilo, HI's 111 lenders originated 2,468 loans during 2023. The total origination value was $1,156,030,000, with an average loan value of $468,408.

Hilo's average closing costs are $7,651.

The top Hilo lender as defined by loan originations is V.I.P. MORTGAGE, INC., with 145 loans originated. Their average total fees are $12,503, which is $2,641 higher than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

The lowest fee Hilo lenders (with over 10 loans originated) are Central Pacific Bank ($4,759), DAS Acquisition Company, LLC ($8,112), NEWREZ LLC ($8,413), FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($8,430) and CMG MORTGAGE, INC. ($8,529).

The lowest rate Hilo lenders (with over 10 loans originated) are American Savings Bank, FSB (5.96%), Bank of Hawaii (6.00%), U.S. Bank (6.21%), PLAZA HOME MORTGAGE, INC. (6.35%) and Central Pacific Bank (6.60%).

Hilo, HI Mortgage Market Share & Volume

Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.

Name 2022 Loan Value 2023 Loan Value % Change 2023 Market Share
Bank of Hawaii $212,760,000 $107,645,000 -49.4% 9.3%
V.I.P. MORTGAGE, INC. $128,905,000 $93,780,000 -27.2% 8.1%
UNITED WHOLESALE MORTGAGE, LLC $103,465,000 $90,690,000 -12.3% 7.8%
First Hawaiian Bank $172,350,000 $73,150,000 -57.6% 6.3%
QUICKEN LOANS, LLC $112,090,000 $48,510,000 -56.7% 4.2%
JPMorgan Chase Bank $58,505,000 $44,365,000 -24.2% 3.8%
American Savings Bank, FSB $73,080,000 $39,105,000 -46.5% 3.4%
GUARANTEED RATE, INC. $54,640,000 $21,765,000 -60.2% 1.9%
Nations Lending Corporation $10,940,000 $21,335,000 95.0% 1.8%
Finance Factors, Limited $3,695,000 $19,480,000 427.2% 1.7%
Central Pacific Bank $57,380,000 $19,190,000 -66.6% 1.7%
PREMIER MORTGAGE RESOURCES, L.L.C. $27,330,000 $17,135,000 -37.3% 1.5%
Morgan Stanley Private Bank $26,395,000 $16,990,000 -35.6% 1.5%
AMERICAN PACIFIC MORTGAGE CORPORATION $22,160,000 $16,210,000 -26.9% 1.4%
FREEDOM MORTGAGE CORPORATION $17,600,000 $15,500,000 -11.9% 1.3%
CMG MORTGAGE, INC. $3,575,000 $15,155,000 323.9% 1.3%
LOANDEPOT.COM, LLC $80,645,000 $14,965,000 -81.4% 1.3%
Mortgage Research Center, LLC $23,025,000 $14,870,000 -35.4% 1.3%
U.S. Bank $12,810,000 $13,960,000 9.0% 1.2%
HAWAIIUSA FEDERAL CREDIT UNION $12,500,000 $13,905,000 11.2% 1.2%
Citadel Servicing Corporation $7,950,000 $12,780,000 60.8% 1.1%
Citibank $25,655,000 $12,365,000 -51.8% 1.1%
Bank of America $43,170,000 $11,720,000 -72.9% 1.0%
GUILD MORTGAGE COMPANY $14,135,000 $11,640,000 -17.7% 1.0%
BMO Harris Bank $12,360,000 $11,610,000 -6.1% 1.0%
PLAZA HOME MORTGAGE, INC. $18,560,000 $11,420,000 -38.5% 1.0%
HOMEBRIDGE FINANCIAL SERVICES, INC. $52,375,000 $11,365,000 -78.3% 1.0%
TEMPLE VIEW CAPITAL FUNDING, LP $10,805,000 $11,090,000 2.6% 1.0%
NAVY FEDERAL CREDIT UNION $15,965,000 $11,075,000 -30.6% 1.0%
PENNYMAC LOAN SERVICES, LLC $23,335,000 $10,580,000 -54.7% 0.9%
Commerce Home Mortgage, Inc. $6,080,000 $10,215,000 68.0% 0.9%
HSBC BANK USA, NATIONAL ASSOCIATION $9,875,000 n/a 0.9%
First Republic Bank $99,210,000 $9,780,000 -90.1% 0.8%
CROSSCOUNTRY MORTGAGE, LLC $10,260,000 $8,895,000 -13.3% 0.8%
Hawaii National Bank $8,760,000 n/a 0.8%
HOMEXPRESS MORTGAGE CORP. $2,265,000 $8,230,000 263.4% 0.7%
FAIRWAY INDEPENDENT MORTGAGE CORPORATION $10,975,000 $8,095,000 -26.2% 0.7%
NFM, INC. $485,000 $7,900,000 1,528.9% 0.7%
DAS Acquisition Company, LLC $10,425,000 $7,865,000 -24.6% 0.7%
Charles Schwab Bank, SSB $19,870,000 $7,635,000 -61.6% 0.7%
NEWREZ LLC $6,940,000 $7,600,000 9.5% 0.7%
NEXERA HOLDING LLC $2,520,000 $6,725,000 166.9% 0.6%
Century Mortgage Company DBA Century Lending Company $355,000 $6,595,000 1,757.7% 0.6%
KeyBank $5,010,000 $6,470,000 29.1% 0.6%
American Mortgage & Equity Consultants, Inc. $6,285,000 n/a 0.5%
VELOCITY COMMERCIAL CAPITAL, LLC $2,985,000 $6,015,000 101.5% 0.5%
FINANCE OF AMERICA REVERSE LLC $16,245,000 $5,955,000 -63.3% 0.5%
HAWAIIAN FINANCIAL $6,780,000 $5,720,000 -15.6% 0.5%
MASON MCDUFFIE MORTGAGE CORPORATION $9,170,000 $5,630,000 -38.6% 0.5%
SECURITYNATIONAL MORTGAGE COMPANY $9,880,000 $5,470,000 -44.6% 0.5%
Wells Fargo Bank $58,370,000 $5,235,000 -91.0% 0.5%
MANN FINANCIAL INC. $14,755,000 $5,220,000 -64.6% 0.5%
ACADEMY MORTGAGE CORPORATION $35,880,000 $5,155,000 -85.6% 0.4%
Flagstar Bank, FSB $8,755,000 $4,785,000 -45.3% 0.4%
BNY Mellon $2,340,000 $4,715,000 101.5% 0.4%
UBS Bank USA $2,115,000 $4,505,000 113.0% 0.4%
HomeStreet Bank $6,525,000 $4,460,000 -31.6% 0.4%
Paramount Residential Mortgage Group, Inc. $4,600,000 $4,450,000 -3.3% 0.4%
BM Real Estate Services, Inc. $645,000 $3,710,000 475.2% 0.3%
OCMBC, INC. $3,670,000 n/a 0.3%
Mr. Cooper ( Nationstar Mortgage ) $11,175,000 $3,660,000 -67.2% 0.3%
AMERICAN FINANCIAL NETWORK, INC. $3,610,000 n/a 0.3%
LAND HOME FINANCIAL SERVICES, INC. $7,560,000 $3,420,000 -54.8% 0.3%
Cornerstone First Mortgage, Inc $3,410,000 n/a 0.3%
SOVEREIGN LENDING GROUP INCORPORATED $1,395,000 $3,375,000 141.9% 0.3%
KINECTA $2,980,000 n/a 0.3%
LENDSURE MORTGAGE CORP. $415,000 $2,945,000 609.6% 0.3%
AMERISAVE MORTGAGE CORPORATION $20,835,000 $2,940,000 -85.9% 0.3%
Northpointe Bank $3,675,000 $2,900,000 -21.1% 0.3%
The Federal Savings Bank $3,215,000 $2,835,000 -11.8% 0.2%
RBC Bank, (Georgia) $7,240,000 $2,795,000 -61.4% 0.2%
PENTAGON FEDERAL CREDIT UNION $1,860,000 $2,780,000 49.5% 0.2%
LIMA ONE CAPITAL, LLC $965,000 $2,775,000 187.6% 0.2%
The Huntington National Bank $2,750,000 n/a 0.2%
HighTechLending Inc $7,475,000 $2,735,000 -63.4% 0.2%
Hometown Equity Mortgage, LLC $1,595,000 $2,710,000 69.9% 0.2%
MUTUAL OF OMAHA MORTGAGE, INC. $5,675,000 $2,500,000 -55.9% 0.2%
HAWAII STATE FEDERAL CREDIT UNION $4,250,000 $2,485,000 -41.5% 0.2%
Stifel Bank and Trust $4,005,000 $2,485,000 -38.0% 0.2%
AMWEST FUNDING CORP. $2,330,000 $2,280,000 -2.1% 0.2%
Plains Commerce Bank $2,255,000 n/a 0.2%
MOVEMENT MORTGAGE, LLC $4,455,000 $2,115,000 -52.5% 0.2%
NBKC BANK $14,835,000 $2,110,000 -85.8% 0.2%
Ameris Bank $2,105,000 $1,920,000 -8.8% 0.2%
ZILLOW HOME LOANS, LLC $335,000 $1,870,000 458.2% 0.2%
Barrington Bank & Trust Company, N.A. $3,245,000 $1,830,000 -43.6% 0.2%
ANGEL OAK MORTGAGE SOLUTIONS LLC $10,735,000 $1,700,000 -84.2% 0.1%
USAA Federal Savings Bank $3,410,000 $1,565,000 -54.1% 0.1%
Discover Bank $1,510,000 $1,490,000 -1.3% 0.1%
PRIMELENDING, A PLAINSCAPITAL COMPANY $1,560,000 $1,375,000 -11.9% 0.1%
Territorial Savings Bank $2,790,000 $1,365,000 -51.1% 0.1%
PRIMARY RESIDENTIAL MORTGAGE, INC. $3,795,000 $1,255,000 -66.9% 0.1%
ALOHA PACIFIC $1,225,000 n/a 0.1%
First-Citizens Bank & Trust Company $1,045,000 $1,205,000 15.3% 0.1%
MID AMERICA MORTGAGE, INC. $11,865,000 $1,200,000 -89.9% 0.1%
PNC Bank $9,820,000 $1,090,000 -88.9% 0.1%
City National Bank $5,130,000 $1,055,000 -79.4% 0.1%
Citizens Alliance Bank $1,025,000 n/a 0.1%
BETTER MORTGAGE CORPORATION $735,000 $1,000,000 36.1% 0.1%
MidFirst Bank $7,005,000 $1,000,000 -85.7% 0.1%
Carrington Mortgage Services, LLC $3,165,000 $995,000 -68.6% 0.1%
LONGBRIDGE FINANCIAL, LLC $975,000 n/a 0.1%
Raymond James Bank $6,505,000 $955,000 -85.3% 0.1%
First Western Trust Bank $1,230,000 $875,000 -28.9% 0.1%
BAY EQUITY LLC $1,810,000 $850,000 -53.0% 0.1%
AmeriHome Mortgage Company, LLC $845,000 n/a 0.1%
HONOLULU $2,335,000 $785,000 -66.4% 0.1%
CALCON MUTUAL MORTGAGE LLC $765,000 n/a 0.1%
OAKTREE FUNDING CORP. $735,000 n/a 0.1%
NEW DAY FINANCIAL, LLC $1,845,000 $730,000 -60.4% 0.1%
CIVIC FINANCIAL SERVICES, LLC $6,225,000 $715,000 -88.5% 0.1%
Merchants Mortgage & Trust Corporation $695,000 n/a 0.1%
FOUNDATION MORTGAGE CORPORATION $685,000 n/a 0.1%
ADVANCIAL $745,000 $680,000 -8.7% 0.1%
NexBank $1,660,000 $640,000 -61.4% 0.1%
SUN WEST MORTGAGE COMPANY, INC. $2,365,000 $610,000 -74.2% 0.1%
AXIA FINANCIAL, LLC $1,375,000 $555,000 -59.6% 0.0%
Operating Engineers Local Union #3 $910,000 $545,000 -40.1% 0.0%
COMPASS HOME LOANS, LLC $1,115,000 $525,000 -52.9% 0.0%
Quontic Bank $1,780,000 $480,000 -73.0% 0.0%
MLD MORTGAGE INC. $870,000 $455,000 -47.7% 0.0%
ALL REVERSE MORTGAGE, INC. $445,000 n/a 0.0%
Greenbox Loans, Inc. $425,000 n/a 0.0%
WESCOM CENTRAL CREDIT UNION $425,000 n/a 0.0%
Magnolia Bank $980,000 $395,000 -59.7% 0.0%
ALLIANT CREDIT UNION $255,000 $390,000 52.9% 0.0%
Goldwater Bank, N.A. $375,000 n/a 0.0%
CALIBER HOME LOANS, INC. $29,290,000 $365,000 -98.8% 0.0%
Colonial Savings, F.A. $590,000 $345,000 -41.5% 0.0%
DOMINION FINANCIAL SERVICES, LLC $375,000 $345,000 -8.0% 0.0%
S1L, Inc. $325,000 n/a 0.0%
EVERETT FINANCIAL, INC. $310,000 n/a 0.0%
CANOPY MORTGAGE, LLC $305,000 n/a 0.0%
CIBC Bank USA $305,000 n/a 0.0%
CLEARPATH LENDING $305,000 n/a 0.0%
Maui County Federal Credit Union $305,000 n/a 0.0%
SUMMIT FUNDING, INC. $805,000 $305,000 -62.1% 0.0%
First Merchants Bank $285,000 n/a 0.0%
LOANPAL, LLC $760,000 $285,000 -62.5% 0.0%
LENDINGONE, LLC $1,140,000 $255,000 -77.6% 0.0%
M&T Bank $255,000 n/a 0.0%
American Airlines Federal Credit Union $440,000 $215,000 -51.1% 0.0%
GTE Federal Credit Union $185,000 n/a 0.0%
BOKF $155,000 n/a 0.0%
First Savings Bank $2,840,000 $155,000 -94.5% 0.0%
Secured Investment Corp. $125,000 $155,000 24.0% 0.0%
NETWORK CAPITAL FUNDING CORPORATION $225,000 $145,000 -35.6% 0.0%
TOWER $145,000 n/a 0.0%
BAY-VALLEY MORTGAGE GROUP $135,000 n/a 0.0%
AMERICAN FINANCING CORPORATION $1,520,000 $105,000 -93.1% 0.0%
GEORGIA'S OWN $105,000 n/a 0.0%
UNIVERSITY CREDIT UNION $125,000 $105,000 -16.0% 0.0%
HICKAM $945,000 $85,000 -91.0% 0.0%

Hilo's top lender by overall market share is Bank of Hawaii, with 9.3% market share. In second place, with 8.1%, is V.I.P. MORTGAGE, INC., having originated $93,780,000 in loans. In third place, with 7.8%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $90,690,000 in loans. In fourth place, with 6.3%, is First Hawaiian Bank, having originated $73,150,000 in loans. In fifth place, with 4.2%, is QUICKEN LOANS, LLC, having originated $48,510,000 in loans.


Hilo Housing Market Trends (Median, Average Prices & Listing Count)

Realtor.com - Hilo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $499,500 (0.1%) $1,027,693 (3.5%) 1.85 1,446
2018-02-01 $499,000 (0.2%) $1,021,937 (4.8%) 1.81 1,477
2018-03-01 $499,000 (1.7%) $1,027,015 (7.6%) 1.75 1,398
2018-04-01 $499,000 (1.4%) $999,257 (1.5%) 1.69 1,357
2018-05-01 $499,000 (5.2%) $1,015,049 (1.9%) 1.67 1,317
2018-06-01 $499,000 (5.8%) $1,017,797 (3.3%) 1.66 1,352
2018-07-01 $499,350 (4.1%) $1,016,596 (3.0%) 1.67 1,361
2018-08-01 $499,000 (2.0%) $1,011,483 (-1.6%) 1.67 1,374
2018-09-01 $479,000 (-1.2%) $986,136 (-3.2%) 1.61 1,366
2018-10-01 $459,375 (-3.6%) $940,464 (-4.3%) 1.56 1,385
2018-11-01 $452,500 (-4.1%) $914,093 (-4.8%) 1.53 1,458
2018-12-01 $469,900 (-3.9%) $971,167 (-0.2%) 1.62 1,502
2019-01-01 $484,000 (-3.1%) $982,233 (-4.4%) 1.67 1,587
2019-02-01 $484,500 (-2.9%) $1,010,645 (-1.1%) 1.64 1,616
2019-03-01 $480,857 (-3.6%) $1,013,424 (-1.3%) 1.57 1,588
2019-04-01 $469,750 (-5.9%) $1,012,014 (1.3%) 1.49 1,573
2019-05-01 $467,375 (-6.3%) $1,018,600 (0.4%) 1.46 1,537
2019-06-01 $449,900 (-9.8%) $1,007,027 (-1.1%) 1.41 1,514
2019-07-01 $449,450 (-10.0%) $993,279 (-2.3%) 1.41 1,481
2019-08-01 $443,545 (-11.1%) $1,017,687 (0.6%) 1.40 1,465
2019-09-01 $435,364 (-9.1%) $1,015,669 (3.0%) 1.39 1,438
2019-10-01 $432,409 (-5.9%) $1,022,247 (8.7%) 1.40 1,418
2019-11-01 $439,250 (-2.9%) $1,043,382 (14.1%) 1.44 1,444
2019-12-01 $429,000 (-8.7%) $1,035,821 (6.7%) 1.43 1,443
2020-01-01 $444,450 (-8.2%) $1,065,904 (8.5%) 1.49 1,397
2020-02-01 $447,000 (-7.7%) $1,086,716 (7.5%) 1.46 1,368
2020-03-01 $430,950 (-10.4%) $1,065,382 (5.1%) 1.35 1,380
2020-04-01 $419,675 (-10.7%) $994,660 (-1.7%) 1.31 1,318
2020-05-01 $449,000 (-3.9%) $1,021,978 (0.3%) 1.36 1,297
2020-06-01 $461,500 (2.6%) $1,044,978 (3.8%) 1.36 1,271
2020-07-01 $458,500 (2.0%) $1,095,762 (10.3%) 1.33 1,171
2020-08-01 $449,900 (1.4%) $1,120,367 (10.1%) 1.29 1,122
2020-09-01 $491,125 (12.8%) $1,215,921 (19.7%) 1.41 1,028
2020-10-01 $499,000 (15.4%) $1,294,728 (26.7%) 1.43 1,002
2020-11-01 $499,000 (13.6%) $1,283,744 (23.0%) 1.46 956
2020-12-01 $499,000 (16.3%) $1,330,888 (28.5%) 1.48 910
2021-01-01 $499,000 (12.3%) $1,325,019 (24.3%) 1.49 832
2021-02-01 $488,750 (9.3%) $1,356,891 (24.9%) 1.42 662
2021-03-01 $490,000 (13.7%) $1,453,456 (36.4%) 1.39 557
2021-04-01 $476,000 (13.4%) $1,344,306 (35.2%) 1.29 525
2021-05-01 $540,000 (20.3%) $1,232,227 (20.6%) 1.43 464
2021-06-01 $563,875 (22.2%) $1,305,742 (25.0%) 1.48 444
2021-07-01 $549,500 (19.9%) $1,297,349 (18.4%) 1.45 411
2021-08-01 $550,000 (22.3%) $1,227,367 (9.6%) 1.47 436
2021-09-01 $577,500 (17.6%) $1,163,722 (-4.3%) 1.54 494
2021-10-01 $549,000 (10.0%) $1,226,055 (-5.3%) 1.46 492
2021-11-01 $525,000 (5.2%) $1,368,781 (6.6%) 1.40 487
2021-12-01 $538,000 (7.8%) $1,335,776 (0.4%) 1.46 468
2022-01-01 $527,000 (5.6%) $1,485,071 (12.1%) 1.42 453
2022-02-01 $517,500 (5.9%) $1,444,549 (6.5%) 1.35 453
2022-03-01 $512,875 (4.7%) $1,418,551 (-2.4%) 1.28 455
2022-04-01 $515,000 (8.2%) $1,370,457 (2.0%) 1.23 444
2022-05-01 $564,500 (4.5%) $1,336,610 (8.5%) 1.29 497
2022-06-01 $627,000 (11.2%) $1,277,921 (-2.1%) 1.40 571
2022-07-01 $649,000 (18.1%) $1,225,441 (-5.5%) 1.46 684
2022-08-01 $640,750 (16.5%) $1,217,395 (-0.8%) 1.48 702
2022-09-01 $625,000 (8.2%) $1,189,718 (2.2%) 1.46 680
2022-10-01 $599,950 (9.3%) $1,177,805 (-3.9%) 1.41 727
2022-11-01 $605,500 (15.3%) $1,160,231 (-15.2%) 1.46 758
2022-12-01 $599,000 (11.3%) $1,162,843 (-13.0%) 1.48 778
2023-01-01 $630,000 (19.5%) $1,329,581 (-10.5%) 1.56 750
2023-02-01 $599,250 (15.8%) $1,305,048 (-9.7%) 1.45 747
2023-03-01 $628,000 (22.5%) $1,388,714 (-2.1%) 1.48 707
2023-04-01 $645,000 (25.2%) $1,409,083 (2.8%) 1.50 661
2023-05-01 $616,972 (9.3%) $1,377,894 (3.1%) 1.40 638
2023-06-01 $610,625 (-2.6%) $1,424,037 (11.4%) 1.37 658
2023-07-01 $598,000 (-7.9%) $1,355,545 (10.6%) 1.36 690
2023-08-01 $583,250 (-9.0%) $1,363,697 (12.0%) 1.34 677
2023-09-01 $595,000 (-4.8%) $1,369,956 (15.2%) 1.39 693
2023-10-01 $620,000 (3.3%) $1,390,206 (18.0%) 1.46 717
2023-11-01 $646,925 (6.8%) $1,400,273 (20.7%) 1.54 780
2023-12-01 $645,000 (7.7%) $1,410,416 (21.3%) 1.57 818
2024-01-01 $645,250 (2.4%) $1,329,859 (0.0%) 1.58 846
2024-02-01 $633,250 (5.7%) $1,297,565 (-0.6%) 1.52 880
Hilo's median listing price for 2024-02-01 was $633,250, a difference of $34,000 (5.7%) versus the prior year and $-12,000 versus the prior month.

Hilo's median listing price comes in at 152% of the national average.

Hilo's average listing price for 2024-02-01 was $1,297,565, a difference of $-7,483 (-0.6%) versus the prior year and $-32,294 versus the prior month.

For the 2024-02-01 period, Hilo had 880 MLS listings, a difference of 34 listings (4%) versus the prior month and 133 listings (18%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Hilo (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 91 days 1,565 sqft
2018-02-01 88 days 1,551 sqft
2018-03-01 88 days 1,543 sqft
2018-04-01 87 days 1,556 sqft
2018-05-01 90 days 1,549 sqft
2018-06-01 91 days 1,568 sqft
2018-07-01 94 days 1,578 sqft
2018-08-01 94 days 1,566 sqft
2018-09-01 92 days 1,564 sqft
2018-10-01 93 days 1,546 sqft
2018-11-01 86 days 1,551 sqft
2018-12-01 85 days 1,568 sqft
2019-01-01 83 days 1,573 sqft
2019-02-01 82 days 1,586 sqft
2019-03-01 84 days 1,587 sqft
2019-04-01 86 days 1,585 sqft
2019-05-01 92 days 1,584 sqft
2019-06-01 94 days 1,564 sqft
2019-07-01 96 days 1,559 sqft
2019-08-01 101 days 1,556 sqft
2019-09-01 101 days 1,545 sqft
2019-10-01 101 days 1,543 sqft
2019-11-01 96 days 1,540 sqft
2019-12-01 96 days 1,520 sqft
2020-01-01 96 days 1,515 sqft
2020-02-01 93 days 1,540 sqft
2020-03-01 88 days 1,505 sqft
2020-04-01 90 days 1,462 sqft
2020-05-01 98 days 1,488 sqft
2020-06-01 105 days 1,501 sqft
2020-07-01 105 days 1,530 sqft
2020-08-01 84 days 1,516 sqft
2020-09-01 78 days 1,507 sqft
2020-10-01 78 days 1,509 sqft
2020-11-01 76 days 1,471 sqft
2020-12-01 75 days 1,469 sqft
2021-01-01 81 days 1,486 sqft
2021-02-01 82 days 1,488 sqft
2021-03-01 61 days 1,515 sqft
2021-04-01 52 days 1,476 sqft
2021-05-01 50 days 1,524 sqft
2021-06-01 48 days 1,525 sqft
2021-07-01 52 days 1,496 sqft
2021-08-01 46 days 1,441 sqft
2021-09-01 43 days 1,500 sqft
2021-10-01 47 days 1,440 sqft
2021-11-01 56 days 1,450 sqft
2021-12-01 56 days 1,439 sqft
2022-01-01 53 days 1,451 sqft
2022-02-01 52 days 1,407 sqft
2022-03-01 45 days 1,390 sqft
2022-04-01 46 days 1,418 sqft
2022-05-01 44 days 1,417 sqft
2022-06-01 47 days 1,427 sqft
2022-07-01 48 days 1,461 sqft
2022-08-01 58 days 1,486 sqft
2022-09-01 68 days 1,459 sqft
2022-10-01 71 days 1,457 sqft
2022-11-01 72 days 1,462 sqft
2022-12-01 76 days 1,430 sqft
2023-01-01 82 days 1,457 sqft
2023-02-01 80 days 1,443 sqft
2023-03-01 83 days 1,452 sqft
2023-04-01 78 days 1,476 sqft
2023-05-01 69 days 1,452 sqft
2023-06-01 70 days 1,495 sqft
2023-07-01 67 days 1,440 sqft
2023-08-01 76 days 1,424 sqft
2023-09-01 78 days 1,439 sqft
2023-10-01 71 days 1,510 sqft
2023-11-01 74 days 1,508 sqft
2023-12-01 75 days 1,520 sqft
2024-01-01 77 days 1,500 sqft
2024-02-01 74 days 1,462 sqft
Hilo's median listing age (time on market) for 2024-02-01 was 74 days. This is -7% shorter than the same period one year ago.

Hilo's median square footage for active listings during the 2024-02-01 period was 1,462 sqft. One year prior, the average listing was 1,443 sqft.

Hilo, HI Market Loan Reason

Loan Purpose Originations Total Value Average Loan
Home Purchase 1,474 $818,740,000 $555,455
Cash Out Refi 288 $143,570,000 $498,507
Other 275 $87,475,000 $318,091
Home Improvement 234 $42,090,000 $179,872
Refi 197 $64,155,000 $325,660

Hilo's most frequently cited loan purpose was Home Purchase, with 1,474 originations. The 2nd most popular reason was Cash Out Refi, with 288 originations.

Interest Rate Frequencies

Loan Rate Originations Total Value Average Loan
6-7% 784 $376,110,000 $479,732
7-8% 575 $241,995,000 $420,861
5-6% 555 $290,315,000 $523,090
Over 8% 297 $117,035,000 $394,057
4-5% 181 $76,775,000 $424,171
3-4% 44 $12,470,000 $283,409
<2.5% 4 $1,020,000 $255,000
2.5-3% 1 $10,005,000 $10,005,000

During 2023, Hilo's most frequently originated rate bucket was 6-7%, with 784 originations.

Loan Sizing (Hilo, HI MSA)

Loan Size Originations Total Value Average Loan
$200k-400k 880 $262,060,000 $297,795
$400k-600k 498 $238,340,000 $478,594
$100k-200k 374 $55,070,000 $147,246
$600k-1000k 327 $244,345,000 $747,232
$100,000 or less 244 $15,490,000 $63,484
$Over $1MM 145 $340,725,000 $2,349,828

Hilo's loan sizing saw the bucket of loans from $200k-400k with 880 originations, totaling $262,060,000 in origination value.

LTV Distribution

Loan to Value Originations Total Value Average Loan
80-100% 700 $352,140,000 $503,057
60-80% 669 $410,485,000 $613,580
40-60% 353 $178,295,000 $505,085
Under 20% 340 $36,060,000 $106,059
20-40% 334 $97,580,000 $292,156
Over 100% 33 $44,275,000 $1,341,667

Hilo's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 700 originations, totaling $352,140,000 in origination value.