Waipahu HI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Waipahu, 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 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

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

Waipahu Housing Market Information

With 39,794 people, 8,205 houses or apartments, and a median cost of homes of $730,906, 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 47.22% of the town's housing units. Other types of housing that are prevalent in Waipahu include large apartment complexes or high rise apartments ( 34.59%), duplexes, homes converted to apartments or other small apartment buildings ( 10.10%), and a few row houses and other attached homes ( 7.61%).

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 50.88% owning and 49.12% 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 48.22% of the town's housing hails from this era. Other housing ages represented in Waipahu include homes built between 1970-1999 ( 36.18%) and housing constructed between 2000 and later ( 13.96%). There's also some housing in Waipahu built before 1939 ( 1.64%).

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 48.08% over the last ten years, which is an average annual home appreciation rate of 4.00%, 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.

Over the last year, Waipahu appreciation rates have trailed the rest of the nation. In the last twelve months, Waipahu's appreciation rate has been 2.45%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Waipahu were at 0.24%, which equates to an annual appreciation rate of 0.96%.

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

Relative to Hawaii, our data show that Waipahu's latest annual appreciation rate is lower than 70% 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:
$730,906

Waipahu, HI HOME PRICES

Value Range
> $1,185,000 1.8
$889,001 - $1,185,000 15.5
$592,001 - $889,000 49.6
$474,001 - $592,000 10.3
$355,001 - $474,000 3.0
$237,001 - $355,000 8.9
$119,001 - $237,000 8.4
$59,001 - $119,000 1.4
$0 - $59,000 1.0

High for HI
Very High for Nation

Value Relative to Nation Value Relative to State
3.02481751824818 38.1818181818182

Number Of Homes And Apartments:
8,205

Waipahu Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
HI*
Compared To
America*
Latest Quarter:
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
Since 2000:
2000 Q1 - 2020 Q1
209.24% 5.73%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,909 / per month

Homeownership Rate

Homeownership
Owners 50.88
Renters 49.12
Vacant 5.19

Housing Market Details

 

Age of Homes

AGE OF Waipahu HOMES
2000 or Newer 14.0
1970 - 1999 36.2
1940 - 1969 48.2
1939 or Older 1.6

Types of Homes

TYPE OF Waipahu HOMES
Single-Family 47.2
Townhomes 7.6
Small Apt. Buildings 10.1
Apt. Complexes 34.6
Mobile Homes 0.4
Other 0.1

Home Size

SIZE OF Waipahu HOMES
No Bedroom 2.88
1 Bedroom 7.06
2 Bedrooms 31.44
3 Bedrooms 30.34
4 Bedrooms 14.77
5 or more bedrooms 13.51