Highest Appreciating Waipahu Neighborhoods Since 1990
|1||Farrington Hwy / Pupu...|
|3||U of Hawaii-West Oahu...|
|5||Kaupu Pl / Waipahu St|
|6||Kunia Rd / Waipahu St|
|7||Waipio Uka St / Manaw...|
|9||Kamehameha Hwy / Lumi...|
|10||Farrington Hwy / Leok...|
Popular neighborhoods in Waipahu
Popular communities near Waipahu, HI
Waipahu appreciation rates and housing market information
Waipahu housing market information
With a population of 38,216, 8,383 total housing units (homes and apartments), and a median house value of $568,509, 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 52.37% of the town's housing units. Other types of housing that are prevalent in Waipahu include large apartment complexes or high rise apartments (31.93%), duplexes, homes converted to apartments or other small apartment buildings (7.97%), and a few row houses and other attached homes (7.56%).
The most prevalent building size and type in Waipahu are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.51% owning and 42.49% 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. Waipahu's housing was primarily built during this period, from the '40s through the '60s. A full 48.21% of the town's housing hails from this era. Other housing ages represented in Waipahu include homes built between 1970-1999 (40.19%) and housing constructed between 2000 and later (10.04%). There's also some housing in Waipahu built before 1939 (1.56%).
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 62.59% over the last ten years, which is an average annual home appreciation rate of 4.98%, 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.
Appreciation rates are so strong in Waipahu that despite a nationwide downturn in the housing market, Waipahu real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Waipahu appreciation rates continue to be some of the highest in America, at 9.40%, which is higher than appreciation rates in 87.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Waipahu. Waipahu appreciation rates in the latest quarter were at 2.32%, which equates to an annual appreciation rate of 9.62%.
Importantly, this makes Waipahu one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Hawaii, our data show that Waipahu's latest annual appreciation rate is lower than 80% 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.
|PERIOD||TOTAL APPRECIATION||AVG. ANNUAL RATE||
|Last 10 Years||62.59%||4.98%||6||10|
|Last 5 Years||12.56%||2.39%||6||9|
|Last 2 Years||14.14%||6.84%||2||9|
|Last 12 Months||9.40%||9.40%||2||9|
|* 10 is highest|
Copyright © 2000-2014 Location Inc®. All the trademarks displayed on this page are the property of Location, Inc®. The NeighborhoodScout® search engine is covered under US Patents No. 7,043,501 and 7,680,859. Our school rating algorithm is covered under US Patent No. 8,376,755. Other US patents pending.
The NeighborhoodScout page you recommended has been sent to: firstname.lastname@example.org, email@example.com, firstname.lastname@example.orgFind a top Real Estate Agent get up to $2,000 or more Cash Back