The Home Buyer's Korner

Information presented should be used for educational purposes only.

August 8th, 2015

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Oneawa St/Kihapai St Neighborhood Homes for Sale

Kailua, Hawaii

KihapiaOneawa St/Kihapai St area median real estate price is $751,754, which is more expensive than 74.5 percent of the neighborhoods in Hawaii and 96.4 percent of the neighborhoods in the U.S.

The average rental price in Oneawa St/Kihapai St is currently $1,580 and lower in price than 48.7 percent of Hawaii neighborhoods. In Oneawa St/Kihapai St, 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. This means that the housing supply in Oneawa St/Kihapai St is very tight compared to the demand.

Oneawa St/Kihapai St is a densely urban neighborhood located in Kailua, Hawaii primarily made up of medium sized three or four bedroom to small studio to two bedroom single-family homes, condominium complexes and high-rises. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Oneawa St/Kihapai St neighborhood are older, well-established, built between 1940 and 1969 with a number of residences built between 1970 and 1999.

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 has some outstanding things about the way it looks and its way of life that are worth highlighting.

American households most often have a car, and regularly they have two or three. But households in the Oneawa St / Kihapai St neighborhood buck this trend. Residents of this neighborhood must really love automobiles. Research reveals that 45.4 percent of the households here have four, five, or more cars. That is more cars per household than in 98.4 percent of the neighborhoods in the nation.

With 1.4 percent of employed workers living in the Oneawa St/Kihapai St neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 95.8 percent of American neighborhoods and shapes the neighborhood’s culture and character.

Oneawa St/Kihapai St neighborhood has the distinction of having one of the lowest real estate vacancy rates of any neighborhood in America. With just 0.6 percent of the real estate vacant, this indicates an exceptionally strong demand for real estate and an issue with creating enough supply for the demand. This could have the effect of increasing real estate prices, increasing supply to meet demand, or both.

The neighbors in the Oneawa St/Kihapai St neighborhood in Kailua enjoy upper-middle incomes and this neighborhood has a higher income than 78.7 percent of the neighborhoods in America.

In the Oneawa St/Kihapai St neighborhood, 33.0 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 27.6 percent of the residents employed. Other residents here are employed in manufacturing and laborer occupations at 22.1 percent and 17.4 percent in clerical, assistant, and tech support occupations.

With 1.4 percent of employed workers living in the Oneawa St/Kihapai St neighborhood active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 95.8 percent of American neighborhoods and shapes the neighborhood’s culture and character.

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 Oneawa St/Kihapai St neighborhood in Kailua, HI, residents most commonly identify their ethnicity or ancestry as Asian at 14.1 percent. There are also a number of people of German ancestry at 4.2 percent and residents who report Mexican roots at 4.2 percent. Some of the residents are also of English ancestry at 3.3 percent, along with some Irish ancestry residents at 3.0 percent and Portuguese ancestry at 2.9 percent, followed by Croatian ancestry at 1.8 percent, among others.

The most common language spoken in the Oneawa St / Kihapai St neighborhood is English, spoken by 90.4 percent of households and some households also speak Japanese at 3.2 percent.

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ONEAWA ST/KIHAPAI ST NEIGHBORHOOD 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

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

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