BUILDING THE DREAM OF HOME OWNERSHIP
Saint Louis Heights, Honolulu, HI Homes for Sale
The Palolo Ave/Paalea St neighborhood median real estate price is currently running around $734,000, which is more expensive than nearly 71 percent of the neighborhoods in Hawaii and 96 percent of the neighborhoods in the country.
Average rental price in the Palolo Ave/Paalea St Neighborhood is currently just over 1800 a month, and lower than nearly 62 percent of Hawaii neighborhoods. Most of the residential real estate is occupied by a mixture of owners and renters.
Home and apartment vacancy rates are just under 10 percent in the Palolo Ave/Paalea St neighborhood and lower than almost 47 percent of the neighborhoods in the nation, or approximately near the mid range of vacancies.
The Palolo Ave/Paalea St neighborhood is primarily made up of small studios to two bedroom, and medium sized three or four bedroom single-family homes and town homes. Many of the residences in the Palolo neighborhood are older, well-established, built between 1940 and 1969 and a number of residences were also built between 1970 and 1999.
The Palolo Ave/Paalea St neighborhood is a preferred choice in which to reside for many college students. Due to its popularity among college students who already choose to live here, its walkability, the neighborhood is ideal for prospective or already-enrolled college students. Between semesters and during school breaks, you’ll notice the neighborhoods rhythm fluctuates with the college seasons. For these and other reasons, the neighborhood is rated among the top 5 percent of college-friendly places to live in the state of Hawaii.
Many of those attracted to the Palolo Ave/Paalea St are families with an interest in the University of Hawaii. 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.
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. The rootedness of people in the Palolo Ave/Paalea St neighborhood is strong with more residents living here today that also were living in this same neighborhood five years ago than is found in over 95 percent of neighborhoods throughout the country. This neighborhood is really made up of people who know each other, don’t move often, and have lived here in this very neighborhood for quite a while.
The Palolo Ave/Paalea St is an ideal neighborhood for first-time home buyers in the state of Hawaii. Not only does this neighborhood stand out for combining price and home value stability or increases, it also is a neighborhood with a high quality residential population, meaning this is likely a good place to buy, live and enjoy. While many first time home buyers focus purely on low cost and convenient location, which can risk your investment in your first home and put you in a less than desirable neighborhood, this neighborhood is a true standout for a lot of reasons, and definitely worth a look if you are a first time home buyer. In addition to being an excellent choice for first-time home buyers, this neighborhood is also a very good choice for active retirees.
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WHERE HOME OWNERSHIP HAPPENS IN ST LOUIS HEIGHTS 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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