Makawao HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Makawao, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Makawao Housing Market Information

With a population of 7,564, 2,582 total housing units (homes and apartments), and a median house value of $731,810, real estate costs in Makawao 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 Makawao, accounting for 93.28% of the town's housing units. Other types of housing that are prevalent in Makawao include row houses and other attached homes ( 2.38%), duplexes, homes converted to apartments or other small apartment buildings ( 2.19%), and a few large apartment complexes or high rise apartments ( 2.15%).

The most prevalent building size and type in Makawao are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 62.06% owning and 37.94% renting.

There is a lot of housing in Makawao 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 Makawao built between 1940-1969 ( 13.29%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.52%). There's also some housing in Makawao built before 1939 ( 6.99%).

Makawao Home Appreciation Rates

In the last 10 years, Makawao has experienced some of the highest home appreciation rates of any community in the nation. Makawao real estate appreciated 57.32% over the last ten years, which is an average annual home appreciation rate of 4.64%, putting Makawao in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Makawao definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Makawao's appreciation rate, at 5.69%, has been at or slightly above the national average. In the latest quarter, Makawao's appreciation rate has been 3.20%, which annualizes to a rate of 13.41%.

Importantly, this makes Makawao 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 Makawao's latest annual appreciation rate is lower than 50% of the other cities and towns in Hawaii.

Average Home Values

 

Median Home Value:
$731,810

Makawao, HI HOME PRICES

Value Range
> $1,229,000 8.8
$922,001 - $1,229,000 15.9
$615,001 - $922,000 46.3
$492,001 - $615,000 14.7
$369,001 - $492,000 10.6
$246,001 - $369,000 1.0
$123,001 - $246,000 1.0
$62,001 - $123,000 0.4
$0 - $62,000 1.5

High for HI
Very High for Nation

Value Relative to Nation Value Relative to State
3.00729927007299 36.3636363636364

Number Of Homes And Apartments:
2,582

Makawao Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
HI*
Compared To
America*
Latest Quarter:
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
Since 2000:
2000 Q1 - 2020 Q1
164.43% 4.92%
4
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,048 / per month

Homeownership Rate

Homeownership
Owners 62.06
Renters 37.94
Vacant 2.49

Housing Market Details

 

Age of Homes

AGE OF Makawao HOMES
2000 or Newer 7.5
1970 - 1999 72.2
1940 - 1969 13.3
1939 or Older 7.0

Types of Homes

TYPE OF Makawao HOMES
Single-Family 93.3
Townhomes 2.4
Small Apt. Buildings 2.2
Apt. Complexes 2.2
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Makawao HOMES
No Bedroom 1.66
1 Bedroom 7.29
2 Bedrooms 30.10
3 Bedrooms 44.34
4 Bedrooms 10.95
5 or more bedrooms 5.66

Popular Neighborhoods in Makawao

Zip Codes in Makawao, HI