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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Kailua Kona, HI Real Estate Market

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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Kailua Kona, HI Housing Market Trends

With 37,342 people, 1,726 houses or apartments, and a median cost of homes of $892,342, 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 56.44% of the town's housing units. Other types of housing that are prevalent in Kailua Kona include large apartment complexes or high rise apartments ( 29.38%), duplexes, homes converted to apartments or other small apartment buildings ( 9.05%), and a few row houses and other attached homes ( 4.70%).

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 64.49% owning and 35.51% 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 ( 29.72%). A lesser amount of the housing stock also hails from between 1940-1969 ( 9.15%).

Vacant housing appears to be an issue in Kailua Kona. Fully 22.80% 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 Home Appreciation Rates

In the last 10 years, Kailua Kona has experienced some of the highest home appreciation rates of any community in the nation. Kailua Kona real estate appreciated 126.11% over the last ten years, which is an average annual home appreciation rate of 8.50%, putting Kailua Kona in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kailua Kona definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Kailua Kona that despite a nationwide downturn in the housing market, Kailua Kona real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kailua Kona appreciation rates continue to be some of the highest in America, at 6.71%, which is higher than appreciation rates in 79.98% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kailua Kona. Kailua Kona appreciation rates in the latest quarter were at 2.32%, which equates to an annual appreciation rate of 9.59%.

Relative to Hawaii, our data show that Kailua Kona's latest annual appreciation rate is higher than 70% 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.

Average Home Values

Median Home Value

$892,342

Kailua Kona, HI Home Prices
> $1,555,000
$1,167,001 - $1,555,000
$778,001 - $1,167,000
$622,001 - $778,000
$466,001 - $622,000
$311,001 - $466,000
$155,001 - $311,000
$78,001 - $155,000
$0 - $78,000
13.3%
13.3%
14.2%
14.2%
28.9%
28.9%
18.2%
18.2%
15.6%
15.6%
6.6%
6.6%
1.5%
1.5%
0.7%
0.7%
1.0%
1.0%
0% 100.0%
% of Homes
High

for Hawaii

Very High

for nation

Number of Homes And Apartments:

1,726

Kailua Kona Appreciation Rates

Rent & Ownership

Average Market Rent:

$3,507 / per month

Homeownership Rate

Owners
Renters
Vacant
64.5%
64.5%
35.5%
35.5%
22.8%
22.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
29.7%
29.7%
60.6%
60.6%
9.1%
9.1%
0.5%
0.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
56.4%
56.4%
4.7%
4.7%
9.1%
9.1%
29.4%
29.4%
0.3%
0.3%
0.2%
0.2%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.8%
4.8%
11.6%
11.6%
28.2%
28.2%
37.6%
37.6%
12.8%
12.8%
5.0%
5.0%
0% 100.0%
% of Homes

Popular Communities Near Kailua Kona, HI

Zip Codes in Kailua Kona, HI