Haiku-Pauwela, HI Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Haiku-Pauwela, HI Housing Market Trends

With 8,547 people, 3,152 houses or apartments, and a median cost of homes of $939,147, Haiku-Pauwela house prices are not only among the most expensive in Hawaii, Haiku-Pauwela real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Haiku-Pauwela, accounting for 92.28% of the town's housing units. Other types of housing that are prevalent in Haiku-Pauwela include duplexes, homes converted to apartments or other small apartment buildings ( 4.28%), row houses and other attached homes ( 2.65%).

The most prevalent building size and type in Haiku-Pauwela are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 59.26% owning and 40.74% renting.

There is a lot of housing in Haiku-Pauwela 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 Haiku-Pauwela built between 2000 and later ( 24.54%). A lesser amount of the housing stock also hails from before 1939 ( 13.24%). There's also some housing in Haiku-Pauwela built between 1940-1969 ( 9.33%).

Vacant housing appears to be an issue in Haiku-Pauwela. Fully 11.19% of the housing stock is classified as vacant. Left unchecked, vacant Haiku-Pauwela homes and apartments can be a drag on the real estate market, holding Haiku-Pauwela real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Haiku-Pauwela Home Appreciation Rates

In the last 10 years, Haiku-Pauwela has experienced some of the highest home appreciation rates of any community in the nation. Haiku-Pauwela real estate appreciated 63.81% over the last ten years, which is an average annual home appreciation rate of 5.06%, putting Haiku-Pauwela in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Haiku-Pauwela definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

NeighborhoodScout's data show that during the latest twelve months, Haiku-Pauwela's appreciation rate, at 5.88%, has been at or slightly above the national average. In the latest quarter, Haiku-Pauwela's appreciation rate has been 2.49%, which annualizes to a rate of 10.35%.

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

Average Home Values

 

Median Home Value:
$939,147

Haiku-Pauwela Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
HI*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
143.13% 4.32%
2
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$2,968 / per month

Homeownership Rate

Owners
59.3%
59.3%
Renters
40.7%
40.7%
Vacant
11.2%
11.2%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
24.5%
24.5%
1970 - 1999
52.9%
52.9%
1940 - 1969
9.3%
9.3%
1939 or Older
13.2%
13.2%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
92.3%
92.3%
Townhomes
2.6%
2.6%
Small Apt. Buildings
4.3%
4.3%
Apt. Complexes
0.8%
0.8%
Mobile Homes
0.0%
0.0%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
9.4%
9.4%
1 Bedroom
9.0%
9.0%
2 Bedrooms
23.7%
23.7%
3 Bedrooms
36.2%
36.2%
4 Bedrooms
16.7%
16.7%
5 or more bedrooms
5.1%
5.1%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Haiku-Pauwela

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Zip Codes in Haiku-Pauwela, HI