BUILDING THE DREAM OF HOME OWNERSHIP
Punahou St/Clark St Neighborhood
Manoa, Honolulu, HI Homes for Sale
The Punahou St/Clark St area median real estate price is slightly over $518,000, which is more expensive than 40 percent of the neighborhoods in Hawaii and 92 percent of the neighborhoods in the U.S.
The average rental price in Punahou St/Clark St is currently running at or near $2,500 a month and higher than over 78 percent of the neighborhoods in Hawaii. Most of the residential real estate is occupied by a mixture of owners and renters.
Vacant apartments or homes are a fact of life in Punahou St/Clark St. The current real estate vacancy rate here is near 20 percent and higher than the rate of vacancies in nearly 85 percent of all neighborhoods across the country. Most vacant housing here is vacant year round due largely in part to the areas high second/vacation home occupancy.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and flair. For example, one might notice whether the buildings all date from a certain time period.
Punahou St/Clark St real estate is primarily made up of small studios to two bedroom and medium sized three or four bedroom condominium developments, high-rises and apartments. Many of the residences in the Punahou St/Clark St neighborhood are older, well-established, built between 1940 and 1969, with a number of residences were also built between 1970 and 1999.
The Punahou St/Clark St area is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of single family home or condominium sizes from small to large, but here the concentration of studios and other small living spaces is at near-record highs. With 95.2 percent of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in America share this characteristic.
One of the most interesting things about the Punahou St/Clark St neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With more than 60 percent of the residents here made up of people living alone, this is a larger proportion of people living alone than any other neighborhood in the country.
If you’re nearing retirement age, or in retirement, the Punahou St/Clark St neighborhood is an excellent choice to consider for top-quality retirement living in Hawaii, combining peace and quiet, and offering diverse housing options from which retirees can choose. Because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups, this neighborhood is a top-notch place to consider.
In the Punahou St/Clark St neighborhood, walking to work is a real option for many. In fact, walking to and from work is the chosen way to commute for over 13 percent of residents here.
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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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