Hawaii, also known as the "Aloha State," is the forty-third largest state by area, with a population of 1,420,491 (U.S. Census Bureau, July 1, 2019). Hawaii is known for its unique customs and traditions, which originated from Polynesian settlers, who first arrived at the shores of Hawaii about fifteen hundred years ago. Also, Hawaii is considered one of the most ethnic and culturally diverse states in the U. S. After the annexation by the United States in the 1900s, there was an influx of Chinese, Japanese, Philippino, and Portuguese migrant workers looking for work in the growing sugar cane industry. Today, almost a quarter of the residents have multi-ethnic backgrounds of two or more races.
Hawaii's economy has a GDP of $93 billion (Bureau of Economic Analysis, July 1, 2018). Main economic drivers are tourism, defense, agriculture, manufacturing, and service industries. Many of the leading Fortune 500 companies have their headquarters in Hawaii, including The Queen's Medical Center, Hawaiian Airlines, Hawaii Pacific Health, to name a few.
The most recognized cities in Hawaii are Honolulu, Pearl City, and Hilo.
Honolulu is the capital city of Hawaii and has a population of 402,452. Honolulu is home to Diamond Head, Hanauma Bay, and Pearl Harbor National Memorial. Over the last ten years, Honolulu's housing market has appreciated by 42.18%. When compared to the rest of the nation, Honolulu's housing prices are one of the most expensive, with the median home price of $688,200 and a median rent of $1,441.
Pearl City resides on the island of Oahu and has a population of 46,259. Pearl City is home to Pearl Harbor, Ko'olau Range, and Manana Ridge Trail. Over the last ten years, Pearl City's housing market has appreciated by 35.71%. When compared to the rest of the country, Pearl City's housing prices are incredibly high, with the median home price of $626,300 and a median rent of $1,901.
Hilo can found on the Big Island and has a population of 45,703. Hilo is home to Rainbow Falls, Hawaii Tropical Botanical Garden, and Panaewa Rainforest Zoo. Over the last ten years, Hilo's housing market has appreciated by 17.11%. When compared to the rest of the nation, Hilo's housing prices are significantly higher, with the median home price of $305,900 and a median rent of $988.
|Single Family Homes for sale in Hawaii|
|Average List Price||$2,052,032|
|Average Price Per Square Feet||$736|
|Condos for sale in Hawaii|
|Average List Price||$889,730|
|Average Price Per Square Feet||$748|
|Townhomes for sale in Hawaii|
|Average List Price||$626,782|
|Average Price Per Square Feet||$464|