Pearl City, HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Pearl City Neighborhoods Since 2000




Pearl City, 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 Q1 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

Pearl City Housing Market Information

With 49,325 people, 13,894 houses or apartments, and a median cost of homes of $687,727, 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 64.29% of the town's housing units. Other types of housing that are prevalent in Pearl City include large apartment complexes or high rise apartments ( 14.38%), row houses and other attached homes ( 14.18%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.91%).

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 68.33% of Pearl City's homes, and 69.12% 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 ( 37.12%). A lesser amount of the housing stock also hails from between 2000 and later ( 3.39%).

Pearl City Home Appreciation Rates

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 20.07% over the last ten years, which is an average annual home appreciation rate of 1.85%, 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.

NeighborhoodScout's data show that during the latest twelve months, Pearl City's appreciation rate, at 3.40%, has been at or slightly above the national average. In the latest quarter, Pearl City's appreciation rate has been 0.32%, which annualizes to a rate of 1.29%.

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.

Average Home Values

 

Median Home Value:
$687,727

Pearl City, HI HOME PRICES

Value Range
> $1,215,000 2.3
$912,001 - $1,215,000 13.7
$608,001 - $912,000 51.7
$486,001 - $608,000 10.6
$365,001 - $486,000 8.4
$243,001 - $365,000 9.9
$121,001 - $243,000 1.5
$61,001 - $121,000 0.8
$0 - $61,000 1.2

High for HI
Very High for Nation

Value Relative to Nation Value Relative to State
2.75987343255596 26.9230769230769

Number Of Homes And Apartments:
13,894

Pearl City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
HI*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
154.36% 5.56% 7 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,037 / per month

Homeownership Rate

Homeownership
Owners 68.33
Renters 31.67
Vacant 3.06

Housing Market Details

 

Age of Homes

AGE OF Pearl City HOMES
2000 or Newer 3.4
1970 - 1999 58.6
1940 - 1969 37.1
1939 or Older 0.9

Types of Homes

TYPE OF Pearl City HOMES
Single-Family 64.3
Townhomes 14.2
Small Apt. Buildings 6.9
Apt. Complexes 14.4
Mobile Homes 0.2
Other 0.1

Home Size

SIZE OF Pearl City HOMES
No Bedroom 2.78
1 Bedroom 4.13
2 Bedrooms 15.64
3 Bedrooms 50.28
4 Bedrooms 18.84
5 or more bedrooms 8.33