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 about Scout's Real Estate Data
With a population of 14,904, 4,213 total housing units (homes and apartments), and a median house value of $786,276, real estate costs in Schofield Barracks 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.
Row houses and other attached homes are the single most common housing type in Schofield Barracks, accounting for 57.26% of the town's housing units. Other types of housing that are prevalent in Schofield Barracks include duplexes, homes converted to apartments or other small apartment buildings ( 21.39%), large apartment complexes or high rise apartments ( 10.99%), and a few single-family detached homes ( 10.36%). This particular housing mix is relatively uncommon and characteristic of towns that are compact and walkable, and which often have a lively downtown.
Renters dominate Schofield Barracks's housing market, and most live in three of four bedroom dwellings, chiefly found in row houses and other attached homes.
Schofield Barracks homes and real estate are some of the newest in America. 49.58% of Schofield Barracks's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Schofield Barracks real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.38%), and between 1940-1969 ( 13.36%). There's also some housing in Schofield Barracks built before 1939 ( 4.68%).
Real estate appreciation rates in Schofield Barracks's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 5.50% during the period.
Over the last year, Schofield Barracks appreciation rates have trailed the rest of the nation. In the last twelve months, Schofield Barracks's appreciation rate has been -3.44%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Schofield Barracks were at 0.83%, which equates to an annual appreciation rate of 3.36%.
Relative to Hawaii, our data show that Schofield Barracks'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 Schofield Barracks differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Schofield Barracks - 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 Schofield Barracks real estate investment or home purchase decisions.
$786,276
$4,775 / per month