Hilo, HI Real Estate
According to census data in the year 2000 there were 16,028 housing units in Hilo.
This represents a 13.4% growth from 14,134 in 1990.
Of those housing units, 14,374 were located in either urbanized areas or urban clusters, and 1,654 were located in what is classified as a rural area.
Homeownership rate in Hilo is about 60.8%.
Hilo's vacancy rate, including seasonal lodging, is about 9%.
Average household size is 2.71 people.
The majority of houses, apartments or condos in Hilo were built after 1973.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 8.20% |
| One Bedroom | 12.60% |
| Two Bedrooms | 21.20% |
| Three Bedrooms | 43% |
| Four Bedrooms | 12.10% |
| Five Bedrooms or more | 3% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.76 |
| Median year structure was built | 1974 |
| Median Value of occupied units | $153,800 |
| Median Price asked for vacant units | $141,300 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.63 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $406 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.20% |
| Second Mortgage | 8.50% |
| Home Equity Loan | 13.40% |
| Simple Mortgage | 41.90% |
| Debt Free | 35.90% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17.1% |
