Kaneohe, HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Kaneohe Neighborhoods Since 2000




Kaneohe, HI Real Estate Data


Kaneohe Housing Market Information

With a population of 36,026, 10,763 total housing units (homes and apartments), and a median house value of $762,137, real estate costs in Kaneohe 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 Kaneohe, accounting for 65.36% of the town's housing units. Other types of housing that are prevalent in Kaneohe include large apartment complexes or high rise apartments ( 21.90%), row houses and other attached homes ( 8.52%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.11%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Kaneohe. Owner-occupied housing accounts for 67.96% of Kaneohe's homes, and 63.87% 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. Kaneohe's housing was primarily built during this period, from the '40s through the '60s. A full 48.02% of the town's housing hails from this era. Other housing ages represented in Kaneohe include homes built between 1970-1999 ( 45.70%) and housing constructed between 2000 and later ( 4.13%). There's also some housing in Kaneohe built before 1939 ( 2.15%).

Kaneohe Home Appreciation Rates

In the last 10 years, Kaneohe has experienced some of the highest home appreciation rates of any community in the nation. Kaneohe real estate appreciated 21.41% over the last ten years, which is an average annual home appreciation rate of 1.96%, putting Kaneohe in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kaneohe 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 Kaneohe that despite a nationwide downturn in the housing market, Kaneohe real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kaneohe appreciation rates continue to be some of the highest in America, at 8.06%, which is higher than appreciation rates in 91.74% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kaneohe. Kaneohe 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 Kaneohe's latest annual appreciation rate is lower 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 Kaneohe differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kaneohe - 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 Kaneohe real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$762,137

Kaneohe, HI HOME PRICES

Value Range
> $1,245,000 5.5
$934,001 - $1,245,000 17.1
$623,001 - $934,000 51.4
$498,001 - $623,000 9.9
$373,001 - $498,000 9.0
$249,001 - $373,000 3.7
$124,001 - $249,000 1.6
$63,001 - $124,000 1.5
$0 - $63,000 0.3

High for HI
Very High for Nation

Value Relative to Nation Value Relative to State
2.27206183755929 21.1538461538462

Number Of Homes And Apartments:
10,763

Rent & Ownership

 

Average Market Rent:
$2,478 / per month

Homeownership Rate

Homeownership
Owners 67.96
Renters 32.04
Vacant 4.40

Housing Market Details

 

Age of Homes

AGE OF Kaneohe HOMES
2000 or Newer 4.1
1970 - 1999 45.7
1940 - 1969 48.0
1939 or Older 2.1

Types of Homes

TYPE OF Kaneohe HOMES
Single-Family 65.4
Townhomes 8.5
Small Apt. Buildings 4.1
Apt. Complexes 21.9
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Kaneohe HOMES
No Bedroom 1.95
1 Bedroom 5.44
2 Bedrooms 19.25
3 Bedrooms 47.86
4 Bedrooms 16.02
5 or more bedrooms 9.49

Kaneohe 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
154.78% 5.66% 7 10
* 10 is highest