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 49,325 people, 13,987 houses or apartments, and a median cost of homes of $731,892, real estate costs in Pearl City 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 Pearl City, accounting for 62.87% of the town's housing units. Other types of housing that are prevalent in Pearl City include row houses and other attached homes ( 16.25%), large apartment complexes or high rise apartments ( 14.90%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.64%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Pearl City. Owner-occupied housing accounts for 67.06% of Pearl City's homes, and 69.29% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Pearl City 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 Pearl City built between 1940-1969 ( 37.50%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.94%). There's also some housing in Pearl City built before 1939 ( 1.31%).
In the last 10 years, Pearl City has experienced some of the highest home appreciation rates of any community in the nation. Pearl City real estate appreciated 46.42% over the last ten years, which is an average annual home appreciation rate of 3.89%, putting Pearl City in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Pearl City 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, Pearl City appreciation rates have trailed the rest of the nation. In the last twelve months, Pearl City's appreciation rate has been 3.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Pearl City were at 0.24%, which equates to an annual appreciation rate of 0.96%.
Notably, Pearl City's appreciation rate in the latest quarter is one of the lowest in America.
Relative to Hawaii, our data show that Pearl City's latest annual appreciation rate is lower than 60% 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 Pearl City differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Pearl City - 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 Pearl City real estate investment or home purchase decisions.
|$873,001 - $1,164,000||23.1|
|$582,001 - $873,000||45.5|
|$466,001 - $582,000||9.0|
|$349,001 - $466,000||8.0|
|$233,001 - $349,000||7.2|
|$117,001 - $233,000||1.0|
|$58,001 - $117,000||1.4|
|$0 - $58,000||0.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2020 Q1
|* 10 is highest|
|AGE OF Pearl City HOMES|
|2000 or Newer||4.9|
|1970 - 1999||56.3|
|1940 - 1969||37.5|
|1939 or Older||1.3|
|TYPE OF Pearl City HOMES|
|Small Apt. Buildings||5.6|
|SIZE OF Pearl City HOMES|
|5 or more bedrooms||7.68|