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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
With a population of 992, 319 total housing units (homes and apartments), and a median house value of $208,824, Pahoa real estate values are some of the lowest in Hawaii, although compared to real estate around the nation, Pahoa homes are still considered rather expensive.
Single-family detached homes are the single most common housing type in Pahoa, accounting for 81.86% of the town's housing units. Other types of housing that are prevalent in Pahoa include duplexes, homes converted to apartments or other small apartment buildings ( 12.01%), mobile homes or trailers ( 4.17%), and a few large apartment complexes or high rise apartments ( 1.96%).
The most prevalent building size and type in Pahoa are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 61.76% owning and 38.24% renting.
There is a lot of housing in Pahoa 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 Pahoa built between 1940-1969 ( 25.00%). A lesser amount of the housing stock also hails from before 1939 ( 11.27%). There's also some housing in Pahoa built between 2000 and later ( 10.78%).
Vacant housing appears to be an issue in Pahoa. Fully 21.81% of the housing stock is classified as vacant. Left unchecked, vacant Pahoa homes and apartments can be a drag on the real estate market, holding Pahoa 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.
Real estate appreciation rates in Pahoa's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.78% during the period.
Over the last year, Pahoa appreciation rates have trailed the rest of the nation. In the last twelve months, Pahoa's appreciation rate has been 1.93%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pahoa were at -0.76%, which equates to an annual appreciation rate of -3.02%.
Notably, Pahoa's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Hawaii, our data show that Pahoa's latest annual appreciation rate is lower than 60% of the other cities and towns in Hawaii.
|$860,001 - $1,147,000||0.5|
|$573,001 - $860,000||6.5|
|$459,001 - $573,000||2.0|
|$344,001 - $459,000||11.7|
|$230,001 - $344,000||26.7|
|$115,001 - $230,000||38.8|
|$57,001 - $115,000||11.1|
|$0 - $57,000||1.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q3 - 2019 Q4
Last 12 Months:
2018 Q4 - 2019 Q4
Last 2 Years:
2017 Q4 - 2019 Q4
Last 5 Years:
2014 Q4 - 2019 Q4
Last 10 Years:
2009 Q4 - 2019 Q4
2000 Q1 - 2019 Q4
|* 10 is highest|
|AGE OF Pahoa HOMES|
|2000 or Newer||10.8|
|1970 - 1999||52.9|
|1940 - 1969||25.0|
|1939 or Older||11.3|
|TYPE OF Pahoa HOMES|
|Small Apt. Buildings||12.0|
|SIZE OF Pahoa HOMES|
|5 or more bedrooms||5.15|