Waianae, HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
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Highest Appreciating Waianae Neighborhoods Since 2000




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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (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, 3,030 houses or apartments, and a median cost of homes of $409,410, 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 71.59% of the town's housing units. Other types of housing that are prevalent in Waianae include large apartment complexes or high rise apartments ( 12.85%), duplexes, homes converted to apartments or other small apartment buildings ( 8.28%), and a few row houses and other attached homes ( 7.12%).

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 62.28% owning and 37.72% 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 ( 21.86%). A lesser amount of the housing stock also hails from between 2000 and later ( 16.03%). There's also some housing in Waianae built before 1939 ( 2.43%).

Waianae Home Appreciation Rates

Appreciation rates for homes in Waianae have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 5.93%, which ranks in the top 40% nationwide. This equates to an annual average Waianae house appreciation rate of 0.58%.

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 1.74%, 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 0.32%, which equates to an annual appreciation rate of 1.29%.

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:
$409,410

Waianae, HI HOME PRICES

Value Range
> $1,241,000 1.5
$930,001 - $1,241,000 2.1
$620,001 - $930,000 7.5
$496,001 - $620,000 12.0
$372,001 - $496,000 28.4
$248,001 - $372,000 22.4
$124,001 - $248,000 20.2
$62,001 - $124,000 4.4
$0 - $62,000 1.6

Low for HI
Very High for Nation

Value Relative to Nation Value Relative to State
9.04136880346888 80.7692307692308

Number Of Homes And Apartments:
3,030

Waianae Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
HI*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
179.25% 6.13% 9 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,421 / per month

Homeownership Rate

Homeownership
Owners 62.28
Renters 37.72
Vacant 4.57

Housing Market Details

 

Age of Homes

AGE OF Waianae HOMES
2000 or Newer 16.0
1970 - 1999 59.7
1940 - 1969 21.9
1939 or Older 2.4

Types of Homes

TYPE OF Waianae HOMES
Single-Family 71.6
Townhomes 7.1
Small Apt. Buildings 8.3
Apt. Complexes 12.9
Mobile Homes 0.2
Other 0.0

Home Size

SIZE OF Waianae HOMES
No Bedroom 2.55
1 Bedroom 7.65
2 Bedrooms 15.09
3 Bedrooms 39.78
4 Bedrooms 24.88
5 or more bedrooms 10.05