The Home Buyer's Korner

Information presented should be used for educational purposes only.

June 27th, 2015

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Kalihi-Palama Neighborhood

Honolulu, Hawaii

Kahili Neighborhood

The median home price in Kalihi-Palama is $756,462, which is more expensive than 75.9 percent of the neighborhoods in Hawaii and 96.4 percent of the neighborhoods in the U.S. The average rental price in Kalihi-Palama is currently $1,601.00 and rents here are currently lower in price than 46.8 percent of Hawaii neighborhoods.

Vacancy rates in Kalihi-Palama is relatively low with a rate of just under 3 percent, which is a lower than 89.2 percent of all neighborhoods in the U.S and indicates housing supply is very tight.

Kalihi-Palama is a dense urban neighborhood located in Honolulu, Hawaii and made up primarily 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 a mixture of owner occupied residents and renters. Many of the residences in the Kalihi-Palama are older, well-established, built between 1940 and 1969 and a smaller amount of homes built between 1970 and 1999.

If you like crowded urban setting, then you will probably enjoy the Kalihi-Palama with a dense population of 22,611 people per square mile living here.

Kalihi-Palama stands out nationally for having a greater proportion of its residents being active in the military than 95.3 percent of other U.S. neighborhoods. Once your settled in you’ll notice active duty military members going to and from work and out and about in the area.

Kalihi-Palama also stands out for its college student friendly environment. The neighborhood is home to a number of college students and being that it’s close to campus it offers amenities nearby geared towards the student body. While it’s not an environment for everyone, ambitious scholars can enjoy the seasonal excitement between semesters and school breaks. For each of these reasons, the neighborhood is rated among the top 6 percent of college-friendly places to live in Hawaii.

KahiliYour future neighbors in Kalihi-Palama are pretty well off, making it among the 15 percent highest income neighborhoods in America and the neighborhood has a higher income than 85.0 percent of the neighborhoods in America.

Culture is the shared and 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 ancestry will express those cultures. In Kalihi-Palama residents, most commonly identify their ethnicity or ancestry as Asian at 75.2 percent. There are also a number of people of Mexican ancestry at 2.8 percent and residents who report Puerto Rican roots come in at 2 percent.

Kalihi-Palama is also pretty special linguistically. With 19.1 percent of the residents speaking Tagalog, which is the first language of the Philippine region. What is interesting to note, is that the Kalihi-Palama has a greater percentage of residents born in another country at 49.2 percent.

KAHILI-PALAMA NEIGHBORHOOD

HONOLULU HOMES FOR SALE LISTINGS

Livingston Homes for Sale

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.

To print this document click on “Open in New Window” located at the lower right corner;

click on “File”; then click on “Print”. In the center of the screen, you will have the option

to “Create A Printable PDF of the Presentation”.

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