Mililani Town, HI


Highest Appreciating Mililani Town Neighborhoods Since 2000

Mililani Town, HI Real Estate Data

Mililani Town Housing Market Information

With 28,770 people, 9,014 houses or apartments, and a median cost of homes of $712,352, real estate costs in Mililani Town 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 Mililani Town, accounting for 63.77% of the town's housing units. Other types of housing that are prevalent in Mililani Town include large apartment complexes or high rise apartments ( 14.26%), row houses and other attached homes ( 11.11%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 10.86%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Mililani Town. Owner-occupied housing accounts for 76.46% of Mililani Town's homes, and 68.18% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Mililani Town 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 Mililani Town built between 1940-1969 ( 8.78%). A lesser amount of the housing stock also hails from between 2000 and later ( 1.24%).

Mililani Town Home Appreciation Rates

In the last 10 years, Mililani Town has experienced some of the highest home appreciation rates of any community in the nation. Mililani Town real estate appreciated 31.07% over the last ten years, which is an average annual home appreciation rate of 2.74%, putting Mililani Town in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Mililani Town 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 Mililani Town that despite a nationwide downturn in the housing market, Mililani Town real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Mililani Town appreciation rates continue to be some of the highest in America, at 10.60%, which is higher than appreciation rates in 98.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Mililani Town. Mililani Town appreciation rates in the latest quarter were at 1.18%, which equates to an annual appreciation rate of 4.80%.

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

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Mililani Town differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Mililani Town - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Mililani Town real estate investment or home purchase decisions.

Average Home Values


Median Home Value:

Mililani Town, HI HOME PRICES

Value Range
> $1,344,000 1.0
$1,008,001 - $1,344,000 4.4
$672,001 - $1,008,000 55.2
$538,001 - $672,000 12.3
$403,001 - $538,000 15.5
$269,001 - $403,000 9.5
$134,001 - $269,000 0.8
$67,001 - $134,000 0.5
$0 - $67,000 0.9

High for HI
Very High for Nation

Value Relative to Nation Value Relative to State
2.71710487790596 32.6923076923077

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$2,703 / per month

Homeownership Rate

Owners 76.46
Renters 23.54
Vacant 2.01

Housing Market Details


Age of Homes

AGE OF Mililani Town HOMES
2000 or Newer 1.2
1970 - 1999 89.2
1940 - 1969 8.8
1939 or Older 0.8

Types of Homes

TYPE OF Mililani Town HOMES
Single-Family 63.8
Townhomes 11.1
Small Apt. Buildings 10.9
Apt. Complexes 14.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Mililani Town HOMES
No Bedroom 0.71
1 Bedroom 1.96
2 Bedrooms 22.94
3 Bedrooms 38.09
4 Bedrooms 30.09
5 or more bedrooms 6.22

Mililani Town Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
177.10% 6.18% 8 10
* 10 is highest