Pearl City HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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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 Q2 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Pearl City Housing Market Information

With a population of 49,325, 14,016 total housing units (homes and apartments), and a median house value of $713,259, 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 64.00% of the town's housing units. Other types of housing that are prevalent in Pearl City include row houses and other attached homes ( 15.47%), large apartment complexes or high rise apartments ( 14.84%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.46%).

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 67.46% of Pearl City's homes, and 69.34% 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 ( 37.22%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.79%). There's also some housing in Pearl City built before 1939 ( 1.25%).

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 35.71% over the last ten years, which is an average annual home appreciation rate of 3.10%, 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 1.44%, 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 0.68%, which equates to an annual appreciation rate of 2.73%.

Relative to Hawaii, our data show that Pearl City's latest annual appreciation rate is lower than 80% 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:
$713,259

Pearl City, HI HOME PRICES

Value Range
> $1,161,000 3.9
$871,001 - $1,161,000 19.3
$581,001 - $871,000 47.7
$465,001 - $581,000 10.2
$348,001 - $465,000 8.8
$232,001 - $348,000 7.4
$116,001 - $232,000 1.0
$58,001 - $116,000 0.7
$0 - $58,000 1.1

High for HI
Very High for Nation

Value Relative to Nation Value Relative to State
3.11240875912409 36.3636363636364

Number Of Homes And Apartments:
14,016

Pearl City Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
HI*
Compared To
America*
Latest Quarter:
2019 Q1 - 2019 Q2
Last 12 Months:
2018 Q2 - 2019 Q2
Last 2 Years:
2017 Q2 - 2019 Q2
Last 5 Years:
2014 Q2 - 2019 Q2
Last 10 Years:
2009 Q2 - 2019 Q2
Since 2000:
2000 Q1 - 2019 Q2
166.86% 5.16%
6
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,166 / per month

Homeownership Rate

Homeownership
Owners 67.46
Renters 32.54
Vacant 3.44

Housing Market Details

 

Age of Homes

AGE OF Pearl City HOMES
2000 or Newer 4.8
1970 - 1999 56.7
1940 - 1969 37.2
1939 or Older 1.3

Types of Homes

TYPE OF Pearl City HOMES
Single-Family 64.0
Townhomes 15.5
Small Apt. Buildings 5.5
Apt. Complexes 14.8
Mobile Homes 0.2
Other 0.1

Home Size

SIZE OF Pearl City HOMES
No Bedroom 3.75
1 Bedroom 4.06
2 Bedrooms 14.58
3 Bedrooms 50.25
4 Bedrooms 19.09
5 or more bedrooms 8.26