With a 400k income, you're right on target for purchasing a home in Hawaii. Financial advisors recommend spending about 3 to 4 times your annual income on a home, which translates to a budget between $1,200,000 and $1,600,000.

In Honolulu, the median home price is approximately $1,200,000, fitting neatly within your target range. This balance ensures a wide variety of quality homes are available to you.

Additionally, other cities like Hilo and Kailua offer appealing options at around $750,000. With a property tax rate of 0.32%—amounting to roughly $3,840 per year—and a cost of living significantly above the national average, your income comfortably supports homeownership across the state.