If you are looking for Cheap Hawaii Land or Cheap Hawaii Houses, check out the East side of the Big Island. Residences in Hilo are significantly less expensive than any other Hawaii metropolitan area. And even smaller price tags can be found on land and homes in the regions of Puna and Kau. For example, in Hawaiian Paradise Park - a subdivision about 10 miles South of Hilo, there are many homes for under $200,000 - many of which were built within the last several years - and all on a full acre of land! Not bad for Hawaii!