BUILDING THE DREAM OF HOME OWNERSHIP
Kaimuki, Honolulu, HI Homes for Sale
The Kaimuki/Chaminade U of Honolulu area median real estate price is near $774,000, which is more expensive than three quarters of the neighborhoods in Hawaii and over 96 percent of the neighborhoods in America.
The average rental price in Kaimuki/Chaminade U of Honolulu area is currently near $1700 a month and lower in price than nearly 70 percent of Hawaii’s neighborhoods. Most of the residential real estate is occupied by a mixture of owners and renters.
In the Kaimuki/Chaminade U of Honolulu neighborhood, the current vacancy rate is over just a mere two percent, which is a lower rate of vacancies than over 91 percent of all neighborhoods in the country. This means that the housing supply in Kaimuki/Chaminade U of Honolulu is very tight compared to the demand for homes.
Kaimuki/Chaminade U of Honolulu real estate is primarily made up of small studios to two bedroom and medium sized three or four bedroom single-family homes, condominium developments and high-rise apartments. Many of the residences in the Kaimuki/Chaminade U of Honolulu area homes are established, but not old and built between 1970 and 1999, with a number of residences between 1940 and 1969.
Many home buyers coming into the area are affiliated with the Chaminade University of Honolulu or have children going to one of the private or public centers of higher education in the Manoa area. 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.
The Kaimuki/Chaminade U of Honolulu 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.
Hawaii Homes for Sale
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WHERE HOME OWNERSHIP HAPPENS IN KAIMUKI 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 from by Wes McKibbon at The Home Buyer’s Korner, nor can we or do we validate the accuracy. The Home Buyer’s Korner is not a real estate brokerage, mortgage lender, general contractor, lawyer, accountant, appraiser, surveyor or any other licensed based professionals, but is an industry leader and a highly respected retired FHA underwriter. If you have a specific question regarding one of those areas, you should seek advice from a licensed member of that particular profession. This page and all other pages posted by Wes McKibbon 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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