Does the Hawaii index include rental prices?

No. The series tracks residential property value changes, not rents or rental yields.

Are cash-purchased homes fully reflected?

Not necessarily, as the methodology relies primarily on mortgage record sets within the observation scope.

Why should findings not be generalized across individual islands?

Supply structures, buyer profiles, and transaction densities vary significantly, whereas this series aggregates the entire state.

US FHFA House Price Index: Hawaii

Name: US FHFA House Price Index: Hawaii
Creator: FRED (Federal Reserve Bank of St. Louis)
License: https://creativecommons.org/licenses/by/4.0/

US FHFA House Price Index: Hawaii stood at 982.57 in Q2 2026, according to FRED (Federal Reserve Bank of St. Louis). It is one of the indicators in the FHFA house price index by region table (Value · Quarterly), with a complete series running from Q1 1975 to Q2 2026. The complete series with an interactive chart, free to download.

Source: FRED (Federal Reserve Bank of St. Louis)Last updated: Sep 21, 2026, 07:22 UTCCurated by Bui Thanh Phuc

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This indicator in the FHFA house price index by region table

Indicator	Q2-2026	Q1-2026	Q4-2025	Q3-2025	Q2-2025	Q1-2025	Q4-2024	Q3-2024	Q2-2024	Q1-2024
National	719.87	712.2	707.22	704.26	700.24	689.94	684.87	681.12	674.27	658.64
Pacific	993.71	991.39	985.72	983.57	983.95	974.82	970.09	969.46	961.22	944.59
Hawaii	982.57	944.79	937.51	938.23	916.44	938.21	902.71	930.27	900.04	908.41

Understanding US FHFA House Price Index: Hawaii

In Hawaii, indices record single-family house price variations based on identical asset observation pairs across different times. It measures relative price changes, not absolute values, transaction volumes, or ownership costs. Transactions bypassing used mortgage record scopes, commercial houses, and specialized assets may lack full representation. Compared to Pacific regional measures, Hawaii's series isolates island markets with limited land supply and notable out-of-state buyer shares.

When interpreting, prioritize year-on-year comparisons to avoid mistaking seasonal volatility for sustainable price trends. Consecutive-quarter comparisons retain value for detecting reversal momentum, though low-transaction markets produce hard-to-sustain jumps. Latest observations are subject to adjustments as data completes; re-estimations can revise prior periods. Do not treat index gains as proof that all islands or home types rose equally, nor replace rental or vacation home statistics with them.

Frequently asked questions

Does the Hawaii index include rental prices?: No. The series tracks residential property value changes, not rents or rental yields.
Are cash-purchased homes fully reflected?: Not necessarily, as the methodology relies primarily on mortgage record sets within the observation scope.
Why should findings not be generalized across individual islands?: Supply structures, buyer profiles, and transaction densities vary significantly, whereas this series aggregates the entire state.