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Real Estate Prices & Overview

Punahou South median real estate price is $668,970, which is less expensive than 73.9% of Hawaii neighborhoods and 19.4% of all U.S. neighborhoods.

The average rental price in Punahou South is currently $2,989, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 56.2% of Hawaii neighborhoods.

Punahou South is a densely urban neighborhood (based on population density) located in Honolulu, Hawaii.

Punahou South real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Punahou South neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 2000 and the present.

Punahou South has a 11.0% vacancy rate, which is well above average compared to other U.S. neighborhoods (higher than 65.9% of American neighborhoods). Most vacant housing here is vacant year round. This could either signal that there is a weak demand for real estate in the neighborhood or that large amount of new housing has been built and not yet occupied. Either way, if you live here, you may find many of the homes or apartments are empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Honolulu, the Punahou South neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

In a nation where 1 out of every 4 children lives in poverty, the Punahou South neighborhood stands out as being ranked among the lowest 0.0% of neighborhoods affected by this global issue.

Real Estate

The real estate in the Punahou South neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 91.8% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 98.5% of American neighborhoods.

In addition, if you like crowded places, then you will probably enjoy the the Punahou South neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.9% of neighborhoods in the U.S., with 29,857 people per square mile living here.

Furthermore, the Punahou South neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 86.9% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Diversity

Did you know that the Punahou South neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 66.0% of this neighborhood's residents have Asian ancestry.

Punahou South is also pretty special linguistically. Significantly, 9.6% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 99.9% of the neighborhoods in America.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Punahou South neighborhood in Honolulu are middle-income, making it a moderate income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 50.1% of the neighborhoods in America. In addition, 0.0% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 100.0% of America's neighborhoods.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Punahou South neighborhood, 43.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 27.9% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (14.0%), and 13.4% in clerical, assistant, and tech support occupations.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Punahou South neighborhood is English, spoken by 56.6% of households. Other important languages spoken here include Chinese, Korean and Japanese.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Punahou South neighborhood in Honolulu, HI, residents most commonly identify their ethnicity or ancestry as Asian (66.0%). There are also a number of people of Puerto Rican ancestry (6.3%), and residents who report English roots (4.1%), and some of the residents are also of German ancestry (3.9%), along with some Irish ancestry residents (2.1%), among others. In addition, 35.6% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Punahou South neighborhood spend between 15 and 30 minutes commuting one-way to work (52.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (55.0%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (9.8%) and 9.4% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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