Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 43,485 people, 8,782 houses or apartments, and a median cost of homes of $1,044,942, real estate costs in Waipahu are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive Hawaii communities.
Single-family detached homes are the single most common housing type in Waipahu, accounting for 47.43% of the town's housing units. Other types of housing that are prevalent in Waipahu include large apartment complexes or high rise apartments ( 31.43%), row houses and other attached homes ( 11.87%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 8.90%).
The most prevalent building size and type in Waipahu are three and four bedroom dwellings, chiefly found in single-family detached homes. The town has a mixture of owners and renters, with 55.71% owning and 44.29% renting.
At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Waipahu's housing was primarily built during this period, from the '40s through the '60s. A full 46.76% of the town's housing hails from this era. Other housing ages represented in Waipahu include homes built between 1970-1999 ( 38.79%) and housing constructed between 2000 and later ( 13.17%). There's also some housing in Waipahu built before 1939 ( 1.28%).
Appreciation rates for homes in Waipahu have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 91.76%, which ranks in the top 50% nationwide. This equates to an annual average Waipahu house appreciation rate of 6.73%.
NeighborhoodScout's data show that during the latest twelve months, Waipahu's appreciation rate, at 9.28%, has been at or slightly above the national average. In the latest quarter, Waipahu's appreciation rate has been 9.18%, which annualizes to a rate of 42.09%.
Importantly, NeighborhoodScout’s exclusive research found that Waipahu's housing market shows one of the <a href="/blog/highest-appreciating-cities">top real estate appreciation rates in the U.S.A.</a> in the latest quarter, which may signal the city’s near-future real estate investment strength.
Relative to Hawaii, our data show that Waipahu's latest annual appreciation rate is higher than 60% of the other cities and towns in Hawaii.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Waipahu differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Waipahu - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Waipahu real estate investment or home purchase decisions.
$1,044,942
for Hawaii
for nation
8,782
$2,045 / per month