The Home Buyer's Korner

Information presented should be used for educational purposes only.

August 1st, 2015

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FORT WEAVER RD/KOLOWAKA DR NEIGHBORHOOD

EWA BEACH, HAWAII

BUILDING THE DREAM OF HOME OWNERSHIP

Kolowaka DrFort Weaver Rd/Kolowaka Dr median real estate price is $476,708, which is less expensive than 71.0 percent of Hawaii neighborhoods and 10.7 percent of all U.S. neighborhoods.

The average rental price in Fort Weaver Rd/Kolowaka Dr is currently $1,713 and rents here are currently lower in price than 42.6 percent of Hawaii neighborhoods. Real estate vacancies in Fort Weaver Rd/Kolowaka Dr are 7.3 percent, which is lower than one will find in 61.4 percent of American neighborhoods. Demand for real estate in Fort Weaver Rd/Kolowaka Dr is above average for the U.S. and signals demand for either price increases or new construction of residential homes.

 

Fort Weaver Rd/Kolowaka Dr is a densely urban neighborhood located in Ewa Beach, Hawaii and primarily made up of medium sized three or four bedroom to large four, five or more bedroom single-family homes and town homes. Most of the residential real estate is owner occupied. Many of the residences in the Fort Weaver Rd/Kolowaka Dr neighborhood are established but not old, having been built between 1970 and 1999, with a number of residences built between 2000 to present day.

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways.

The Weaver Rd/Kolowaka Dr area is among the best neighborhoods for families in Hawaii. In fact, this neighborhood is more family-friendly than 96.9 percent of neighborhoods in the entire state of Hawaii. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a “Leave It to Beaver” episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Fort Weaver Rd/Kolowaka Dr neighborhood. In addition to being an excellent choice for families with school-aged children, this neighborhood is also a very good choice for college students.

Many of those attracted to Weaver Rd/Kolowaka Dr neighborhood are teachers, professors, administrators or families with an interest in the University of Hawaii’s West Oahu campus for their children. If you have a college bound child check out my blog post on Kiddie Condos and see if it something that’s right for you.

For many reasons, Weaver Rd/Kolowaka Dr area is an ideal neighborhood for first-time home buyers in the state of Hawaii. Homes here are priced below median housing values in the state. Not only does this neighborhood stand out for combining price and home value stability or increases, it also is a neighborhood with a high quality resident population, meaning this is likely a good place to buy, live, and enjoy. While many first time home buyers focus purely on low cost and convenient location, which can risk your investment in your first home and put you in a less than desirable neighborhood, this neighborhood is a true standout for a lot of reasons, and definitely worth a look if you are a first time home buyer. In addition to being an excellent choice for first-time home buyers, this neighborhood is also a very good choice for active retirees.

In addition, with more than 2.3 percent of residents living with a same sex partner, Fort Weaver Rd/Kolowaka Dr is truly a neighborhood that stands out from the rest in this regard. In fact, this neighborhood has a greater concentration of same sex couples than 95.9 percent of U.S. neighborhoods.

 

Your futre neighbors in the Fort Weaver Rd/Kolowaka Dr neighborhood in Ewa Beach are well-to-do, making it among the 15 percent highest income neighborhoods in America and enjoys a higher income than 89.0 percent of the neighborhoods in America

In the Fort Weaver Rd/Kolowaka Dr neighborhood, 36.2 percent of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 31.5 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 16.5 percent and 15.8 percent in manufacturing and laborer occupations.

The Fort Weaver Rd/Kolowaka Dr neighborhood stands out nationally for having a greater proportion of its residents active in the military than 99.4 percent of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.

Furthermore, the government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. The Fort Weaver Rd/Kolowaka Dr neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 13.2 percent of its workforce, this neighborhood has a greater concentration of government workers than 95.3 percent of U.S. neighborhoods.

Culture is shared/learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Fort Weaver Rd/Kolowaka Dr neighborhood in Ewa Beach, HI, residents most commonly identify their ethnicity or ancestry as Asian at 51.1 percent. There are also a number of people of Irish ancestry at 9.1 percent and residents who report Swiss roots at 2.9 percent. Some of the residents are also of German ancestry at 2.9 percent, along with some Mexican ancestry residents at 2.2 percent, among others. In addition, 23.0 percent of the residents of this neighborhood were born in another country.

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Fort Weaver Rd / Kolowaka Dr neighborhood is English, spoken by 68.1 percent of households. Other important languages spoken here include Tagalog, the first language of the Philippine region, which is spoken by 11.7 percent of households, followed by Korean. 

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FORT WEAVER RD/KOLOWAKA DR NEIGHBORHOOD

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FHA 203K

Your Home Purchasing or Refinancing & Renovation Tool

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

Here are just a few of the home improvements

you might consider with any Home Renovation loan

Repair or replace a roof

Install, replace or repair gutters and downspouts

Replace, repair or upgrade your HVAC system

Repair or replace plumbing

Install, repair or replace electrical systems

Kitchen remodeling (including the purchase and installation of appliances)

Bathroom remodeling, Full interior painting, Total exterior painting

Repair or replace a septic system and/or well

Disability access (wheelchair ramp, elevator, widen doorways)

Build, repair or replace deck, patio or porch

Basement waterproofing and finishing

Abatement/Stabilization of lead-based paint hazards

Replace old windows, Room additions, Finish an attic

Add a second story to your home

Replace a termite damaged sill plate (a water-damaged sill plate also)

Possible landscaping items such as correction of grading & drainage problems,

tree removal, repair a driveway and sidewalks

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The Conventional Alternative to FHA 203K

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A SIMPLE HOME SHOPPING INSPECTION TOOL

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