Rent to own Homes in Hilo, HI
Great home prices! Now is a great time to buy in Hilo. Home prices have fallen and you can find some great bargains! Try looking at homes on the Kohala Coast or near the Hilo International Airport for easy access to and from the island!
Hilo, HI is a great place for affordable rent-to-own homes! With a median household income of over $65,727 and a median rent of $1,098, the Hilo, HI rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Hilo, HI. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Hilo, HI Property Resources
Rent to own Homes in Cities Near Hilo, HI
- Ainaloa
- Black Sands
- Eden Roc
- Fern Acres
- Fern Forest
- Hawaiian Acres
- Hawaiian Beaches
- Hawaiian Paradise Park
- Hilo
- Honomu
- Kalapana
- Kamaili
- Keaau
- Kurtistown
- Leilani Estates
- Mauna Loa Estates
- Mountain View
- Nanawale Estates
- Orchidlands Estates
- Pahoa
- Papaikou
- Paukaa
- Pepeekeo
- Royal Hawaiian Estates
- Seaview
- Tiki Gardens
- Volcano
- Volcano Golf Course
- Wainaku
Neighborhoods in Hilo, HI
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No zip codes foundBuying a Home in Hilo, HI
Hilo, HI is seeing rapid growth and Hilo, HI's' housing market remains not optimal with an average home price that is 57% above the 2024 national average. Hilo, HI is part of Hawaii county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Hawaii is 0.19% which is below the national average, which is 0.99%.
Median Home Price in Hilo, HI
Median Rent in Hilo, HI
Top 9 Reasons to Live in Hilo, HI
Plenty of available housing! The vacancy rate on Hilo is 8.3%, which means there are plenty of available rent to own houses! Look for rent to own homes or apartments in Downtown Hilo where you'll be close to the Imiloa Astronomy Center.
Good mix of sales and rentals! Whether you're planning to purchase, rent to own or just rent for a little while, you'll have a good selection of both! The northeaster coast near Waianuenue and Wailuku River State Park is a good place to look for homes for sale!
Sunshine and Rainbows! The weather in Hawaii couldn't be more perfect. It's pretty much sunny and 70 degrees every day and even when it does rain or mist occasionally, you have rainbows to look forward to!
Mauna Loa Macademia Nut Factory! The Hawaiian Islands are famous for their macademia nuts. Stop by the factory and sample some for yourself. You can also find Hilo Hatties nearby.
Beautiful Parks. As if the island's natural beauty weren't enough, you can find beautiful parks like Liliuokalani Gardens and Wailoa River State Park. The latter is also home to the statue of King Kamehameha.
Kailua Village! The historic village is on the southern part of the island and is also a great place to stay if you're planning a trip to Hawaii Volcanoes National Park.
Hilo Farmers Market! This is one of the best open markets in Hawaii and you can sample some of the local produce, like papaya, pineapple and guava here and take some home for dinner! After visiting here, you can head to the Hilo Coffee Mill on the East side!
Great hotels for when your friends come to visit! When you live in Hawaii, you can expect to have lots of visitors. Who wouldn't want to spend a little time in this paradise?! Castle Hilo Hawaiian Hotel and the Naniloa Volcanoes Resort are wonderful places for your friends to crash when they come visit!