Koloa, HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Koloa, 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

Koloa Housing Market Information

With 2,252 people, 774 houses or apartments, and a median cost of homes of $823,827, Koloa house prices are not only among the most expensive in Hawaii, Koloa 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 Koloa, accounting for 58.09% of the town's housing units. Other types of housing that are prevalent in Koloa include large apartment complexes or high rise apartments ( 22.78%), duplexes, homes converted to apartments or other small apartment buildings ( 11.62%), and a few row houses and other attached homes ( 7.52%).

The most prevalent building size and type in Koloa are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 37.62% owning and 62.38% renting.

There is a lot of housing in Koloa 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 Koloa built between 1940-1969 ( 21.41%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.28%). There's also some housing in Koloa built before 1939 ( 7.74%).

Vacant housing appears to be an issue in Koloa. Fully 11.85% of the housing stock is classified as vacant. Left unchecked, vacant Koloa homes and apartments can be a drag on the real estate market, holding Koloa 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.

Koloa Home Appreciation Rates

Appreciation rates for homes in Koloa have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.22%, which ranks in the top 30% nationwide. This equates to an annual average Koloa house appreciation rate of 1.07%.

Appreciation rates are so strong in Koloa that despite a nationwide downturn in the housing market, Koloa real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Koloa appreciation rates continue to be some of the highest in America, at 10.09%, which is higher than appreciation rates in 94.09% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Koloa. Koloa 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 Koloa's latest annual appreciation rate is higher than 90% of the other cities and towns in Hawaii.

Average Home Values

 

Median Home Value:
$823,827

Koloa, HI HOME PRICES

Value Range
> $1,239,000 21.3
$929,001 - $1,239,000 11.3
$620,001 - $929,000 32.1
$496,001 - $620,000 14.0
$372,001 - $496,000 15.2
$248,001 - $372,000 3.4
$124,001 - $248,000 0.7
$62,001 - $124,000 0.8
$0 - $62,000 1.3

Very High for HI
Very High for Nation

Value Relative to Nation Value Relative to State
1.7813195827962 11.5384615384615

Number Of Homes And Apartments:
774

Koloa 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
188.56% 6.34% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,689 / per month

Homeownership Rate

Homeownership
Owners 37.62
Renters 62.38
Vacant 11.85

Housing Market Details

 

Age of Homes

AGE OF Koloa HOMES
2000 or Newer 11.3
1970 - 1999 59.6
1940 - 1969 21.4
1939 or Older 7.7

Types of Homes

TYPE OF Koloa HOMES
Single-Family 58.1
Townhomes 7.5
Small Apt. Buildings 11.6
Apt. Complexes 22.8
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Koloa HOMES
No Bedroom 1.25
1 Bedroom 9.68
2 Bedrooms 29.38
3 Bedrooms 49.89
4 Bedrooms 8.31
5 or more bedrooms 1.48

Popular Neighborhoods in Koloa

Popular Communities Near Koloa, HI

Zip Codes in Koloa, HI