The state of Hawaii has a population of over 1 million with an average property price of $990,232. Although Hawaii has one of the highest real estate pricing medians in the U.S., it's one of the most sought-after places to live due to its beautiful coastal location and warm climate.
Hawaii has seven populated islands: Hawaii (Big Island), Maui, Oahu, Kauai, Molokai, Lanai, and Niihau, in addition to unpopulated islands owned by the state. Real estate investors will have to pay more upfront costs, but the strong demand for residential and commercial properties across all islands can generate significant returns.
Hawaii's cities have stunning island sceneries with incredible ocean water and volcanos, making it a global tourism destination for property rentals, hospitality, and luxury residential waterfront properties.
Its state capital, Honolulu, is a hotspot for international investors and buyers who commonly purchase and compete for single-family homes and condos due to its high property value. Although the real estate competition is strong in Hawaii, its cities continuously have a booming demand for living and vacationing.
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