When you see a neighborhood for the first time, the most important thing
is often the way it looks, like its homes and its setting. Some places look
the same, but they only reveal their true character after living in them for
a while because they contain a unique mix of occupational or cultural groups.
This neighborhood is very unique in some important ways, according to
NeighborhoodScout's exclusive exploration and analysis.
Notable & Unique: Diversity
Did you know that the Old Kalanianaole Rd / Kalanianaole Hwy neighborhood has more
Portuguese and Asian ancestry people living in it than nearly
any neighborhood in America? It's true! In fact, 5.6% of
this neighborhood's residents have Portuguese ancestry and 30.8% have Asian ancestry.
Old Kalanianaole Rd / Kalanianaole Hwy is also pretty special linguistically. Significantly, 3.2% of its residents five years old and above primarily
speak Japanese at home. While this may seem like a small percentage, it is higher
than 99.5% of the neighborhoods in America.
Notable & Unique: Occupations
With 2.3% of employed workers living in the
Old Kalanianaole Rd / Kalanianaole Hwy neighborhood active in the military, this neighborhood has
the distinction of having a higher proportion of people in the military
than 97.5% of American neighborhoods. This is a major
shaper of the neighborhood's culture and character.
Furthermore, the government often provides some of the more stable jobs in the economy.
From local, to state, to federal government workers, the government can
also be a major employer. What NeighborhoodScout's analysis revealed, is
that the Old Kalanianaole Rd / Kalanianaole Hwy neighborhood in particular stands out
when compared nationally for the proportion of its working residents who
are employed by the government. At 12.8% of its workforce, this
neighborhood has a greater concentration of government workers than
95.4% of U.S. neighborhoods.
Notable & Unique: People
If you come to know the people here, you will recognize that you're
in the company of one of the wealthiest communities in the nation. In
fact, a mere 5.0% of America's neighborhoods are wealthier than the
Old Kalanianaole Rd / Kalanianaole Hwy neighborhood. Real estate here is exceedingly
well-maintained, and similarly, tends to maintain its value over time.
The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and
Lexus. If the public schools aren't up to snuff, the residents of this
neighborhood preferentially send their children to private preparatory
schools. Vacation to Disney? Yes, but equally popular are summers in Europe.
In addition, the Old Kalanianaole Rd / Kalanianaole Hwy neighborhood is considered a solid choice
for executive lifestyles. NeighborhoodScout's analysis ranks it as
better than 93.2% of Hawaii neighborhoods
for executive living, based on the wealthy, educated professionals,
executives, and managers who choose to reside here, the spacious homes
that are prominent features of the real estate in the neighborhood,
and the high real estate appreciation rates found here relative to
other neighborhoods in the state.
In addition to being an excellent choice for highly educated executives, this
neighborhood is also a very good choice for families with school-aged children and urban sophisticates.
Notable & Unique: Real Estate
In addition, this neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 1.2% of the real estate vacant, this indicates an exceptionally strong demand for real estate in the Old Kalanianaole Rd / Kalanianaole Hwy neighborhood, and/or an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.