Mililani Town, HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Mililani Town Neighborhoods Since 2000




Mililani Town, 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 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

Mililani Town Housing Market Information

With a population of 28,770, 8,963 total housing units (homes and apartments), and a median house value of $626,804, 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 63.11% of the town's housing units. Other types of housing that are prevalent in Mililani Town include large apartment complexes or high rise apartments ( 14.90%), duplexes, homes converted to apartments or other small apartment buildings ( 11.30%), and a few row houses and other attached homes ( 10.60%).

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 75.54% of Mililani Town's homes, and 68.27% 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 ( 9.66%). A lesser amount of the housing stock also hails from between 2000 and later ( 0.85%).

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 18.24% over the last ten years, which is an average annual home appreciation rate of 1.69%, putting Mililani Town in the top 20% 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.

Over the last year, Mililani Town appreciation rates have trailed the rest of the nation. In the last twelve months, Mililani Town's appreciation rate has been 2.00%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Mililani Town were at 2.24%, which equates to an annual appreciation rate of 9.28%.

Relative to Hawaii, our data show that Mililani Town's latest annual appreciation rate is lower 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:
$626,804

Mililani Town, HI HOME PRICES

Value Range
> $1,207,000 1.5
$905,001 - $1,207,000 6.7
$603,001 - $905,000 53.7
$482,001 - $603,000 11.7
$362,001 - $482,000 14.2
$241,001 - $362,000 10.1
$121,001 - $241,000 0.7
$60,001 - $121,000 0.5
$0 - $60,000 1.1

Average for HI
Very High for Nation

Value Relative to Nation Value Relative to State
3.73558170853094 48.0769230769231

Number Of Homes And Apartments:
8,963

Mililani Town Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
HI*
Compared To
America*
Latest Quarter:
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
Since 2000:
2000 Q1 - 2017 Q2
156.43% 5.53% 6 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,923 / per month

Homeownership Rate

Homeownership
Owners 75.54
Renters 24.46
Vacant 2.29

Housing Market Details

 

Age of Homes

AGE OF Mililani Town HOMES
2000 or Newer 0.9
1970 - 1999 88.8
1940 - 1969 9.7
1939 or Older 0.7

Types of Homes

TYPE OF Mililani Town HOMES
Single-Family 63.1
Townhomes 10.6
Small Apt. Buildings 11.3
Apt. Complexes 14.9
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Mililani Town HOMES
No Bedroom 0.62
1 Bedroom 2.04
2 Bedrooms 22.96
3 Bedrooms 38.56
4 Bedrooms 29.71
5 or more bedrooms 6.12