Kula, HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Kula, 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 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Kula Housing Market Information

With 6,793 people, 2,911 houses or apartments, and a median cost of homes of $903,227, Kula house prices are not only among the most expensive in Hawaii, Kula 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 Kula, accounting for 92.60% of the town's housing units. Other types of housing that are prevalent in Kula include duplexes, homes converted to apartments or other small apartment buildings ( 3.87%), row houses and other attached homes ( 2.08%), and a few large apartment complexes or high rise apartments ( 1.02%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Kula. Owner-occupied housing accounts for 69.94% of Kula's homes, and 55.01% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Kula 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 Kula built between 2000 and later ( 18.48%). A lesser amount of the housing stock also hails from between 1940-1969 ( 17.55%). There's also some housing in Kula built before 1939 ( 3.87%).

Kula Home Appreciation Rates

Appreciation rates for homes in Kula have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 20.74%, which ranks in the top 40% nationwide. This equates to an annual average Kula house appreciation rate of 1.90%.

Over the last year, Kula appreciation rates have trailed the rest of the nation. In the last twelve months, Kula's appreciation rate has been 2.99%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kula were at 0.67%, which equates to an annual appreciation rate of 2.69%.

Relative to Hawaii, our data show that Kula's latest annual appreciation rate is lower than 90% of the other cities and towns in Hawaii.

Average Home Values

 

Median Home Value:
$903,227

Kula, HI HOME PRICES

Value Range
> $1,204,000 36.7
$903,001 - $1,204,000 23.4
$602,001 - $903,000 20.4
$482,001 - $602,000 9.4
$361,001 - $482,000 3.7
$241,001 - $361,000 4.2
$121,001 - $241,000 0.0
$60,001 - $121,000 0.0
$0 - $60,000 2.1

Very High for HI
Very High for Nation

Value Relative to Nation Value Relative to State
1.64087591240876 10.9090909090909

Number Of Homes And Apartments:
2,911

Kula Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
HI*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
117.20% 4.11%
1
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,097 / per month

Homeownership Rate

Homeownership
Owners 69.94
Renters 30.06
Vacant 6.79

Housing Market Details

 

Age of Homes

AGE OF Kula HOMES
2000 or Newer 18.5
1970 - 1999 60.1
1940 - 1969 17.5
1939 or Older 3.9

Types of Homes

TYPE OF Kula HOMES
Single-Family 92.6
Townhomes 2.1
Small Apt. Buildings 3.9
Apt. Complexes 1.0
Mobile Homes 0.4
Other 0.0

Home Size

SIZE OF Kula HOMES
No Bedroom 1.02
1 Bedroom 11.50
2 Bedrooms 29.46
3 Bedrooms 36.60
4 Bedrooms 18.41
5 or more bedrooms 3.01

Popular Neighborhoods in Kula

Popular Communities Near Kula, HI

Zip Codes in Kula, HI