Koloa, HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Koloa, HI Real Estate Data


Koloa Housing Market Information

With a population of 2,252, 823 total housing units (homes and apartments), and a median house value of $820,514, 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 59.31% of the town's housing units. Other types of housing that are prevalent in Koloa include large apartment complexes or high rise apartments ( 20.24%), duplexes, homes converted to apartments or other small apartment buildings ( 12.23%), and a few row houses and other attached homes ( 8.23%).

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 37.37% owning and 62.63% 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 ( 21.32%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.80%). There's also some housing in Koloa built before 1939 ( 8.55%).

Vacant housing appears to be an issue in Koloa. Fully 10.93% 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 9.48%, which ranks in the top 40% nationwide. This equates to an annual average Koloa house appreciation rate of 0.91%.

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 7.38%, which is higher than appreciation rates in 87.71% 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 4.07%, which equates to an annual appreciation rate of 17.30%.

Importantly, this makes Koloa one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.

Relative to Hawaii, our data show that Koloa's latest annual appreciation rate is lower than 60% of the other cities and towns in Hawaii.

Average Home Values

 

Median Home Value:
$820,514

Koloa, HI HOME PRICES

Value Range
> $1,247,000 19.2
$935,001 - $1,247,000 13.7
$623,001 - $935,000 36.1
$498,001 - $623,000 11.4
$374,001 - $498,000 11.4
$249,001 - $374,000 3.5
$124,001 - $249,000 2.5
$63,001 - $124,000 0.9
$0 - $63,000 1.3

Very High for HI
Very High for Nation

Value Relative to Nation Value Relative to State
1.89143292147333 13.4615384615385

Number Of Homes And Apartments:
823

Rent & Ownership

 

Average Market Rent:
$1,564 / per month

Homeownership Rate

Homeownership
Owners 37.37
Renters 62.63
Vacant 10.93

Housing Market Details

 

Age of Homes

AGE OF Koloa HOMES
2000 or Newer 11.8
1970 - 1999 58.3
1940 - 1969 21.3
1939 or Older 8.5

Types of Homes

TYPE OF Koloa HOMES
Single-Family 59.3
Townhomes 8.2
Small Apt. Buildings 12.2
Apt. Complexes 20.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Koloa HOMES
No Bedroom 2.06
1 Bedroom 9.20
2 Bedrooms 29.11
3 Bedrooms 45.78
4 Bedrooms 11.69
5 or more bedrooms 2.16

Koloa 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
190.03% 6.46% 10 10
* 10 is highest

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Zip Codes in Koloa, HI