Much like other places in this area, it's substantially more expensive compared to the nation as a whole. Compared to the city of Hilo, it's significantly more expensive.
Home prices
The median home value in Waimea is $449,200. Compared to its surrounding areas it is roughly $14,100 (3%) lower.It is approximately $231,700 (106%) higher compared to the rest of the nation, and in comparison to the city of Hilo it is about $120,000 (36%) higher.
Rents
The median monthly rent in Waimea is $1,569. It is roughly $215 (15%) higher in comparison to its surrounding areas.In comparison to the rest of the nation it is about $507 (47%) higher, and compared to the city of Hilo is approximately $524 (50%) higher.
Nearby places
Honokaa
Honokaa is about 11 miles northeast from Waimea. The real estate prices there are a bit less expensive. The median home value in Honokaa is $350,900, which works out to $98,300 (28%) lower than Waimea. The rent there is substantially less expensive. The median rent in Honokaa is $1,039 per month, which is $530 (51%) lower than Waimea.
Waikoloa Village
Waikoloa Village is approximately 12 miles southwest from Waimea. Its real estate prices are pretty similar. The median home in Waikoloa Village costs $433,400, which is $15,800 (3%) lower than Waimea. Its rents are similar. In Waikoloa Village the median monthly rent is $1,500, which works out to $69 (4%) lower than Waimea.
Puako
Puako is approximately 14 miles southwest from Waimea. Housing prices there are substantially more expensive. Puako's median home value is $879,200, which works out to $430,000 (48%) higher than Waimea. The rent there is somewhat more expensive. The median rent in Puako is $1,934 per month, which is $365 (18%) higher than Waimea.
Paauilo
Paauilo is roughly 16 miles east from Waimea. Housing prices there are substantially less expensive. The median home value in Paauilo is $274,100, which comes out to $175,100 (63%) lower than Waimea. The rent there is significantly less expensive. The median monthly rent in Paauilo is $1,125, which comes out to $444 (39%) lower than Waimea.
Halaula
Halaula is roughly 19 miles northwest of Waimea. The real estate prices there are somewhat less expensive. The median home in Halaula is valued at $378,900, which works out to $70,300 (18%) lower than Waimea. Rent there is substantially less expensive. In Halaula the median monthly rent is $1,170, which comes out to $399 (34%) lower than Waimea.
