Your question is valuable. Because of non worthy place, the lands are so cheap when compare to other. For example, if you looking for land in main area, it's have high rate. On other hand looking for land in rural area the land will be cheap rate and nobody looking for that. People preferred flexible area. So this is a cause for every area like Hawaii. Well Hawaii is a famous place, of course it has huge tourist place. But People doesn't have interest on buying the Hawaii land. There are some land is really cheap in Hawaii. http://www.mandmbangalore.com/
this area is very close to the world's most active volcano. But the flow changes direction
every so often--ONE B and B has onlly one way to reach it--by helicopter--if it has not
burned down yet.
I am going to be building in that area but I am not doing so, blindly!
The Big Island is where you will generally find the least expensive land in Hawaii and for good reason, volcano's. The closer you are to an active volcano the less financing is available and the higher risk that your property could be affected by an eruption.
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Land Values are directly proportionate to population density, utilities available and Views available.
Many buyers choose to retire to the 'Big Island' of Hawaii as the land prices per square foot are much less expensive than say almost anywhere on the Island of Oahu.
Patrick is correct, and I will add that there are many other factors as well, most importantly amenities and location. The least expensive land in Hawaii is on the Big Island and most likely in Kau, the southern tip district. Lots in Ocean View are primary on catchment water systems. Farther south to Na'alehu and Waiohinu you will find county water available. Also, there are a number of lots that are 'off grid" meaning no power at this time. That's not to say it wont' be available in the future, it just isn't ready now. Living on solar is quite commonplace in these parts and not considered a hardship at all, same goes for catchment water.
Also, one needs to consider that many lots are covered with lava with little to no vegetation and require machined site work before one can build. Heavy equipment operators are quite used to this and lava is easy to manipulate. Actually, in many cases, site work on a lava lot can be less cost prohibitive than some of the very steep more densely planted areas.
The farther you go from a populated town, such as Kona or Hilo, the less expensive lots and properties are going to be. HOVE is over an hour to town in either direction.
Then there are the Lava zones, too. HOVE is in a higher risk area and Na'alehu and Waiohinu are not. That being said, the views in Kau are some of the best on the island. It just depends on your priorities.
Good luck in your search!
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