Panaewa, Hilo, HI
Panaewa — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Panaewa, Hilo, Hawaii. Explore the cited sources and local facts below while agent underwriting continues.
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Panaewa Neighborhood Overview
Panaewa is a residential community located just south of downtown Hilo on the Big Island of Hawaii. This neighborhood offers a more suburban feel while remaining conveniently close to the amenities of Hilo town. Its location provides residents with a lush, green setting typical of the windward side of the island.
Lifestyle & Amenities
Residents enjoy proximity to the Pana'ewa Rainforest Zoo & Gardens, the only natural rainforest zoo in the United States. The area is also near shopping centers, local dining options, and essential services in Hilo. Outdoor enthusiasts appreciate the easy access to hiking, waterfalls, and the scenic Hilo coastline.
Real Estate Market
The Panaewa real estate market features a median home value of $421,800, with a price per square foot around $430.52. Homes typically stay on the market for an average of 80 days, and a solid 65% of residents own their homes. The median monthly rent in the area is reported at $1,229.
Schools & Education
Panaewa is served by the Hawaii Department of Education, with several public schools located in the greater Hilo area. Families have access to elementary, middle, and high school options within a reasonable commute. The neighborhood's median household income of $75,265 suggests a community that supports educational opportunities.
Transportation & Connectivity
The neighborhood is well-connected via Highway 11, the main route linking Hilo to other parts of the Big Island. Residents rely primarily on private vehicles for daily commuting and errands. Public bus service is available through the Hele-On Bus system, connecting Panaewa to downtown Hilo and beyond.
Why Choose Panaewa
Panaewa is an ideal choice for those seeking a balance between affordable suburban living and convenient access to Hilo's urban center. The strong homeownership rate and stable income levels indicate a settled, community-oriented atmosphere. Its unique location near a rainforest zoo and natural attractions offers a distinctly Hawaiian living experience.
Panaewa Market Data
| Metric | Value |
|---|---|
| Median Home Price | $422K |
| Median Gross Rent | $1K/mo |
| Median Household Income | $75K |
| Homeownership Rate | 65.5% |
| Renter-Occupied | 34.5% |
| Rental Vacancy Rate | 4.5% |
| Market Type | Balanced |
| Market Tier | Upper-Mid |
| Primary ZIP Code | 96720 |
Top Real Estate Agents in Panaewa, Hilo
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Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Panaewa, Hilo, HI. Explore the available cited neighborhood data on this page.
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Data Provenance
- State Licensing: Hawaii Real Estate Commission (HIREC) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15