Makaweli appreciation rates and housing market information

Makaweli housing market information

With 635 people, 1,271 houses or apartments, and a median cost of homes of $537,600, real estate costs in Makaweli 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 Makaweli, accounting for 91.19% of the town's housing units. Other types of housing that are prevalent in Makaweli include row houses and other attached homes (4.56%), duplexes, homes converted to apartments, or other small apartment buildings (3.30%), and a few large apartment complexes or high rise apartments (0.79%).

The most prevalent building size and type in Makaweli are three and four bedroom single-family detached homes. The town has a mixture of owners and renters, with 43.04% owning, and 47.68% renting.

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. Makaweli's housing was primarily built during this period, from the '40s through the '60s. A full 38.24% of the town's housing hails from this era. Other housing ages represented in Makaweli include homes built between 1970-1994 (33.04%), and housing constructed from 1939 and earlier (17.78%). There's also some housing in Makaweli built between 1995 and later (10.94%).

Makaweli home appreciation rates

In the last 10 years, Makaweli has experienced some of the highest home appreciation rates of any community in the nation. Makaweli real estate appreciated 169.94% over the last ten years, which is an average annual home appreciation rate of 16.99%, putting Makaweli in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Makaweli 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, Makaweli appreciation rates have trailed the rest of the nation. In the last twelve months, Makaweli's appreciation rate has been -3.07%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Makaweli were at -1.22%, which equates to an annual appreciation rate of -4.88%.

Relative to Hawaii, our data show that Makaweli's latest annual appreciation rate is higher than 27% of the other cities and towns in Hawaii.