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 about Scout's Real Estate Data
With 8,004 people, 2,714 houses or apartments, and a median cost of homes of $958,965, real estate costs in Lihue 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 Lihue, accounting for 63.28% of the town's housing units. Other types of housing that are prevalent in Lihue include large apartment complexes or high rise apartments ( 18.26%), row houses and other attached homes ( 10.65%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.80%).
The most prevalent building size and type in Lihue are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 58.55% owning and 41.45% renting.
There is a lot of housing in Lihue 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 Lihue built between 2000 and later ( 24.23%). A lesser amount of the housing stock also hails from between 1940-1969 ( 23.48%). There's also some housing in Lihue built before 1939 ( 4.78%).
Appreciation rates for homes in Lihue have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 105.53%, which ranks in the top 30% nationwide. This equates to an annual average Lihue house appreciation rate of 7.47%.
Over the last year, Lihue appreciation rates have trailed the rest of the nation. In the last twelve months, Lihue's appreciation rate has been 2.46%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Lihue were at -0.96%, which equates to an annual appreciation rate of -3.77%.
Notably, Lihue's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Hawaii, our data show that Lihue's latest annual appreciation rate is higher than 50% of the other cities and towns in Hawaii.
$958,965
$3,585 / per month