The Home Buyer's Korner

Information presented should be used for educational purposes only.

July 30th, 2015

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BUILDING THE DREAM OF HOME OWNERSHIP

Ala Napunani St/Ala Puumalu St Neighborhood

Aliamanu~Salt Lakes~Foster Village Area

Honolulu, Hawaii

Alal PuunaluaAla Napunani St/Ala Puumalu St area median real estate price is $527,354, which is more expensive than 37.2 percent of the neighborhoods in Hawaii and 91.4 percent of the neighborhoods in the U.S.

The average rental price in Ala Napunani St/Ala Puumalu St is currently $1,908 and the average rental cost in this neighborhood is higher than 68.6 percent of the neighborhoods in Hawaii. Home and apartment vacancy rates are 7.7 percen in Ala Napunani St/Ala Puumalu St and that this rate is lower than 59.2 percent of the neighborhoods in the nation, approximately near the middle range for vacancies.

Ala Napunani St/Ala Puumalu St real estate is primarily made up of small studio to two bedroom to medium sized three or four bedroom condominium complexes, high-rises and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Ala Napunani St/Ala Puumalu St neighborhood are established but not old, having been built between 1970 and 1999 with a number of residences built between 2000 and the present.

With 3.4 percent of employed workers living in the Ala Napunani St/Ala Puumalu St neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 98.3 percent of American neighborhoods and a major shaper of the neighborhood’s culture and character.

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.6 percent of residents in the Ala Napunani St/Ala Puumalu St neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 95.8 percent of all neighborhoods in the U.S., according to NeighborhoodScout’s exclusive analysis.

In addition, one of the really unique and interesting things about the look and setting of the Ala Napunani St/Ala Puumalu St neighborhood is that it is almost entirely dominated by large multi family buildings, such as condominium complexes and high-rise apartments, with 76.4 percent of the residential real estate here classified as such. This puts this neighborhood on the map as having a higher proportion of large multi-family buildings than 96.8 percent of all neighborhoods in America.

Furthermore, most neighborhoods are composed of a mixture of ages of homes, but the Ala Napunani St/Ala Puumalu St stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you’ll sense when you look around or drive the streets of this neighborhood is that many of the residences look the same because of this similarity of age. In fact, 80.6 percent of the residential real estate here was built in this one time period.

Your future neighbors in the Ala Napunani St/Ala Puumalu St neighborhood enjoy upper-middle class incomes and this neighborhood has a higher income than 78.3 percent of the neighborhoods in America.

In the Ala Napunani St/Ala Puumalu St neighborhood, 40.0 percent of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 26.7 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 21.8 percent and 11.5 percent in manufacturing and laborer occupations.

Culture is the shared learned behavior of peoples. Undeniably, different ethnicity and ancestry have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicity or ancestries will express those cultures.

In the Ala Napunani St/Ala Puumalu St neighborhood in Honolulu, HI, residents most commonly identify their ethnicity or ancestry as Asian at 62.4 percent. There are also a number of people of Mexican ancestry at 3.0 percent and residents who report Irish roots at 2.8 percent. Some of the residents are also of German ancestry at 2.8 percent, along with some Puerto Rican ancestry residents at 2.4 percent, among others. In addition, 20.0 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 Ala Napunani St / Ala Puumalu St neighborhood is English, spoken by 73.7 percent of households. Other important languages spoken here include Japanese, spoken by 5.0 percent of households, Chinese, Korean and Tagalog, the first language of the Philippine region.

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HOME OWNERSHIP TOOLS

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

FANNIE MAE HOMESTYLE

The Conventional Alternative to FHA 203K

Great for Real Estate Investors and Second Home Renovations

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

USDA RURAL DEVELOPMENT

Up to $10K for Home Improvements, Renovations or a Simple Remodel

Mortgage Loan Officers, Real Estate Agents & General Contractors

are ready to assist you with your home purchase

A SIMPLE HOME SHOPPING INSPECTION TOOL

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This simple home inspection tool makes your ultimate buying decision a smart one.

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