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 Q2 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

Makawao Housing Market Information

With 7,564 people, 2,403 houses or apartments, and a median cost of homes of $718,192, 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 90.72% of the town's housing units. Other types of housing that are prevalent in Makawao include duplexes, homes converted to apartments or other small apartment buildings ( 3.94%), row houses and other attached homes ( 2.81%), and a few large apartment complexes or high rise apartments ( 2.53%).

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 56.73% owning and 43.27% 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 ( 12.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 7.91%). There's also some housing in Makawao built before 1939 ( 6.47%).

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 35.74% over the last ten years, which is an average annual home appreciation rate of 3.10%, 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.

Appreciation rates are so strong in Makawao that despite a nationwide downturn in the housing market, Makawao real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Makawao appreciation rates continue to be some of the highest in America, at 6.00%, which is higher than appreciation rates in 83.51% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Makawao. Makawao appreciation rates in the latest quarter were at -2.56%, which equates to an annual appreciation rate of -9.85%.

Notably, Makawao's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Hawaii, our data show that Makawao's latest annual appreciation rate is higher than 80% of the other cities and towns in Hawaii.

Average Home Values

 

Median Home Value:
$718,192

Makawao, HI HOME PRICES

Value Range
> $1,262,000 7.9
$946,001 - $1,262,000 14.1
$631,001 - $946,000 44.4
$505,001 - $631,000 16.1
$379,001 - $505,000 12.3
$252,001 - $379,000 1.8
$126,001 - $252,000 1.1
$63,001 - $126,000 0.4
$0 - $63,000 1.9

High for HI
Very High for Nation

Value Relative to Nation Value Relative to State
3.07737226277372 34.5454545454545

Number Of Homes And Apartments:
2,403

Makawao Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
HI*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
152.12% 4.86%
4
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,147 / per month

Homeownership Rate

Homeownership
Owners 56.73
Renters 43.27
Vacant 6.35

Housing Market Details

 

Age of Homes

AGE OF Makawao HOMES
2000 or Newer 7.9
1970 - 1999 72.8
1940 - 1969 12.9
1939 or Older 6.5

Types of Homes

TYPE OF Makawao HOMES
Single-Family 90.7
Townhomes 2.8
Small Apt. Buildings 3.9
Apt. Complexes 2.5
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Makawao HOMES
No Bedroom 2.49
1 Bedroom 11.77
2 Bedrooms 31.37
3 Bedrooms 41.35
4 Bedrooms 8.07
5 or more bedrooms 4.95

Popular Neighborhoods in Makawao

Zip Codes in Makawao, HI