Waipahu, HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Waipahu Neighborhoods Since 2000




Waipahu, HI Real Estate Data


Waipahu Housing Market Information

With a population of 39,794, 8,278 total housing units (homes and apartments), and a median house value of $633,090, real estate costs in Waipahu 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 Waipahu, accounting for 50.24% of the town's housing units. Other types of housing that are prevalent in Waipahu include large apartment complexes or high rise apartments ( 31.11%), duplexes, homes converted to apartments or other small apartment buildings ( 11.78%), and a few row houses and other attached homes ( 6.56%).

The most prevalent building size and type in Waipahu are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 53.44% owning and 46.56% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Waipahu's housing was primarily built during this period, from the '40s through the '60s. A full 51.43% of the town's housing hails from this era. Other housing ages represented in Waipahu include homes built between 1970-1999 ( 37.33%) and housing constructed between 2000 and later ( 10.29%).

Waipahu Home Appreciation Rates

In the last 10 years, Waipahu has experienced some of the highest home appreciation rates of any community in the nation. Waipahu real estate appreciated 20.30% over the last ten years, which is an average annual home appreciation rate of 1.87%, putting Waipahu in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Waipahu definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Waipahu that despite a nationwide downturn in the housing market, Waipahu real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Waipahu appreciation rates continue to be some of the highest in America, at 6.54%, which is higher than appreciation rates in 77.13% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Waipahu. Waipahu appreciation rates in the latest quarter were at 0.94%, which equates to an annual appreciation rate of 3.83%.

Relative to Hawaii, our data show that Waipahu's latest annual appreciation rate is higher 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 Waipahu differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Waipahu - 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 Waipahu real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$633,090

Waipahu, HI HOME PRICES

Value Range
> $1,235,000 0.1
$926,001 - $1,235,000 7.6
$617,001 - $926,000 45.0
$494,001 - $617,000 20.5
$370,001 - $494,000 6.1
$247,001 - $370,000 7.6
$123,001 - $247,000 9.8
$62,001 - $123,000 2.3
$0 - $62,000 1.1

High for HI
Very High for Nation

Value Relative to Nation Value Relative to State
3.32825500996133 40.3846153846154

Number Of Homes And Apartments:
8,278

Rent & Ownership

 

Average Market Rent:
$1,717 / per month

Homeownership Rate

Homeownership
Owners 53.44
Renters 46.56
Vacant 4.27

Housing Market Details

 

Age of Homes

AGE OF Waipahu HOMES
2000 or Newer 10.3
1970 - 1999 37.3
1940 - 1969 51.4
1939 or Older 0.9

Types of Homes

TYPE OF Waipahu HOMES
Single-Family 50.2
Townhomes 6.6
Small Apt. Buildings 11.8
Apt. Complexes 31.1
Mobile Homes 0.3
Other 0.0

Home Size

SIZE OF Waipahu HOMES
No Bedroom 1.98
1 Bedroom 8.56
2 Bedrooms 28.46
3 Bedrooms 28.48
4 Bedrooms 14.11
5 or more bedrooms 18.41

Waipahu 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
176.21% 6.07% 9 10
* 10 is highest