The Home Buyer's Korner

Information presented should be used for educational purposes only.

August 9th, 2015

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Kailua Rd/Kuulei Rd Neighborhood Homes for Sale

Kailua, Hawaii

Kuulei RdKailua Rd/Kuulei Rd area median real estate price is $559,969, which is more expensive than 43.8 percent of the neighborhoods in Hawaii and 92.5 percent of the neighborhoods in the U.S.

The average rental price in Kailua Rd/Kuulei Rd area is currently $2,034 and the average rental cost in this neighborhood is higher than 74.0 percent of the neighborhoods in Hawaii.

Kailua Rd/Kuulei Rd area is an urban neighborhood located in Kailua, Hawaii primarily made up of small studio to two bedroom to medium sized three or four bedroom apartment 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 Kailua Rd/Kuulei Rd neighborhood are established, but not old, having been built between 1970 and 1999, with a number of residences built between 1940 and 1969.

In Kailua Rd/Kuulei Rd, the current vacancy rate is 0.0 percent, which is a lower rate of vacancies than 100.0 percnet of all neighborhoods in the U.S. This means that the housing supply in Kailua Rd/Kuulei Rd is very tight compared to the demand.

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. This particular neighborhood in Kailua, the Kailua Rd/Kuulei Rd neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

The Kailua Rd/Kuulei Rd is better suited for first-time home buyers than 86.2 percent of neighborhoods in the state. Most homes here are priced below the state’s median house value yet maintain comparably good appreciation rates over the last decade relative to other neighborhoods in Hawaii. This means that buying into the neighborhood is not only an accessible option, but considered a decent first time home buyer choice for building equity in your first home, while being in a quality neighborhood In addition to being an excellent choice for first-time home buyers, this neighborhood is also a very good choice for urban sophisticates.

For many reasons, the Kailua Rd/Kuulei Rd 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.

Furthermore, the real estate in the Kailua Rd/Kuulei Rd neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of condominium complexes and high-rises 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 multifamily buildings and complexes. In fact, 69.3 percent of the real estate here is classified as multi-family, which is more than is found in 95.6 percent of American neighborhoods.

Your future neighbors in the Kailua Rd/Kuulei Rd neighborhood in Kailua are well-to-do and the neighborhood has a higher income than 85.6 percent of the neighborhoods in America.

In the Kailua Rd/Kuulei Rd neighborhood, 51.2 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 21.6 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 17.8 percent and 11.7 percent in government jobs, whether they are in local, state, or federal positions.

The Kailua Rd/Kuulei Rd neighborhood stands out nationally for having a greater proportion of its residents active in the military than 98.6 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.

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 ancestry 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 Kailua Rd/Kuulei Rd neighborhood in Kailua, HI, residents most commonly identify their ethnicity or ancestry as Asian at 12.6 percent. There are also a number of people of German ancestry at 8.1 percent and residents who report Portuguese roots at 6.9 percent. Some of the residents are also of Irish ancestry at 5.0 percent, along with some English ancestry residents at 4.8 percent and 1.5 percent have Spanish ancestry, among others.

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 Kailua Rd/Kuulei Rd neighborhood is English, spoken by 83.8 percent of households. Other important languages spoken here include Japanese, which spoken in household at a rate of 2.9 percent, Tagalog, the first language of the Philippine region and Spanish.

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KAILUA RD/KUULEI RD NEIGHBORHOOD HOMES FOR SALE

KAILUA HOMES FOR SALE LISTINGS

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HOME OWNERSHIP TOOLS

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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

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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