Kailua Kona, HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Kailua Kona Neighborhoods Since 2000




Kailua Kona, 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Kailua Kona Housing Market Information

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 Home Appreciation Rates

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.

Average Home Values

 

Median Home Value:
$561,075

Kailua Kona, HI HOME PRICES

Value Range
> $1,283,000 5.3
$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

Average for HI
Very High for Nation

Value Relative to Nation Value Relative to State
4.51189499589828 57.6923076923077

Number Of Homes And Apartments:
2,565

Kailua Kona Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
HI*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2017 Q1
100.12% 4.10% 2 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,864 / per month

Homeownership Rate

Homeownership
Owners 59.61
Renters 40.39
Vacant 27.13

Housing Market Details

 

Age of Homes

AGE OF Kailua Kona HOMES
2000 or Newer 26.0
1970 - 1999 64.4
1940 - 1969 8.6
1939 or Older 1.0

Types of Homes

TYPE OF Kailua Kona HOMES
Single-Family 62.6
Townhomes 3.4
Small Apt. Buildings 7.0
Apt. Complexes 26.9
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Kailua Kona HOMES
No Bedroom 4.56
1 Bedroom 11.93
2 Bedrooms 29.11
3 Bedrooms 37.20
4 Bedrooms 13.82
5 or more bedrooms 3.38

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Zip Codes in Kailua Kona, HI