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Wahiawa, HI Real Estate Market

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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Wahiawa, HI Housing Market Trends

With a population of 18,658, 5,810 total housing units (homes and apartments), and a median house value of $726,740, 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 57.22% of the town's housing units. Other types of housing that are prevalent in Wahiawa include large apartment complexes or high rise apartments ( 27.78%), duplexes, homes converted to apartments or other small apartment buildings ( 8.34%), and a few row houses and other attached homes ( 6.66%).

The most prevalent building size and type in Wahiawa are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 49.55% owning and 50.45% renting.

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 55.96% of the town's housing hails from this era. Other housing ages represented in Wahiawa include homes built between 1970-1999 ( 31.91%) and housing constructed before 1939 ( 7.24%). There's also some housing in Wahiawa built between 2000 and later ( 4.89%).

Wahiawa Home Appreciation Rates

Appreciation rates for homes in Wahiawa have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 86.24%, which ranks in the top 30% nationwide. This equates to an annual average Wahiawa house appreciation rate of 6.42%.

NeighborhoodScout's data show that during the latest twelve months, Wahiawa's appreciation rate, at 15.89%, has been at or slightly above the national average. In the latest quarter, Wahiawa's appreciation rate has been 3.30%, which annualizes to a rate of 13.88%.

Relative to Hawaii, our data show that Wahiawa's latest annual appreciation rate is higher than 50% 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:
$726,740

Wahiawa Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
HI*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
238.69% 5.57%
6
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,835 / per month

Homeownership Rate

Owners
Renters
Vacant
49.6%
49.6%
50.4%
50.4%
6.3%
6.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
4.9%
4.9%
31.9%
31.9%
56.0%
56.0%
7.2%
7.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
57.2%
57.2%
6.7%
6.7%
8.3%
8.3%
27.8%
27.8%
0.0%
0.0%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
4.8%
4.8%
12.0%
12.0%
27.8%
27.8%
36.4%
36.4%
13.8%
13.8%
5.2%
5.2%
0.0% 100.0%
% OF HOMES