Wailuku, HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Wailuku, 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 Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Wailuku Housing Market Information

With a population of 16,122, 5,870 total housing units (homes and apartments), and a median house value of $690,305, 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 58.11% of the town's housing units. Other types of housing that are prevalent in Wailuku include large apartment complexes or high rise apartments ( 26.97%), duplexes, homes converted to apartments or other small apartment buildings ( 8.28%), and a few row houses and other attached homes ( 6.08%).

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 55.91% owning and 44.09% 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 ( 27.89%). A lesser amount of the housing stock also hails from between 1940-1969 ( 24.66%). There's also some housing in Wailuku built before 1939 ( 5.11%).

Wailuku Home Appreciation Rates

Real estate appreciation rates in Wailuku's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 1.14% during the period.

NeighborhoodScout's data show that during the latest twelve months, Wailuku's appreciation rate, at 6.47%, has been at or slightly above the national average. In the latest quarter, Wailuku's appreciation rate has been -0.78%, which annualizes to a rate of -3.10%.

Notably, Wailuku's appreciation rate in the latest quarter is one of the lowest in America.

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.

Average Home Values

 

Median Home Value:
$690,305

Wailuku, HI HOME PRICES

Value Range
> $1,322,000 2.4
$992,001 - $1,322,000 9.1
$661,001 - $992,000 28.1
$529,001 - $661,000 19.4
$396,001 - $529,000 18.7
$265,001 - $396,000 12.7
$132,001 - $265,000 7.8
$66,001 - $132,000 0.5
$0 - $66,000 1.3

Average for HI
Very High for Nation

Value Relative to Nation Value Relative to State
3.52116788321168 43.6363636363636

Number Of Homes And Apartments:
5,870

Wailuku Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
HI*
Compared To
America*
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
128.50% 4.51%
3
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,690 / per month

Homeownership Rate

Homeownership
Owners 55.91
Renters 44.09
Vacant 8.28

Housing Market Details

 

Age of Homes

AGE OF Wailuku HOMES
2000 or Newer 27.9
1970 - 1999 42.3
1940 - 1969 24.7
1939 or Older 5.1

Types of Homes

TYPE OF Wailuku HOMES
Single-Family 58.1
Townhomes 6.1
Small Apt. Buildings 8.3
Apt. Complexes 27.0
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF Wailuku HOMES
No Bedroom 4.78
1 Bedroom 17.81
2 Bedrooms 21.17
3 Bedrooms 36.89
4 Bedrooms 15.09
5 or more bedrooms 4.25

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Zip Codes in Wailuku, HI