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Real Estate Prices & Overview

Makiki Lower Punchbowl Tantalus median real estate price is $376,050, which is less expensive than 94.0% of Hawaii neighborhoods and 42.5% of all U.S. neighborhoods.

The average rental price in Makiki Lower Punchbowl Tantalus is currently $2,953, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 73.0% of Hawaii neighborhoods.

Makiki Lower Punchbowl Tantalus is a densely urban neighborhood (based on population density) located in Honolulu, Hawaii.

Makiki Lower Punchbowl Tantalus 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 Makiki Lower Punchbowl Tantalus neighborhood are established but not old, having been built between 1970 and 1999. A number of residences were also built between 1940 and 1969.

Home and apartment vacancy rates are 6.5% in Makiki Lower Punchbowl Tantalus. NeighborhoodScout analysis shows that this rate is lower than 58.1% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

Real Estate

The Makiki Lower Punchbowl Tantalus neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 44,441 persons per square mile in the neighborhood, it is more packed with people than 98.2% of the nation's neighborhoods.

In addition, the Makiki Lower Punchbowl Tantalus 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 88.9% 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.

Furthermore, one of the really unique and interesting things about the look and setting of the Makiki Lower Punchbowl Tantalus neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 81.3% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 96.9% of all neighborhoods in America.

Occupations

With 2.0% of employed workers living in the Makiki Lower Punchbowl Tantalus neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 96.7% of American neighborhoods. This is a major shaper of the neighborhood's culture and character.

People

According to NeighborhoodScout's research, Makiki Lower Punchbowl Tantalus is better suited for first-time home buyers than 88.3% of neighborhoods in the state. Most homes here are priced below the state's median house value, yet maintain comparably good appreciation rates over the last decade relative to other neighborhoods in Hawaii. Along with an exclusive multi-metric measure of neighborhood quality developed by NeighborhoodScout that scores high here in this neighborhood, this means that buying into the neighborhood is not only an accessible option but considered a decent first time home buyer choice for building equity in your first home, while being in a quality neighborhood

Diversity

Did you know that the Makiki Lower Punchbowl Tantalus neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 52.9% of this neighborhood's residents have Asian ancestry.

Makiki Lower Punchbowl Tantalus is also pretty special linguistically. Significantly, 6.5% 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 99.8% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Makiki Lower Punchbowl Tantalus 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 44.4% of the neighborhoods in America. With 26.2% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 76.3% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the Makiki Lower Punchbowl Tantalus neighborhood, 41.7% 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 31.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (14.5%), and 10.7% in manufacturing and laborer 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 Makiki Lower Punchbowl Tantalus neighborhood is English, spoken by 65.7% of households. Other important languages spoken here include Japanese, Chinese, Korean and Italian.

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 Makiki Lower Punchbowl Tantalus neighborhood in Honolulu, HI, residents most commonly identify their ethnicity or ancestry as Asian (52.9%). There are also a number of people of German ancestry (5.1%), and residents who report Mexican roots (4.8%), and some of the residents are also of Irish ancestry (4.5%), along with some Italian ancestry residents (2.5%), among others. In addition, 25.5% 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 Makiki Lower Punchbowl Tantalus neighborhood spend between 15 and 30 minutes commuting one-way to work (43.3% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (57.0%) 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 (18.0%) and 10.8% of residents also ride the bus 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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