Kailua, HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Kailua, HI Real Estate Data


Kailua Housing Market Information

With a population of 40,231, 12,962 total housing units (homes and apartments), and a median house value of $1,092,207, Kailua house prices are not only among the most expensive in Hawaii, Kailua real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Kailua, accounting for 76.25% of the town's housing units. Other types of housing that are prevalent in Kailua include large apartment complexes or high rise apartments ( 12.58%), row houses and other attached homes ( 7.54%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.62%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Kailua. Owner-occupied housing accounts for 71.81% of Kailua's homes, and 68.00% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Kailua's housing was primarily built during this period, from the '40s through the '60s. A full 56.33% of the town's housing hails from this era. Other housing ages represented in Kailua include homes built between 1970-1999 ( 36.78%) and housing constructed between 2000 and later ( 4.70%). There's also some housing in Kailua built before 1939 ( 2.19%).

Kailua Home Appreciation Rates

In the last 10 years, Kailua has experienced some of the highest home appreciation rates of any community in the nation. Kailua real estate appreciated 26.77% over the last ten years, which is an average annual home appreciation rate of 2.40%, putting Kailua in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kailua 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 that despite a nationwide downturn in the housing market, Kailua real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kailua appreciation rates continue to be some of the highest in America, at 9.12%, which is higher than appreciation rates in 95.94% 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. Kailua appreciation rates in the latest quarter were at 1.18%, which equates to an annual appreciation rate of 4.80%.

Relative to Hawaii, our data show that Kailua'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 differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kailua - 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 real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$1,092,207

Kailua, HI HOME PRICES

Value Range
> $1,296,000 23.2
$972,001 - $1,296,000 35.1
$648,001 - $972,000 30.9
$519,001 - $648,000 4.3
$389,001 - $519,000 2.9
$259,001 - $389,000 1.5
$130,001 - $259,000 1.0
$65,001 - $130,000 0.9
$0 - $65,000 0.3

Very High for HI
Very High for Nation

Value Relative to Nation Value Relative to State
0.948644375475786 5.76923076923077

Number Of Homes And Apartments:
12,962

Rent & Ownership

 

Average Market Rent:
$2,975 / per month

Homeownership Rate

Homeownership
Owners 71.81
Renters 28.19
Vacant 4.74

Housing Market Details

 

Age of Homes

AGE OF Kailua HOMES
2000 or Newer 4.7
1970 - 1999 36.8
1940 - 1969 56.3
1939 or Older 2.2

Types of Homes

TYPE OF Kailua HOMES
Single-Family 76.3
Townhomes 7.5
Small Apt. Buildings 3.6
Apt. Complexes 12.6
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Kailua HOMES
No Bedroom 1.99
1 Bedroom 4.94
2 Bedrooms 13.99
3 Bedrooms 43.57
4 Bedrooms 24.44
5 or more bedrooms 11.08

Kailua Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
HI*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
166.71% 5.94% 8 10
* 10 is highest