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, 6,147 houses or apartments, and a median cost of homes of $746,298, 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 58.91% of the town's housing units. Other types of housing that are prevalent in Wailuku include large apartment complexes or high rise apartments ( 26.94%), duplexes, homes converted to apartments or other small apartment buildings ( 8.01%), and a few row houses and other attached homes ( 5.63%).
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 57.77% owning and 42.23% 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 ( 30.51%). A lesser amount of the housing stock also hails from between 1940-1969 ( 21.31%). There's also some housing in Wailuku built before 1939 ( 6.07%).
In the last 10 years, Wailuku has experienced some of the highest home appreciation rates of any community in the nation. Wailuku real estate appreciated 55.54% over the last ten years, which is an average annual home appreciation rate of 4.52%, putting Wailuku in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Wailuku 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, Wailuku appreciation rates have trailed the rest of the nation. In the last twelve months, Wailuku's appreciation rate has been 3.73%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wailuku were at 3.20%, which equates to an annual appreciation rate of 13.41%.
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 lower than 60% 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.
|$928,001 - $1,237,000||10.8|
|$618,001 - $928,000||36.8|
|$495,001 - $618,000||16.3|
|$371,001 - $495,000||13.7|
|$247,001 - $371,000||13.2|
|$124,001 - $247,000||2.9|
|$62,001 - $124,000||0.4|
|$0 - $62,000||0.6|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
2019 Q4 - 2020 Q1
Last 12 Months:
2019 Q1 - 2020 Q1
Last 2 Years:
2018 Q1 - 2020 Q1
Last 5 Years:
2015 Q1 - 2020 Q1
Last 10 Years:
2010 Q1 - 2020 Q1
2000 Q1 - 2020 Q1
|* 10 is highest|
|AGE OF Wailuku HOMES|
|2000 or Newer||30.5|
|1970 - 1999||42.1|
|1940 - 1969||21.3|
|1939 or Older||6.1|
|TYPE OF Wailuku HOMES|
|Small Apt. Buildings||8.0|
|SIZE OF Wailuku HOMES|
|5 or more bedrooms||2.57|