Home Values in Pearl City, Hawaii — 2026 Market Report
Updated March 2026 | Seller's Market | +1.7% YoY
The median home value in Pearl City, Hawaii is $815,000 as of March 2026, which is above the national median of $400,000. Home values in Pearl City have increased by 1.7% over the past year and 8.8% over the last five years. With a population of 47,698 and a median household income of $85,250, the price-to-income ratio stands at 9.6x, making Pearl City affordable for the average household.
Pearl City Housing Market Conditions
| Metric | Pearl City | National Avg |
|---|---|---|
| Median Home Value | $815,000 | $400,000 |
| YoY Appreciation | +1.7% | +3.8% |
| 5-Year Appreciation | +8.8% | +22.4% |
| Price per Sq Ft | $724 | $222 |
| Days on Market | 72 days | 45 days |
| Months of Supply | 2.7 | 3.5 |
| List-to-Sale Ratio | 96.5% | 98.5% |
| Monthly Homes Sold | 22 | — |
| Foreclosure Rate | 0.31% | 0.3% |
Home Value Trends in Pearl City
A homeowner who purchased at the median price of $749,081 five years ago in Pearl City would have gained approximately $65,919 in equity, representing a 8.8% return on investment. Over the past year alone, the typical homeowner gained $13,623 in home equity.
Affordability in Pearl City, HI
With a median household income of $85,250 and a median home price of $815,000, the price-to-income ratio in Pearl City is 9.6x. A ratio below 3x is generally considered affordable, while above 5x indicates significant affordability challenges. The average monthly rent of $4,645 compared to estimated monthly ownership costs of $4,062 gives a rent-vs-buy ratio of 0.87. In Pearl City, buying is currently competitive with renting when factoring in equity accumulation.
Property Taxes in Pearl City
The effective property tax rate in Hawaii is 0.28%. On a home valued at $815,000, the estimated annual property tax bill is $2,282, or approximately $190/month. Property taxes are an important factor in the total cost of homeownership and can significantly impact affordability. The cost of living index in Pearl City is 178.5 (100 = national average), indicating living costs are above the national average.
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Open Mortgage CalculatorFrequently Asked Questions
What is the median home value in Pearl City, HI?
The median home value in Pearl City, Hawaii is $815,000 as of March 2026. Home values have changed +1.7% over the past year, with a 5-year appreciation of 8.8%.
Is Pearl City a buyer's or seller's market?
Pearl City is currently a seller's market with 2.7 months of housing supply. Homes spend an average of 72 days on market, and the list-to-sale price ratio is 96.5%. Low inventory gives sellers an advantage.
Are home values going up in Pearl City?
Yes, home values in Pearl City have increased by 1.7% over the past year. The 5-year appreciation rate is 8.8%, meaning a home worth $749,081 five years ago is now worth $815,000.
Is it better to rent or buy in Pearl City?
The average monthly rent in Pearl City is $4,645, while estimated monthly homeownership costs are approximately $4,062. The price-to-rent ratio is 14.6. Based on current conditions, buying may be more cost-effective than renting in this market.
Home Values in Other Hawaii Cities
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Disclaimer: Home value data for Pearl City, Hawaii is based on publicly available market data and estimates. Actual home values may vary based on property condition, location within the city, and current market conditions. Data is updated regularly but may not reflect the most recent transactions. Last updated: March 2026.