The Home Buyer's Korner

Information presented should be used for educational purposes only.

August 11th, 2015

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BUILDING THE DREAM OF HOME OWNERSHIP

Kaneohe Town Center Neighborhood Homes for Sale

Kaneohe, Hawaii

Kuneki StThe median real estate price in the Town Center of Kaneohe is $570,649, which is more expensive than 46.6 percent of the neighborhoods in Hawaii and 92.8 percent of the neighborhoods in the U.S.

The average rental price in Kaneohe Town Center is currently $1,732 and rents here are currently lower in price than 41.7 percent of Hawaii neighborhoods. In Kaneohe Town Center, the current vacancy rate is 2.8 percent, which is a lower rate of vacancies than 88.4 percent of all neighborhoods in the U.S. This means that the housing supply in Kaneohe Town Center is very tight compared to the demand.

Real estate in the Town Center of Kaneohe, HI is primarily made up of medium sized three or four bedroom to small studio to two bedroom condominiums, 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 Town Center 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. This particular neighborhood in Kaneohe, the Town Center neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

In addition, most neighborhoods are composed of a mixture of ages of homes, but the Kaneohe Town Center stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you’ll sense when you look around or drive the streets of this neighborhood is that many of the residences comes for a similar architecture and its similarity of age. In fact, 84.7 percent of the residential real estate here was built in this one time period.

For many reasons, the Kaneohe Town Center 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.

Your future neighbors in the Town Center neighborhood in Kaneohe enjoy upper-middle incomes the neighborhood has a higher income than 75.1 percent of the neighborhoods in America.

In the Kaneohe Town Center neighborhood, 28.9 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 28.8 percent of the residents employed. Other residents here are employed in manufacturing and laborer occupations at 23.7 percent and 18.1 percent in clerical, assistant, and tech support occupations.

The Kaneohe Town Center neighborhood stands out nationally for having a greater proportion of residents active in the military than 98.0 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.

Furthermore, the Kaneohe Town Center neighborhood has a greater proportion of government workers living in it than 97.8 percent of the neighborhoods in America and one that shapes its 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 Town Center neighborhood in Kaneohe, HI, residents most commonly identify their ethnicity or ancestry as Asian 20.5 percent. There are also a number of people of Mexican ancestry at 10.7 percent and residents who report Puerto Rican roots at 3.3 percent and some of the residents are also of Irish ancestry at 1.2 percent, along with some English ancestry residents at 1.1 percent, 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 Kaneohe Town Center neighborhood is English, spoken by 87.7 percent of households. Other important languages spoken here include Japanese at 2.4 percent of households, followed by Spanish.

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KANEOHE TOWN CENTER NEIGHBORHOOD HOMES FOR SALE

KANEOHE 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

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

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