Kahului, HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Kahului, HI Real Estate Data

Source & Methodology

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.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q4 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Kahului Housing Market Information

With 27,729 people, 7,726 houses or apartments, and a median cost of homes of $731,591, 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 64.19% of the town's housing units. Other types of housing that are prevalent in Kahului include large apartment complexes or high rise apartments ( 20.08%), row houses and other attached homes ( 9.03%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.10%).

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 53.80% owning and 46.20% 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 ( 33.69%). A lesser amount of the housing stock also hails from between 2000 and later ( 19.91%). There's also some housing in Kahului built before 1939 ( 4.21%).

Kahului Home Appreciation Rates

Appreciation rates for homes in Kahului have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 20.23%, which ranks in the top 40% nationwide. This equates to an annual average Kahului house appreciation rate of 1.86%.

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 9.80%, which is higher than appreciation rates in 90.87% 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 6.72%, which equates to an annual appreciation rate of 29.72%.

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.

Average Home Values

 

Median Home Value:
$731,591

Kahului, HI HOME PRICES

Value Range
> $1,318,000 3.4
$988,001 - $1,318,000 15.2
$659,001 - $988,000 41.6
$527,001 - $659,000 19.9
$395,001 - $527,000 12.0
$263,001 - $395,000 3.5
$132,001 - $263,000 1.2
$66,001 - $132,000 1.6
$0 - $66,000 1.7

High for HI
Very High for Nation

Value Relative to Nation Value Relative to State
3.05985401459854 30.9090909090909

Number Of Homes And Apartments:
7,726

Kahului Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
HI*
Compared To
America*
Latest Quarter:
2018 Q3 - 2018 Q4
Last 12 Months:
2017 Q4 - 2018 Q4
Last 2 Years:
2016 Q4 - 2018 Q4
Last 5 Years:
2013 Q4 - 2018 Q4
Last 10 Years:
2008 Q4 - 2018 Q4
Since 2000:
2000 Q1 - 2018 Q4
154.91% 4.98%
5
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,784 / per month

Homeownership Rate

Homeownership
Owners 53.80
Renters 46.20
Vacant 8.44

Housing Market Details

 

Age of Homes

AGE OF Kahului HOMES
2000 or Newer 19.9
1970 - 1999 42.2
1940 - 1969 33.7
1939 or Older 4.2

Types of Homes

TYPE OF Kahului HOMES
Single-Family 64.2
Townhomes 9.0
Small Apt. Buildings 6.1
Apt. Complexes 20.1
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Kahului HOMES
No Bedroom 2.55
1 Bedroom 8.78
2 Bedrooms 24.82
3 Bedrooms 40.82
4 Bedrooms 15.10
5 or more bedrooms 7.94