The housing market in Honolulu, HI 96816 is significantly more expensive than the US median house value of $338,100. The median value of a home in this area is $1,239,800 which is 3.6 times higher than the US median value. Despite being much higher than the national average, the one year appreciation rate for homes in this area is only 2.39%, lower than the 8.27% rate for homes across the US as a whole. Although there is an expensive entry cost to own a home here, it appears that potential buyers may not benefit from significant increases in values over time.
The median home cost in Honolulu (zip 96816) is $1,239,800. Home appreciation the last 10 years has been 71.7%. Home Appreciation in Honolulu (zip 96816) is up 19.0%.
Average Age of Homes
- The median age of Honolulu (zip 96816) real estate is 55 years old
The Rental Market in Honolulu (zip 96816)
- Renters make up 35.0% of the Honolulu (zip 96816) population
- 1.2% of houses and apartments in Honolulu (zip 96816), 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.