Wailuku, HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Wailuku, HI Real Estate Data


Wailuku Housing Market Information

With 16,122 people, 5,754 houses or apartments, and a median cost of homes of $641,202, 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 Home Appreciation Rates

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 -1.25%, which is lower than 70% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Wailuku's appreciation rate, at 3.40%, has been at or slightly above the national average. In the latest quarter, Wailuku's appreciation rate has been 2.08%, which annualizes to a rate of 8.58%.

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 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.

Average Home Values

 

Median Home Value:
$641,202

Wailuku, HI HOME PRICES

Value Range
> $1,255,000 0.9
$941,001 - $1,255,000 7.5
$628,001 - $941,000 27.8
$502,001 - $628,000 18.4
$376,001 - $502,000 21.9
$251,001 - $376,000 11.1
$125,001 - $251,000 9.7
$63,001 - $125,000 0.6
$0 - $63,000 1.1

High for HI
Very High for Nation

Value Relative to Nation Value Relative to State
3.20520332825501 38.4615384615385

Number Of Homes And Apartments:
5,754

Rent & Ownership

 

Average Market Rent:
$1,524 / per month

Homeownership Rate

Homeownership
Owners 57.12
Renters 42.88
Vacant 8.40

Housing Market Details

 

Age of Homes

AGE OF Wailuku HOMES
2000 or Newer 24.8
1970 - 1999 41.8
1940 - 1969 27.6
1939 or Older 5.8

Types of Homes

TYPE OF Wailuku HOMES
Single-Family 62.0
Townhomes 5.8
Small Apt. Buildings 7.2
Apt. Complexes 25.0
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Wailuku HOMES
No Bedroom 4.08
1 Bedroom 17.64
2 Bedrooms 19.91
3 Bedrooms 38.52
4 Bedrooms 14.79
5 or more bedrooms 5.06

Wailuku Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
HI*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
103.50% 4.20% 2 10
* 10 is highest

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Zip Codes in Wailuku, HI