Appreciation Velocity — Hawaii Cities
Cities of Hawaii ranked by 1Y / 3Y / 5Y home-price appreciation.
Public Record
Top 10 — 10Y appreciation (Citys)
#1 · Waikoloa, HI
+338.8%
#2 · Papaikou, HI
+258.4%
#3 · Hilo, HI
+185.5%
#4 · Kahuku, HI
+164.0%
#5 · Volcano, HI
+160.7%
#6 · Waialua, HI
+154.3%
#7 · Waipahu, HI
+144.6%
#8 · Maunaloa, HI
+144.4%
#9 · Kailua Kona, HI
+138.3%
#10 · Makawao, HI
+103.2%
City ranking — 10Y appreciation (highest first)
| # | City | State | 1Y | 3Y | 5Y | 10Y | Current median |
|---|---|---|---|---|---|---|---|
| 1 | Waikoloa, HI | HI | +101.4% | +99.8% | +88.3% | +338.8% | $1.66M |
| 2 | Papaikou, HI | HI | -47.1% | — | +16.3% | +258.4% | $785K |
| 3 | Hilo, HI | HI | +12.8% | +21.0% | +59.3% | +185.5% | $662.5K |
| 4 | Kahuku, HI | HI | +41.3% | +128.9% | — | +164.0% | $2.33M |
| 5 | Volcano, HI | HI | -30.8% | +144.8% | +41.2% | +160.7% | $257K |
| 6 | Waialua, HI | HI | +209.1% | +197.3% | +263.0% | +154.3% | $2.3M |
| 7 | Waipahu, HI | HI | +0.9% | +25.8% | +61.2% | +144.6% | $906.6K |
| 8 | Maunaloa, HI | HI | +120.7% | +17.9% | -28.3% | +144.4% | $330K |
| 9 | Kailua Kona, HI | HI | -30.6% | +3.6% | +30.1% | +138.3% | $1.1M |
| 10 | Makawao, HI | HI | -20.3% | -32.0% | -3.2% | +103.2% | $1.02M |
| 11 | Kapolei, HI | HI | +8.4% | +32.0% | +32.7% | +90.2% | $1.01M |
| 12 | Pearl City, HI | HI | +54.5% | +8.9% | +44.2% | +83.6% | $857.5K |
| 13 | Ewa Beach, HI | HI | +1.5% | +21.2% | +23.8% | +66.5% | $917.5K |
| 14 | Waianae, HI | HI | -1.2% | +15.4% | +32.8% | +49.1% | $571.7K |
| 15 | Kailua, HI | HI | +19.0% | +48.0% | +106.5% | +29.5% | $2.28M |
| 16 | Honolulu, HI | HI | +3.7% | +29.5% | +17.6% | +25.8% | $1.11M |
| 17 | Wailuku, HI | HI | -25.9% | -45.3% | +6.1% | +25.7% | $613.8K |
| 18 | Lahaina, HI | HI | -63.9% | -39.3% | +29.1% | +24.2% | $894.5K |
| 19 | Kihei, HI | HI | -40.6% | -43.8% | -24.8% | +20.6% | $1.16M |
| 20 | Kaneohe, HI | HI | -22.0% | -15.5% | -21.4% | +16.5% | $717.5K |
| 21 | Mililani, HI | HI | -28.5% | -36.2% | +6.2% | +9.9% | $535K |
| 22 | Pahoa, HI | HI | -34.3% | -18.2% | +41.9% | +3.2% | $205.5K |
| 23 | Haleiwa, HI | HI | -32.5% | — | -5.2% | +1.6% | $1.63M |
| 24 | Haiku, HI | HI | -23.4% | +103.3% | +58.8% | 0.0% | $1.44M |
| 25 | Aiea, HI | HI | -47.2% | -49.1% | -25.2% | -10.9% | $366.9K |
| 26 | Hauula, HI | HI | -20.7% | -27.4% | -1.8% | -27.9% | $676.3K |
| 27 | Wahiawa, HI | HI | -44.3% | -64.4% | -36.6% | -28.1% | $300K |
| 28 | Koloa, HI | HI | -50.6% | -56.1% | -72.6% | -28.7% | $615K |
| 29 | Kapaau, HI | HI | -77.4% | -37.6% | -59.0% | -35.1% | $365K |
| 30 | Princeville, HI | HI | -12.4% | +25.9% | +3.3% | -36.3% | $1.71M |
| 31 | Kaunakakai, HI | HI | -36.2% | -47.0% | -35.6% | -58.1% | $207.5K |
| 32 | Kahului, HI | HI | -64.1% | -76.6% | -76.1% | -63.2% | $145K |
| 33 | Kamuela, HI | HI | -63.7% | -69.0% | -61.6% | -73.6% | $886.6K |
How to read these numbers
Velocity vs. level
A market with 25% one-year appreciation is moving fast — but a market with steady 6% over ten years has compounded much further. Use 10Y as the long-run signal, 1Y as the momentum signal.
Mean-reversion risk
Markets that posted huge 1Y and 3Y gains often cool over the next cycle. Compare 1Y to 5Y: if 1Y is far above 5Y, the trend is accelerating; if far below, it is decelerating — often the more important signal.
Sample sanity
We require a minimum current median price (default $50K) to filter out tiny ZIPs with noisy data. Raise that threshold for serious investment markets; lower it to find emerging niches. Source: public record.