Mililani Town appreciation rates and housing market information

Mililani Town housing market information

With a population of 28,565, 9,276 total housing units (homes and apartments), and a median house value of $685,600, real estate costs in Mililani Town 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 Mililani Town, accounting for 64.51% of the town's housing units. Other types of housing that are prevalent in Mililani Town include large apartment complexes or high rise apartments (14.19%), row houses and other attached homes (11.10%), and a few duplexes, homes converted to apartments, or other small apartment buildings (10.20%).

Owner-occupied, three and four bedroom single-family detached homes are the most prevalent type of housing you will see in Mililani Town. Owner-occupied housing accounts for 73.78% of Mililani Town's homes, and 63.12% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mililani Town 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 Mililani Town built from 1940-1969 (10.17%). A lesser amount of the housing stock also hails from 1995 and later (1.05%), and some were built from 1939 and earlier (1.05%).

Mililani Town home appreciation rates

Appreciation rates for homes in Mililani Town have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 120.86%, which ranks in the top 20% nationwide. This equates to an annual average Mililani Town house appreciation rate of 12.08%.

Over the last year, Mililani Town appreciation rates have trailed the rest of the nation. In the last twelve months, Mililani Town's appreciation rate has been -0.77%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mililani Town were at -1.35%, which equates to an annual appreciation rate of -5.40%.

Relative to Hawaii, our data show that Mililani Town's latest annual appreciation rate is higher than 48% 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 Mililani Town differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mililani Town - 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 Mililani Town real estate investment or home purchase decisions.