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
With 16,122 people, 5,754 houses or apartments, and a median cost of homes of $686,200, real estate costs in Wailuku 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 Wailuku, accounting for 61.95% of the town's housing units. Other types of housing that are prevalent in Wailuku include large apartment complexes or high rise apartments ( 25.02%), duplexes, homes converted to apartments or other small apartment buildings ( 7.18%), and a few row houses and other attached homes ( 5.84%).
The most prevalent building size and type in Wailuku are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 57.12% owning and 42.88% renting.
There is a lot of housing in Wailuku 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 Wailuku built between 1940-1969 ( 27.62%). A lesser amount of the housing stock also hails from between 2000 and later ( 24.79%). There's also some housing in Wailuku built before 1939 ( 5.81%).
Wailuku's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Wailuku during the period has been just -0.61%, which is lower than 70% of US communities.
Appreciation rates are so strong in Wailuku that despite a nationwide downturn in the housing market, Wailuku real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Wailuku appreciation rates continue to be some of the highest in America, at 9.46%, which is higher than appreciation rates in 90.40% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Wailuku. Wailuku appreciation rates in the latest quarter were at 7.53%, which equates to an annual appreciation rate of 33.71%.
Importantly, this makes Wailuku one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Hawaii, our data show that Wailuku's latest annual appreciation rate is higher 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 Wailuku differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Wailuku - 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 Wailuku real estate investment or home purchase decisions.
|$1,007,001 - $1,343,000||7.5|
|$672,001 - $1,007,000||27.8|
|$537,001 - $672,000||18.4|
|$403,001 - $537,000||21.9|
|$268,001 - $403,000||11.1|
|$134,001 - $268,000||9.7|
|$67,001 - $134,000||0.6|
|$0 - $67,000||1.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2017 Q1 - 2017 Q2
Last 12 Months:
2016 Q2 - 2017 Q2
Last 2 Years:
2015 Q2 - 2017 Q2
Last 5 Years:
2012 Q2 - 2017 Q2
Last 10 Years:
2007 Q2 - 2017 Q2
2000 Q1 - 2017 Q2
|* 10 is highest|
|AGE OF Wailuku HOMES|
|2000 or Newer||24.8|
|1970 - 1999||41.8|
|1940 - 1969||27.6|
|1939 or Older||5.8|
|TYPE OF Wailuku HOMES|
|Small Apt. Buildings||7.2|
|SIZE OF Wailuku HOMES|
|5 or more bedrooms||5.06|