Housing in Honolulu, Hawaii is more expensive than the national average. The median value of a house in Honolulu is $612,200, nearly double the US median value of $338,100. Despite the large disparity in values, appreciation of homes over the past year has been much less drastic in Honolulu than it has been nationwide. The US housing market experienced an 8.27% increase over the last year, while Honolulu's housing market only grew 2.39%. Due to this limited growth potential and higher prices compared to other parts of the country, investing in real estate in Honolulu may not be a wise decision.
The median home cost in Honolulu (zip 96814) is $612,200. Home appreciation the last 10 years has been 71.7%. Home Appreciation in Honolulu (zip 96814) is up 19.0%.
Average Age of Homes
- The median age of Honolulu (zip 96814) real estate is 39 years old
The Rental Market in Honolulu (zip 96814)
- Renters make up 52.2% of the Honolulu (zip 96814) population
- 2.6% of houses and apartments in Honolulu (zip 96814), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.