Lihue appreciation rates and housing market information

Lihue housing market information

With a population of 5,838, 2,429 total housing units (homes and apartments), and a median house value of $735,400, real estate costs in Lihue are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Hawaii communities.

single-family detached homes are the single most common housing type in Lihue, accounting for 62.54% of the town's housing units. Other types of housing that are prevalent in Lihue include large apartment complexes or high rise apartments (28.41%), duplexes, homes converted to apartments, or other small apartment buildings (5.56%), and a few row houses and other attached homes (3.50%).

The most prevalent building size and type in Lihue are three and four bedroom single-family detached homes. The town has a mixture of owners and renters, with 54.22% owning, and 36.72% renting.

There is a lot of housing in Lihue built from 1970-1994, so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Lihue built from 1940-1969 (23.51%). A lesser amount of the housing stock also hails from 1939 and earlier (7.12%), and some were built from 1995 and later (7.12%).

Lihue home appreciation rates

In the last 10 years, Lihue has experienced some of the highest home appreciation rates of any community in the nation. Lihue real estate appreciated 188.76% over the last ten years, which is an average annual home appreciation rate of 18.87%, putting Lihue in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Lihue 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, Lihue appreciation rates have trailed the rest of the nation. In the last twelve months, Lihue's appreciation rate has been -1.19%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lihue were at -0.75%, which equates to an annual appreciation rate of -3.00%.

Relative to Hawaii, our data show that Lihue's latest annual appreciation rate is higher than 45% of the other cities and towns in Hawaii.