The Home Buyer's Korner

Information presented should be used for educational purposes only.

July 26th, 2015

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BUILDING THE DREAM OF HOME OWNERSHIP

Nehoa St/Kewalo St Neighborhood

Moanalua Area Homes for Sale

Honolulu, Hawaii

KewaloNehoa St/Kewalo St area median real estate price is $434,676, which is less expensive than 76.9 percent of Hawaii neighborhoods and 13.2 percent of all U.S. neighborhoods.

The average rental price in Nehoa St/Kewalo St is currently $1,415 and rents here are currently lower in price than 63.8 percent of Hawaii neighborhoods. In Nehoa St/Kewalo St area the current vacancy rate is 0.6 percent, which is a lower rate of vacancies than 96.1 percent of all neighborhoods in the U.S. With a low real estate vacancy rate, this indicates an exceptionally strong demand for real estate in the Nehoa St/Kewalo St neighborhood, and an issue with creating enough supply for the demand, which makes it likely this could have the effect of increasing real estate prices, increasing supply to meet demand, or both.

Nehoa St / Kewalo St area 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 occupied by a mixture of owners and renters. Many of the residences in the Nehoa St/Kewalo St neighborhood are established but not old, having been built between 1970 and 1999, with a number of residences built between 1940 and 1969.

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. The Nehoa St/Kewalo St neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

The Nehoa St/Kewalo St neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 46,399 persons per square mile in the neighborhood, it is more packed with people than 98.4 percent of the nation’s neighborhoods.

In addition, the real estate in the Nehoa St/Kewalo St neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of condominium complexes and high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big multi-family buildings and complexes. In fact, 90.8 percent of the real estate here is classified as such, which is more than is found in 98.6 percent of American neighborhoods.

With 1.3 percent of employed workers living in the Nehoa St/Kewalo St neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 95.3 percent of American neighborhoods and a major shaper of the neighborhood’s culture and character.

The neighbors in the Nehoa St/Kewalo St neighborhood enjoys an upper-middle class income, making it an above average income neighborhood and the neighborhood has a higher income than 63.1 percent of the neighborhoods in America.

In the Nehoa St/Kewalo St neighborhood, 40.8 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 33.4 percent of the residents employed. Other residents here are employed in manufacturing and laborer occupations at 12.9 percent and 12.3 percent in clerical, assistant, and tech support 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 ancestry will express those cultures.

In the Nehoa St/Kewalo St neighborhood, residents most commonly identify their ethnicity or ancestry as Asian at 56.9 percent. There are also a number of people of Puerto Rican ancestry at 6.6 percent and residents who report German roots at 3.4 percent. Some of the residents are also of English ancestry at 3.2 percent, along with some Irish ancestry residents at 1.6 percent, among others. In addition, 28.8 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 Nehoa St/Kewalo St neighborhood is English, spoken by 61.6 percent of households. Other important languages spoken here include Japanese, which is spoken by 10.8 percent of household, followed by Chinese, Korean and Vietnamese.

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Nehoa St/Kewalo St Neighborhood Hawaii Homes for Sale Listings

Moanalua Area Homes for Sale

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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

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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