Housing in Honolulu, HI (96815) is an expensive area with a median value of $546,000. This is significantly higher than the US house median value of $338,100. Despite this high cost of housing, the appreciation rate for the past year has been quite low at 2.39%, which pales in comparison to the 8.27% rate for US houses overall. The high purchase price may be a deterrent to potential buyers looking to invest in real estate in Honolulu, but those that can afford it will benefit from lower appreciation rates over time.
The median home cost in Honolulu (zip 96815) is $546,000. Home appreciation the last 10 years has been 71.7%. Home Appreciation in Honolulu (zip 96815) is up 19.0%.
Average Age of Homes
- The median age of Honolulu (zip 96815) real estate is 46 years old
The Rental Market in Honolulu (zip 96815)
- Renters make up 41.1% of the Honolulu (zip 96815) population
- 9.3% of houses and apartments in Honolulu (zip 96815), 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.