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, 6,142 houses or apartments, and a median cost of homes of $734,883, 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 57.76% of the town's housing units. Other types of housing that are prevalent in Wailuku include large apartment complexes or high rise apartments ( 27.90%), duplexes, homes converted to apartments or other small apartment buildings ( 8.43%), and a few row houses and other attached homes ( 5.27%).
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 55.98% owning and 44.02% 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 2000 and later ( 28.38%). A lesser amount of the housing stock also hails from between 1940-1969 ( 22.71%). There's also some housing in Wailuku built before 1939 ( 7.45%).
Appreciation rates for homes in Wailuku have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 22.93%, which ranks in the top 40% nationwide. This equates to an annual average Wailuku house appreciation rate of 2.09%.
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 9.80%, which is higher than appreciation rates in 90.88% 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 6.72%, which equates to an annual appreciation rate of 29.72%.
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 90% 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.
|$984,001 - $1,311,000||9.5|
|$656,001 - $984,000||27.7|
|$525,001 - $656,000||20.2|
|$393,001 - $525,000||19.3|
|$262,001 - $393,000||13.5|
|$131,001 - $262,000||4.9|
|$66,001 - $131,000||0.5|
|$0 - $66,000||1.1|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2018 Q3 - 2018 Q4
Last 12 Months:
2017 Q4 - 2018 Q4
Last 2 Years:
2016 Q4 - 2018 Q4
Last 5 Years:
2013 Q4 - 2018 Q4
Last 10 Years:
2008 Q4 - 2018 Q4
2000 Q1 - 2018 Q4
|* 10 is highest|
|AGE OF Wailuku HOMES|
|2000 or Newer||28.4|
|1970 - 1999||41.5|
|1940 - 1969||22.7|
|1939 or Older||7.5|
|TYPE OF Wailuku HOMES|
|Small Apt. Buildings||8.4|
|SIZE OF Wailuku HOMES|
|5 or more bedrooms||3.33|