BUILDING THE DREAM OF HOME OWNERSHIP
Moiliili, Honolulu, HI Homes for Sale
The Moiliili area median real estate price is $404,500, which is less expensive than over 68 percent of Hawaii neighborhoods and nearly 10 percent of all neighborhoods in America.
Average rental prices in Moiliili are near $1,700 a month and lower in price than 70 percent of Hawaii neighborhoods. Most of the residential real estate is renter occupied. Furthermore, renter-occupied real estate is dominant in the Moiliili neighborhood. The percentage of rental real estate here is over 82 percent, which is higher than 95 percent of the neighborhoods in America.
In Moiliili, the current vacancy rate comes in at just under a mere two percent, which is a lower rate of vacancies than 93 percent of all neighborhoods in the country. This means that the housing supply in Moiliili is very tight compared to the demand for property here.
Moiliili real estate area is primarily made up of small studios to two bedroom and medium sized three or four bedroom condominium developments, high-rises, and small apartment buildings. Many of the residences in the Moiliili area are established, but not old, having been built between 1970 and 1999, with a number of residences built between 1940 and 1969.
The Moiliili 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 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 over 82 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 the country that share this characteristic.
Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its flair. For example, one might notice whether the buildings all date from a certain time period. This particular neighborhood in Honolulu, the Moiliili area, has some outstanding things about the way it looks and its way of life that are worth highlighting.
The Moiliili area is very densely populated compared to most American neighborhoods. In fact, with 47,383 persons per square mile in the neighborhood, and it is more packed with people than 98 percent of the nation’s neighborhoods.
One of the really interesting characteristics about the Moiliili neighborhood is that it is an excellent choice in which to reside for 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 that the rhythm of the neighborhood fluctuates with the college seasons. For theses and other reasons, the neighborhood is rated in the top five percent of college-friendly places to live in the state of Hawaii.
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.
If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With over four percent of residents in the Moiliili area commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than nearly 97 percent of all neighborhoods in the U.S.
Hawaii Homes for Sale
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WHERE HOME OWNERSHIP HAPPENS IN MCCULLY-MOILIILI, 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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