BUILDING THE DREAM OF HOME OWNERSHIP
Manoa, Honolulu, HI Homes for Sale
U of Hawaii at Manoa/University Ave area median real estate price is $608,000, which is more expensive than 53 percent of the neighborhoods in Hawaii and nearly 94 percent of the neighborhoods in the country.
The average rental price in U of Hawaii at Manoa/University Ave is currently running at nearly $1,850 a month, and rents here are currently lower in price than 53 percent of Hawaii neighborhoods. Most of the residential real estate is renter occupied, and nearly 88 percent of the real estate in the U of Hawaii at Manoa/University Ave neighborhood is occupied by renters, which is about the highest rate of renter occupancy of any neighborhood in America.
Real estate vacancies in U of Hawaii at Manoa/University Ave are running at six percent, which is lower than one will find in 65 percent of American neighborhoods. Demand for real estate in U of Hawaii at Manoa/University Ave is above average, and signals a demand for either price increases or new construction of residential homes.
U of Hawaii at Manoa/University Ave real estate is primarily made up of small studios to two bedroom and medium sized three or four bedroom condominium developments, high-rises and single-family homes. Many of the residences in the U of Hawaii at Manoa/University Ave neighborhood are older, well-established, built between 1940 and 1969.with a number of residences built between 1970 and 1999.
Many things matter about a neighborhood, but the first thing most people notice is a neighborhood’s particular character or flair. For example, one might notice whether the buildings all date from a certain time period, and this particular neighborhood in Honolulu, has some outstanding things about the way it looks and its way of life that are worth highlighting.
How much and how often people move not only can create diverse and worldly neighborhoods. This neighborhood is unique with regard to the transience of its populace. In the U of Hawaii at Manoa/University Ave neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in over 98 percent of all American neighborhoods.
The U of Hawaii at Manoa/University Ave neighborhood has a greater concentration of residents currently enrolled in college than over 99 percent of the neighborhoods in America. An amazing 58 percent of the population is attending college here, and very much a college-focused neighborhood.
Many home buyers coming into the area are affiliated with the University of Hawaii or have children going to one of the private schools. If you have a college bound child check out this blog post on Kiddie Condos and see if it’s something that’s right for you.
In the U of Hawaii at Manoa/University Ave neighborhood, walking to work is a real option. In fact, walking to and from work is the chosen way to commute for more than a quarter the local residents.
If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.5 percent of residents in the U of Hawaii at Manoa/University Ave neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than over 95 percent of all neighborhoods across the country.
Finally, nearly 16 percent of commuters here take the bus to work. If you like the idea of leaving your car and home and hopping the bus, this might be a good neighborhood for you to consider.
Hawaii Homes for Sale
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WHERE HOME OWNERSHIP HAPPENS IN MANOA, HONOLULU
Information posted on realtyuniversal.com by Wes McKibbon at The Home Buyer’s Korner are for educational purposes only. Every situation can be different and can be unique to a reader’s particular needs; do not consider anything you read on realtyuniversal.com as absolute or partial advice for your specific needs. Seek the advice of a qualified and suitable professional in your area for advice particular to your situation. The advice given may not produce the same results in your area and the information given here is not intended to cover all aspects of any given topic. Nathalie Mullinix REALTY UNIVERSAL, Inc., cannot be held responsible for the opinions and advice posted by Wes McKibbon at The Home Buyer’s Korner, nor can we or do we validate the accuracy. Wes McKibbon nor The Home Buyer’s Korner are a real estate brokerage, mortgage lender, general contractor, lawyer, accountant, appraiser, surveyor or any other licensed based profession, but are industry leaders and Wes is a highly respected retired FHA direct endorsement underwriter. If you have a specific question regarding any of these posts, you should seek advice from a licensed member of that particular profession. This page and all other pages posted by Wes McKibbon of The Home Buyer’s Korner are intended for educational purposes only including discussion, suggestions, ideas, etc., to better serve interested parties that have chosen independently to engage in active participation.
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