Waimanalo, HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Waimanalo, 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 Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

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

Waimanalo Housing Market Information

With a population of 5,676, 1,377 total housing units (homes and apartments), and a median house value of $607,748, real estate costs in Waimanalo 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 Waimanalo, accounting for 68.53% of the town's housing units. Other types of housing that are prevalent in Waimanalo include row houses and other attached homes ( 19.57%), large apartment complexes or high rise apartments ( 10.25%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 1.65%).

The most prevalent building size and type in Waimanalo are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 60.34% owning and 39.66% renting.

There is a lot of housing in Waimanalo 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 Waimanalo built between 1940-1969 ( 32.90%). A lesser amount of the housing stock also hails from between 2000 and later ( 4.95%).

Waimanalo Home Appreciation Rates

In the last 10 years, Waimanalo has experienced some of the highest home appreciation rates of any community in the nation. Waimanalo real estate appreciated 16.79% over the last ten years, which is an average annual home appreciation rate of 1.56%, putting Waimanalo in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Waimanalo 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, Waimanalo appreciation rates have trailed the rest of the nation. In the last twelve months, Waimanalo's appreciation rate has been 1.60%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Waimanalo were at 0.32%, which equates to an annual appreciation rate of 1.29%.

Relative to Hawaii, our data show that Waimanalo's latest annual appreciation rate is lower than 80% of the other cities and towns in Hawaii.

Average Home Values

 

Median Home Value:
$607,748

Waimanalo, HI HOME PRICES

Value Range
> $1,137,000 5.4
$853,001 - $1,137,000 11.0
$569,001 - $853,000 38.7
$455,001 - $569,000 17.5
$341,001 - $455,000 20.3
$228,001 - $341,000 2.4
$114,001 - $228,000 2.0
$57,001 - $114,000 0.6
$0 - $57,000 2.0

Average for HI
Very High for Nation

Value Relative to Nation Value Relative to State
3.79116371733271 48.0769230769231

Number Of Homes And Apartments:
1,377

Waimanalo Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
HI*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
138.13% 5.16% 6 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,791 / per month

Homeownership Rate

Homeownership
Owners 60.34
Renters 39.66
Vacant 1.29

Housing Market Details

 

Age of Homes

AGE OF Waimanalo HOMES
2000 or Newer 4.9
1970 - 1999 61.6
1940 - 1969 32.9
1939 or Older 0.5

Types of Homes

TYPE OF Waimanalo HOMES
Single-Family 68.5
Townhomes 19.6
Small Apt. Buildings 1.6
Apt. Complexes 10.3
Mobile Homes 0.0
Other 0.0

Home Size

SIZE OF Waimanalo HOMES
No Bedroom 0.00
1 Bedroom 3.94
2 Bedrooms 18.21
3 Bedrooms 45.88
4 Bedrooms 23.44
5 or more bedrooms 8.53

Popular Neighborhoods in Waimanalo

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Zip Codes in Waimanalo, HI