High impedance fault(HIF) is defined as a fault that the general overcurrent relay can not detect or interrupt. Especially when HIF occurs in residential areas, energized high voltage conductor results in fire hazard, equipment damage or personal threat. This paper proposes a fault location estimation algorithm for high impedance fault using wavelet transform. The algorithm is based on the wavelet analysis of the fault voltage and current signals. The performance of the proposed algorithm is tested on a typical 154kV korean transmission line system under various fault conditions. From the tests presented in this paper it can be concluded that a fault location estimation algorithm using wavelet transform can precisely calculate the fault point for HIF.