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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more
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%).
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.
|$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|
|Value Relative to Nation||Value Relative to State|
|Time Period||Total Appreciation||Avg. Annual Rate||
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
2000 Q1 - 2020 Q1
|* 10 is highest|
|AGE OF Waipahu HOMES|
|2000 or Newer||14.0|
|1970 - 1999||36.2|
|1940 - 1969||48.2|
|1939 or Older||1.6|
|TYPE OF Waipahu HOMES|
|Small Apt. Buildings||10.1|
|SIZE OF Waipahu HOMES|
|5 or more bedrooms||13.51|