Wahiawa, HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Wahiawa Neighborhoods Since 2000




Wahiawa, HI Real Estate Data


Wahiawa Housing Market Information

With 18,557 people, 5,676 houses or apartments, and a median cost of homes of $603,859, real estate costs in Wahiawa 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 Wahiawa, accounting for 55.37% of the town's housing units. Other types of housing that are prevalent in Wahiawa include large apartment complexes or high rise apartments ( 27.57%), row houses and other attached homes ( 8.97%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.98%).

People in Wahiawa primarily live in small (one, two or no bedroom) single-family detached homes. Wahiawa has a mixture of owner-occupied and renter-occupied housing.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Wahiawa's housing was primarily built during this period, from the '40s through the '60s. A full 53.16% of the town's housing hails from this era. Other housing ages represented in Wahiawa include homes built between 1970-1999 ( 38.39%) and housing constructed before 1939 ( 4.91%). There's also some housing in Wahiawa built between 2000 and later ( 3.54%).

Wahiawa Home Appreciation Rates

In the last 10 years, Wahiawa has experienced some of the highest home appreciation rates of any community in the nation. Wahiawa real estate appreciated 19.42% over the last ten years, which is an average annual home appreciation rate of 1.79%, putting Wahiawa in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Wahiawa definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Wahiawa that despite a nationwide downturn in the housing market, Wahiawa real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wahiawa appreciation rates continue to be some of the highest in America, at 9.07%, which is higher than appreciation rates in 95.80% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wahiawa. Wahiawa appreciation rates in the latest quarter were at 1.18%, which equates to an annual appreciation rate of 4.80%.

Relative to Hawaii, our data show that Wahiawa's latest annual appreciation rate is higher 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 Wahiawa differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wahiawa - 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 Wahiawa real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$603,859

Wahiawa, HI HOME PRICES

Value Range
> $1,267,000 0.3
$951,001 - $1,267,000 5.7
$634,001 - $951,000 37.8
$507,001 - $634,000 24.3
$380,001 - $507,000 17.7
$253,001 - $380,000 5.5
$126,001 - $253,000 4.2
$63,001 - $126,000 2.9
$0 - $63,000 1.7

Average for HI
Very High for Nation

Value Relative to Nation Value Relative to State
4.04052233998946 55.7692307692308

Number Of Homes And Apartments:
5,676

Rent & Ownership

 

Average Market Rent:
$1,673 / per month

Homeownership Rate

Homeownership
Owners 46.31
Renters 53.69
Vacant 7.95

Housing Market Details

 

Age of Homes

AGE OF Wahiawa HOMES
2000 or Newer 3.5
1970 - 1999 38.4
1940 - 1969 53.2
1939 or Older 4.9

Types of Homes

TYPE OF Wahiawa HOMES
Single-Family 55.4
Townhomes 9.0
Small Apt. Buildings 8.0
Apt. Complexes 27.6
Mobile Homes 0.1
Other 0.0

Home Size

SIZE OF Wahiawa HOMES
No Bedroom 6.02
1 Bedroom 14.74
2 Bedrooms 29.89
3 Bedrooms 31.09
4 Bedrooms 11.74
5 or more bedrooms 6.52

Wahiawa Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
HI*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
151.03% 5.56% 6 10
* 10 is highest