Aiea appreciation rates and housing market information

Aiea housing market information

With a population of 9,019, 2,831 total housing units (homes and apartments), and a median house value of $894,000, Aiea house prices are not only among the most expensive in Hawaii, Aiea real estate also is some of the most expensive in all of America.

single-family detached homes are the single most common housing type in Aiea, accounting for 85.98% of the town's housing units. Other types of housing that are prevalent in Aiea include row houses and other attached homes (6.92%), large apartment complexes or high rise apartments (3.60%), and a few duplexes, homes converted to apartments, or other small apartment buildings (3.04%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Aiea. Owner-occupied housing accounts for 71.25% of Aiea's homes, and 65.74% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Aiea's housing was primarily built during this period, from the '40s through the '60s. A full 66.80% of the town's housing hails from this era. Other housing ages represented in Aiea include homes built between 1970-1994 (24.20%), and housing constructed from 1939 and earlier (6.95%). There's also some housing in Aiea built between 1995 and later (2.05%).

Aiea home appreciation rates

In the last 10 years, Aiea has experienced some of the highest home appreciation rates of any community in the nation. Aiea real estate appreciated 134.58% over the last ten years, which is an average annual home appreciation rate of 13.45%, putting Aiea in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Aiea definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Over the last year, Aiea appreciation rates have trailed the rest of the nation. In the last twelve months, Aiea's appreciation rate has been 0.59%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Aiea were at -1.00%, which equates to an annual appreciation rate of -4.00%.

Relative to Hawaii, our data show that Aiea's latest annual appreciation rate is higher than 67% of the other cities and towns in Hawaii.