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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With 21,985 people, 8,335 houses or apartments, and a median cost of homes of $583,807, real estate costs in Kihei 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.
Large apartment complexes or high rise apartments are the single most common housing type in Kihei, accounting for 46.84% of the town's housing units. Other types of housing that are prevalent in Kihei include single-family detached homes ( 34.54%), duplexes, homes converted to apartments or other small apartment buildings ( 13.17%), and a few row houses and other attached homes ( 4.93%). Towns that are predominantly high-density buildings are relatively uncommon in the US. Because of the density, these types of towns are often walkable and compact, and often have a lively downtown.
People in Kihei primarily live in small (one, two or no bedroom) units, chiefly found in large apartment complexes or high rise apartments. Kihei has a mixture of owner-occupied and renter-occupied housing.
There is a lot of housing in Kihei 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 Kihei built between 2000 and later ( 20.14%). A lesser amount of the housing stock also hails from between 1940-1969 ( 6.91%).
Vacant housing appears to be an issue in Kihei. Fully 33.08% of the housing stock is classified as vacant. Left unchecked, vacant Kihei homes and apartments can be a drag on the real estate market, holding Kihei 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.
Kihei's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Kihei during the period has been just -0.98%, which is lower than 70% of US communities.
NeighborhoodScout's data show that during the latest twelve months, Kihei's appreciation rate, at 3.30%, has been at or slightly above the national average. In the latest quarter, Kihei's appreciation rate has been -0.82%, which annualizes to a rate of -3.23%.
Notably, Kihei's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Hawaii, our data show that Kihei'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 Kihei differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kihei - 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 Kihei real estate investment or home purchase decisions.
|$963,001 - $1,283,000||10.2|
|$642,001 - $963,000||25.0|
|$513,001 - $642,000||26.1|
|$385,001 - $513,000||16.1|
|$257,001 - $385,000||8.9|
|$128,001 - $257,000||7.6|
|$64,001 - $128,000||0.3|
|$0 - $64,000||1.3|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2017 Q1
|* 10 is highest|
|AGE OF Kihei HOMES|
|2000 or Newer||20.1|
|1970 - 1999||72.3|
|1940 - 1969||6.9|
|1939 or Older||0.7|
|TYPE OF Kihei HOMES|
|Small Apt. Buildings||13.2|
|SIZE OF Kihei HOMES|
|5 or more bedrooms||2.84|