Kapaa, HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Kapaa, 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

Kapaa Housing Market Information

With a population of 11,239, 3,517 total housing units (homes and apartments), and a median house value of $529,045, real estate costs in Kapaa 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 Kapaa, accounting for 68.13% of the town's housing units. Other types of housing that are prevalent in Kapaa include duplexes, homes converted to apartments or other small apartment buildings ( 14.33%), large apartment complexes or high rise apartments ( 11.63%), and a few row houses and other attached homes ( 5.35%).

The most prevalent building size and type in Kapaa are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 56.93% owning and 43.07% renting.

There is a lot of housing in Kapaa 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 Kapaa built between 1940-1969 ( 16.70%). A lesser amount of the housing stock also hails from between 2000 and later ( 14.36%). There's also some housing in Kapaa built before 1939 ( 2.12%).

Vacant housing appears to be an issue in Kapaa. Fully 20.61% of the housing stock is classified as vacant. Left unchecked, vacant Kapaa homes and apartments can be a drag on the real estate market, holding Kapaa 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.

Kapaa Home Appreciation Rates

Real estate appreciation rates in Kapaa's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.43% during the period.

Appreciation rates are so strong in Kapaa that despite a nationwide downturn in the housing market, Kapaa real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Kapaa appreciation rates continue to be some of the highest in America, at 5.75%, which is higher than appreciation rates in 71.85% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Kapaa. Kapaa appreciation rates in the latest quarter were at 0.46%, which equates to an annual appreciation rate of 1.86%.

Relative to Hawaii, our data show that Kapaa's latest annual appreciation rate is higher than 80% of the other cities and towns in Hawaii.

Average Home Values

 

Median Home Value:
$529,045

Kapaa, HI HOME PRICES

Value Range
> $1,261,000 5.1
$945,001 - $1,261,000 7.7
$630,001 - $945,000 25.6
$504,001 - $630,000 20.2
$378,001 - $504,000 27.7
$252,001 - $378,000 8.7
$126,001 - $252,000 0.4
$63,001 - $126,000 2.7
$0 - $63,000 2.0

Low for HI
Very High for Nation

Value Relative to Nation Value Relative to State
5.19160904722841 65.3846153846154

Number Of Homes And Apartments:
3,517

Kapaa 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
139.59% 5.20% 6 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,903 / per month

Homeownership Rate

Homeownership
Owners 56.93
Renters 43.07
Vacant 20.61

Housing Market Details

 

Age of Homes

AGE OF Kapaa HOMES
2000 or Newer 14.4
1970 - 1999 66.8
1940 - 1969 16.7
1939 or Older 2.1

Types of Homes

TYPE OF Kapaa HOMES
Single-Family 68.1
Townhomes 5.3
Small Apt. Buildings 14.3
Apt. Complexes 11.6
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Kapaa HOMES
No Bedroom 5.62
1 Bedroom 16.57
2 Bedrooms 19.16
3 Bedrooms 40.99
4 Bedrooms 15.01
5 or more bedrooms 2.64

Popular Neighborhoods in Kapaa

Zip Codes in Kapaa, HI