Waipahu appreciation rates and housing market information

Waipahu housing market information

With 33,109 people, 8,030 houses or apartments, and a median cost of homes of $684,000, real estate costs in Waipahu 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 Waipahu, accounting for 52.35% of the town's housing units. Other types of housing that are prevalent in Waipahu include large apartment complexes or high rise apartments (29.89%), row houses and other attached homes (9.02%), and a few duplexes, homes converted to apartments, or other small apartment buildings (8.66%).

People in Waipahu primarily live in small (one, two, or no bedroom) single-family detached homes. Waipahu has a mixture of owner-occupied and renter-occupied housing.

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. Waipahu's housing was primarily built during this period, from the '40s through the '60s. A full 51.17% of the town's housing hails from this era. Other housing ages represented in Waipahu include homes built between 1970-1994 (44.45%), and housing constructed from 1995 and later (3.24%). There's also some housing in Waipahu built between 1939 and earlier (1.14%).

Waipahu home appreciation rates

In the last 10 years, Waipahu has experienced some of the highest home appreciation rates of any community in the nation. Waipahu real estate appreciated 136.79% over the last ten years, which is an average annual home appreciation rate of 13.67%, putting Waipahu in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Waipahu 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, Waipahu appreciation rates have trailed the rest of the nation. In the last twelve months, Waipahu's appreciation rate has been 0.81%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Waipahu were at -0.95%, which equates to an annual appreciation rate of -3.80%.

Relative to Hawaii, our data show that Waipahu's latest annual appreciation rate is higher than 73% 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 Waipahu differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Waipahu - 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 Waipahu real estate investment or home purchase decisions.