Land Market Insights and Pricing in Hawaii

Hawaii, an archipelago of 137 volcanic islands spanning 1,500 miles in the Pacific, offers a unique living experience with its 750-mile coastline and diverse ecosystems. Home to Mauna Kea, taller than Mount Everest when measured from its oceanic base, Hawaii hosts the Papahānaumokuākea Marine National Monument, covering an area larger than all U.S. national parks combined. The state's property tax rate of 0.27% is the lowest in the nation, making it attractive for real estate investment despite its progressive income tax system with rates up to 11%. Hawaii County, comprising 62.7% of the state's land area, presents opportunities for farm ownership amidst protected areas like Hawaii Volcanoes National Park. For hunting enthusiasts, Maui County's diverse terrain across multiple islands, including Maui, Lānaʻi, and Molokaʻi, offers varied experiences near Haleakalā National Park. Those seeking residential properties in Hawaii County can enjoy proximity to natural wonders and a stable local economy, with median worker earnings of $40,773 slightly above the national average. As the only U.S. state commercially growing coffee, Hawaii produces over 24 million pounds of coffee cherries annually from 7,000 harvested acres, contributing nearly $50 million to the economy. Despite challenges, Hawaii's unique agricultural offerings and tourism industry continue to drive economic growth, making it an enticing destination for land buyers and investors.