Two recent studies of homeownership in the U.S. have bad news for anyone who wants to live in Honolulu — it’s really, really expensive.

An analysis by the consumer advocacy site NerdWallet found that Honolulu is the least affordable medium-sized city for home buyers, who have to spend three more months of income to afford a house compared with last year.

CNN reported another study by Jed Kolko, an economist at the real estate site Trulia. Kolko listed Honolulu as one of the top 10 least affordable housing markets for the middle class.

Kolko found that less than 40 percent of for-sale homes in Honolulu are affordable to the middle class, down from 47 percent last year. Read his analysis in full here.

Check out Civil Beat’s Cost of Living series to learn more about why Hawaii is such an expensive place to live.

Photo: Homes for sale in Kapolei in December 2013. (PF Bentley/Civil Beat)

— Anita Hofschneider

How much do you value our journalism?

Civil Beat focuses exclusively on the kind of journalism most at risk of disappearing – in-depth, investigative and enterprise coverage of important local issues. While producing this type of journalism isn’t cheap, you won’t find our content hidden behind a paywall. We also never worry about upsetting advertisers – because we don’t allow any. As a nonprofit newsroom, we rely on donations from readers like you to help keep our stories free and accessible to everyone. If you value our journalism, show us with your support.


About the Author