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Hawaii places ranked by per capita income RankPlaceCounty1KapaluaMaui County2PuakoHawaii County3KaanapaliMaui County4MaalaeaMaui County55 more rows
Essentially, Hawaii severely limits the supply of land available for housing, which is a main reason the median housing cost per square foot in 2018 was $547 on Oahu, $548 on Maui, $456 on Kauai, and $282 on the Big Island all much higher than the national figure of $114 at the time.
There are currently 5,392 homes for sale in Hawaii. The median list price in Hawaii is $829,000 and the average price per square foot is $648.
You Have to be From Hawaii to Own Land in Hawaii False The truth is anyone can purchase Fee Simple property in Hawaii (as long as they can afford it).
The largest landowner in Hawaii is the state of Hawaii, with 1.6 million acres. On every island, the state owns vast amounts of property.
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Zuckerberg and wife, Priscilla Chan, paid $17 million last month for 110 acres of agricultural land on Kauai, bringing their total Hawaii property holdings to more than 1,400 acres, the Honolulu Star-Advertiser reported.
The housing affordability index for Honolulu is currently sitting at 74.80, which is an 8.09% increase, year-on-year. The large metropolitan in Hawaii has been ranked as the third least-affordable market across the US with Oahus median home prices surpassing $1million in 2022.
Hawaii isnt a large archipelago, and the land is limited. To make things worse, theres high demand for Hawaiian land, making the prices go high. While Hawaii is truly a paradise with mountains and beautiful beaches, many native Hawaiians are priced out of the land due to high housing costs.
But the main point is that Hawaii has more housing regulation than any other state in the nation, and thats limited the supply of housing, which is why we have the highest median home prices in the nation. And until people decide to rise up and change that, housing in Hawaii will probably remain very expensive.
Hawaii is the most expensive place to live in the United States. There are multiple drivers of the high cost of living on the islands. First, space is at a premium. The small islands limit how many new homes can be built each year, which means competition for houses and apartments drives up the costs.

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