BUILDING THE DREAM OF HOME OWNERSHIP
Manoa, Honolulu, HI Homes for Sale
The Manoa median real estate prices range from $518,000 to $1,137,000, which is more expensive than 94.5 percent of the neighborhoods in Hawaii and 98.6 percent of the neighborhoods across America.
The average rental price is currently ranging from $1650 to $2,700 a month. Rental prices here are currently lower than 51.9 percent of Hawaii neighborhoods. Most of the residential real estate is owner occupied, and many have lived in the area for generations and the locals take a lot of pride in caring for their properties.
The vacancy rate is just under four percent, which is a lower rate of vacancies than 84 percent of all neighborhoods in America, and suggest the housing supply in Manoa is very tight.
Manoa real estate is primarily made up of medium sized three or four bedroom and large four, five or more bedroom single-family homes and townhomes. Many of the residences in Manoa are older, well-established, built between 1940 and 1969, with a number of residences being constructed in a second wave between 1970 and 1999.
If you are planning to retire in Hawaii, this neighborhood should be on your must-see list. For many reasons, Manoa may be considered a retiree’s dream neighborhood. It’s peaceful and quiet, compared to other neighborhoods in Hawaii, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, puts this neighborhood in the top five percent of retirees-friendlier neighborhoods in Hawaii.
As an older established neighborhood, Manoa has a variety of styles including homes on the Historic Registry, mansions, Manoa charmers, renovated and expanded homes, as well as homes still in their original condition waiting for someone to give them their personal touch. If that’s you, be sure to ask your lender about the great home renovation financing options like the FHA 203K or FNMA HomeStyle program. You’ll also want to explore your options when hiring a general contractor.
Manoa’s rare collection of homes, some a century old, comes in the form of mansions and small cottages alike and are probably the area’s proudest treasure and the mission of Malama Manoa is to preserve, protect and enhance the special qualities of the Historic Manoa Valley, and promote community to celebrate the valley’s cultural diversity and heritage.
Manoa is one of the last communities to have a lot of historic homes and every two years, Malama Manoa sponsors a walking tour of historic Manoa neighborhoods to the public. The collection of lovingly preserved and restored homes is usually within a mile radius, and easily walk-able for self-guided tours. A can’t miss for those who appreciate historic preservation efforts and classical architecture. The walking tour is used as a fundraiser and attendees number in the hundreds.
In addition to the University of Hawaii, other Manoa schools in the area include Punahou School, Mid Pacific Institute, Maryknoll, St. Francis, as well as two public elementary schools — Noelani and Manoa.
Many of those attracted to Manoa are teachers, professors, administrators or families with an interest in one of the schools for their children and many coming into the valley are affiliated with the University of Hawaii or has a child 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.
Founded by a group of graduate students from the Theatre Department at the University of Hawaii, the Manoa Valley Theatre was born from a love of performing arts and a desire to entertain and enrich Hawaii’s audiences and artists through the production and promotion of live theatre. Now in its 45th consecutive season, the Manoa Valley Theatre is one of the most celebrated theaters in Honolulu. Its focus is on contemporary mainstream Broadway and Off-Broadway shows, and offering opportunities to get involved in all areas of stage production. The annual season runs from September through August, with six or more productions per year.
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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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