Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 27,729 people, 7,109 houses or apartments, and a median cost of homes of $688,097, real estate costs in Kahului 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 Kahului, accounting for 63.36% of the town's housing units. Other types of housing that are prevalent in Kahului include large apartment complexes or high rise apartments ( 16.95%), row houses and other attached homes ( 11.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.77%).
The most prevalent building size and type in Kahului are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 53.42% owning and 46.58% renting.
There is a lot of housing in Kahului built from 1970 to 1999 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 Kahului built between 1940-1969 ( 32.30%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.85%). There's also some housing in Kahului built before 1939 ( 3.42%).
Vacant housing appears to be an issue in Kahului. Fully 10.16% of the housing stock is classified as vacant. Left unchecked, vacant Kahului homes and apartments can be a drag on the real estate market, holding Kahului real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.
Kahului's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Kahului during the period has been just -0.90%, which is lower than 70% of US communities.
Appreciation rates are so strong in Kahului that despite a nationwide downturn in the housing market, Kahului real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kahului appreciation rates continue to be some of the highest in America, at 9.77%, which is higher than appreciation rates in 91.68% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kahului. Kahului appreciation rates in the latest quarter were at 7.53%, which equates to an annual appreciation rate of 33.71%.
Importantly, NeighborhoodScout’s exclusive research found that Kahului's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to Hawaii, our data show that Kahului's latest annual appreciation rate is higher than 80% of the other cities and towns in Hawaii.
|$1,015,001 - $1,354,000||8.7|
|$676,001 - $1,015,000||33.9|
|$541,001 - $676,000||26.0|
|$406,001 - $541,000||14.9|
|$271,001 - $406,000||3.3|
|$135,001 - $271,000||2.6|
|$68,001 - $135,000||3.6|
|$0 - $68,000||2.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Kahului HOMES|
|2000 or Newer||16.8|
|1970 - 1999||47.4|
|1940 - 1969||32.3|
|1939 or Older||3.4|
|TYPE OF Kahului HOMES|
|Small Apt. Buildings||7.8|
|SIZE OF Kahului HOMES|
|5 or more bedrooms||9.10|