Lihue, HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Lihue, 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

Lihue Housing Market Information

With a population of 6,781, 2,313 total housing units (homes and apartments), and a median house value of $572,664, 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 67.33% of the town's housing units. Other types of housing that are prevalent in Lihue include large apartment complexes or high rise apartments ( 25.29%), duplexes, homes converted to apartments or other small apartment buildings ( 5.20%), and a few row houses and other attached homes ( 2.18%).

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 60.34% owning and 39.66% 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 1940-1969 ( 19.59%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.86%). There's also some housing in Lihue built before 1939 ( 1.11%).

Vacant housing appears to be an issue in Lihue. Fully 11.51% of the housing stock is classified as vacant. Left unchecked, vacant Lihue homes and apartments can be a drag on the real estate market, holding Lihue 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.

Lihue Home Appreciation Rates

Real estate appreciation rates in Lihue's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.60% during the period.

Appreciation rates are so strong in Lihue that despite a nationwide downturn in the housing market, Lihue real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Lihue appreciation rates continue to be some of the highest in America, at 5.94%, which is higher than appreciation rates in 73.58% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Lihue. Lihue 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 Lihue's latest annual appreciation rate is higher than 80% of the other cities and towns in Hawaii.

Average Home Values

 

Median Home Value:
$572,664

Lihue, HI HOME PRICES

Value Range
> $1,235,000 7.8
$927,001 - $1,235,000 5.3
$618,001 - $927,000 26.9
$494,001 - $618,000 21.1
$371,001 - $494,000 22.5
$247,001 - $371,000 6.0
$124,001 - $247,000 5.1
$62,001 - $124,000 2.6
$0 - $62,000 2.5

Average for HI
Very High for Nation

Value Relative to Nation Value Relative to State
4.31266846361186 55.7692307692308

Number Of Homes And Apartments:
2,313

Lihue 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
117.59% 4.61% 4 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,801 / per month

Homeownership Rate

Homeownership
Owners 60.34
Renters 39.66
Vacant 11.51

Housing Market Details

 

Age of Homes

AGE OF Lihue HOMES
2000 or Newer 11.9
1970 - 1999 67.4
1940 - 1969 19.6
1939 or Older 1.1

Types of Homes

TYPE OF Lihue HOMES
Single-Family 67.3
Townhomes 2.2
Small Apt. Buildings 5.2
Apt. Complexes 25.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Lihue HOMES
No Bedroom 2.03
1 Bedroom 7.31
2 Bedrooms 33.09
3 Bedrooms 38.83
4 Bedrooms 10.71
5 or more bedrooms 8.03

Popular Neighborhoods in Lihue

Zip Codes in Lihue, HI