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 40,197 people, 2,565 houses or apartments, and a median cost of homes of $561,075, real estate costs in Kailua Kona 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 Kailua Kona, accounting for 62.59% of the town's housing units. Other types of housing that are prevalent in Kailua Kona include large apartment complexes or high rise apartments ( 26.88%), duplexes, homes converted to apartments or other small apartment buildings ( 7.04%), and a few row houses and other attached homes ( 3.41%).
The most prevalent building size and type in Kailua Kona are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.61% owning and 40.39% renting.
There is a lot of housing in Kailua Kona 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 Kailua Kona built between 2000 and later ( 25.96%). A lesser amount of the housing stock also hails from between 1940-1969 ( 8.62%). There's also some housing in Kailua Kona built before 1939 ( 1.01%).
Vacant housing appears to be an issue in Kailua Kona. Fully 27.13% of the housing stock is classified as vacant. Left unchecked, vacant Kailua Kona homes and apartments can be a drag on the real estate market, holding Kailua Kona 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.
Kailua Kona's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Kailua Kona during the period has been just -1.36%, which is lower than 80% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Kailua Kona's appreciation rate, at 4.56%, has been at or slightly above the national average. In the latest quarter, Kailua Kona's appreciation rate has been 0.46%, which annualizes to a rate of 1.86%.
Relative to Hawaii, our data show that Kailua Kona's latest annual appreciation rate is higher than 60% 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 Kailua Kona differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kailua Kona - 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 2000, to assist you in making the best Kailua Kona real estate investment or home purchase decisions.
|$962,001 - $1,283,000||7.5|
|$641,001 - $962,000||23.2|
|$513,001 - $641,000||19.7|
|$385,001 - $513,000||20.9|
|$257,001 - $385,000||13.1|
|$128,001 - $257,000||6.7|
|$64,001 - $128,000||0.7|
|$0 - $64,000||3.0|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Kailua Kona HOMES|
|2000 or Newer||26.0|
|1970 - 1999||64.4|
|1940 - 1969||8.6|
|1939 or Older||1.0|
|TYPE OF Kailua Kona HOMES|
|Small Apt. Buildings||7.0|
|SIZE OF Kailua Kona HOMES|
|5 or more bedrooms||3.38|