The Home Buyer's Korner

Information presented should be used for educational purposes only.

July 29th, 2015

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Kalena Dr/Kalaiwa Way Neighborhood

Kalihi Area Homes for Sale

Honolulu, Hawaii

Kalena DrKalena Dr/Kalaiwa Way area median real estate price is $622,098, which is more expensive than 53.4 percent of the neighborhoods in Hawaii and 94.0 percent of the neighborhoods in the U.S.

The average rental price in Kalena Dr/Kalaiwa Way is currently $741 and rents here are currently lower in price than 98.1 percent of Hawaii neighborhoods. In Kalena Dr/Kalaiwa Way, the current vacancy rate is 4.4 percent, which is a lower rate of vacancies than 80.2 percent of all neighborhoods in the U.S. This means that the housing supply in Kalena Dr/Kalaiwa Way is very tight compared to the demand for property here.

Kalena Dr/Kalaiwa Way real estate is primarily made up of medium sized three or four bedroom to small studio to two bedroom condominium complexes, high-rises and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Kalena Dr/Kalaiwa Way neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels.

In the Kalena Dr/Kalaiwa Way neighborhood, carpooling is still a popular way to get to and from work and 26.3 percent of commuters carpool here, which is more than in 98.5 percent of all U.S. neighborhoods. Also, more people ride the bus in this neighborhood each day to get to work than 97.1 percent of U.S. neighborhoods.

Most neighborhoods have a mixture of ages of homes in them, from new to old, but this neighborhood stands out due to its concentration of residential real estate built in one time frame: from 1940 through 1969, generally considered older, well-established homes. This was a busy time in America for home construction. After the end of World War II, as GIs came home, bought newly built homes on the edges of cities with the help of the GI Bill, and began their families. This housing era generally coincides with the ‘Baby Boom’ generation (1945 – 1964), and many baby boomers grew up in homes built in this era. But what is so interesting about the Kalena Dr/Kalaiwa Way neighborhood, is that an incredible 80.7 percent of the homes here were built in this era. So when you walk its streets or drive through, this neighborhood has a look and feel that harkens to that era in American life, a very important slice of Americana.

In the Kalena Dr/Kalaiwa Way neighborhood, 43.4 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 24.8 percent of the residents employed. Other residents here are employed in manufacturing and laborer occupations at 17.9 percent and 12.9 percent in clerical, assistant, and tech support occupations.

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 Kalena Dr/Kalaiwa Way neighborhood in Honolulu, HI, residents most commonly identify their ethnicity or ancestry as Asian at 31.8 percent. There are also a number of people of Puerto Rican ancestry at 2.3 percent. In addition, 32.6 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 Kalena Dr / Kalaiwa Way neighborhood is English, spoken by 36.2% of households. Other important languages spoken here include Japanese, which is spoken by 1.7 percent of the locals, Vietnamese and Tagalog, the first language of the Philippine region.

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KALENA DR/KALAIWAI WAY NEIGHBORHOOD HOMES FOR SALE

KALIHI AREA HOMES FOR SALE

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HOME OWNERSHIP TOOLS

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Find Real Estate Agents, Mortgage Lenders, and General Contractors ready to assist you with all your home purchasing needs.

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

Organizing your home shopping experience affords a wise decision-making process.

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

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