Kailua appreciation rates and housing market information

Kailua housing market information

With a population of 36,585, 12,770 total housing units (homes and apartments), and a median house value of $932,100, Kailua house prices are not only among the most expensive in Hawaii, Kailua 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 Kailua, accounting for 72.26% of the town's housing units. Other types of housing that are prevalent in Kailua include large apartment complexes or high rise apartments (15.14%), row houses and other attached homes (7.43%), and a few duplexes, homes converted to apartments, or other small apartment buildings (5.04%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Kailua. Owner-occupied housing accounts for 66.77% of Kailua's homes, and 64.04% 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. Kailua's housing was primarily built during this period, from the '40s through the '60s. A full 59.69% of the town's housing hails from this era. Other housing ages represented in Kailua include homes built between 1970-1994 (34.64%), and housing constructed from 1939 and earlier (3.25%). There's also some housing in Kailua built between 1995 and later (2.42%).

Kailua home appreciation rates

In the last 10 years, Kailua has experienced some of the highest home appreciation rates of any community in the nation. Kailua real estate appreciated 139.61% over the last ten years, which is an average annual home appreciation rate of 13.96%, putting Kailua in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kailua 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, Kailua appreciation rates have trailed the rest of the nation. In the last twelve months, Kailua's appreciation rate has been 1.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kailua were at -0.88%, which equates to an annual appreciation rate of -3.52%.

Relative to Hawaii, our data show that Kailua's latest annual appreciation rate is higher than 77% of the other cities and towns in Hawaii.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Kailua differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kailua - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Kailua real estate investment or home purchase decisions.