Hilo serves as an access point to Hawaii Volcanoes National Park. It's located on the eastern side of Hawaii's Big Island and exudes a stunning combination of natural beauty, cultural richness, and economic opportunities. Major employers include the University of Hawaii at Hilo, a leading educational institution that creates consistent demand for rental housing, and Hilo Benioff Medical Center, the region's largest healthcare provider. As one might expect, tourism and hospitality play a significant role in the economy, as visitors are drawn to Hilo's stunning attractions and authentic Hawaiian charm. The area also benefits from its strong agricultural heritage and leading scientific facilities like the Mauna Kea Observatories.
There are a variety of neighborhoods that are known for their appeal and vibrancy, which draws families and professionals. Downtown Hilo is known for its historic charm, with boutique shops, restaurants, and cultural events. Kaumana offers a quieter, family-friendly environment with lush surroundings and larger properties, while Waiakea appeals to families and professionals with its good schools and close proximity to amenities. Hilo Bayfront provides stunning ocean views and easy access to the town's major attractions and provides vacation rental properties. All and all, Hilo represents a rewarding investment opportunity.