Waianae HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Waianae, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Waianae Housing Market Information

With 13,721 people, 3,201 houses or apartments, and a median cost of homes of $477,040, real estate costs in Waianae 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 Waianae, accounting for 66.17% of the town's housing units. Other types of housing that are prevalent in Waianae include large apartment complexes or high rise apartments ( 19.19%), duplexes, homes converted to apartments or other small apartment buildings ( 9.70%), and a few row houses and other attached homes ( 4.73%).

The most prevalent building size and type in Waianae are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 58.73% owning and 41.27% renting.

There is a lot of housing in Waianae 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 Waianae built between 1940-1969 ( 21.45%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.75%). There's also some housing in Waianae built before 1939 ( 2.41%).

Waianae Home Appreciation Rates

In the last 10 years, Waianae has experienced some of the highest home appreciation rates of any community in the nation. Waianae real estate appreciated 53.37% over the last ten years, which is an average annual home appreciation rate of 4.37%, putting Waianae in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Waianae 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, Waianae appreciation rates have trailed the rest of the nation. In the last twelve months, Waianae's appreciation rate has been 1.90%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Waianae were at 0.47%, which equates to an annual appreciation rate of 1.89%.

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

Average Home Values

 

Median Home Value:
$477,040

Waianae, HI HOME PRICES

Value Range
> $1,231,000 1.0
$923,001 - $1,231,000 4.2
$616,001 - $923,000 16.3
$492,001 - $616,000 16.6
$369,001 - $492,000 22.7
$246,001 - $369,000 17.5
$123,001 - $246,000 19.1
$62,001 - $123,000 1.3
$0 - $62,000 1.3

Low for HI
Very High for Nation

Value Relative to Nation Value Relative to State
8.62481751824818 80.0

Number Of Homes And Apartments:
3,201

Waianae Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
HI*
Compared To
America*
Latest Quarter:
2020 Q1 - 2020 Q2
Last 12 Months:
2019 Q2 - 2020 Q2
Last 2 Years:
2018 Q2 - 2020 Q2
Last 5 Years:
2015 Q2 - 2020 Q2
Last 10 Years:
2010 Q2 - 2020 Q2
Since 2000:
2000 Q1 - 2020 Q2
226.65% 5.94%
9
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,807 / per month

Homeownership Rate

Homeownership
Owners 58.73
Renters 41.27
Vacant 4.76

Housing Market Details

 

Age of Homes

AGE OF Waianae HOMES
2000 or Newer 16.8
1970 - 1999 59.4
1940 - 1969 21.5
1939 or Older 2.4

Types of Homes

TYPE OF Waianae HOMES
Single-Family 66.2
Townhomes 4.7
Small Apt. Buildings 9.7
Apt. Complexes 19.2
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Waianae HOMES
No Bedroom 4.43
1 Bedroom 5.98
2 Bedrooms 16.57
3 Bedrooms 40.52
4 Bedrooms 25.17
5 or more bedrooms 7.32