The Home Buyer's Korner

Information presented should be used for educational purposes only.

August 19th, 2015

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Hoohiki St/Hoomahie Loop Neighborhood

Pearl City, Hawaii

hOOHILAHoohiki St/Hoomahie Loop area median real estate price is $412,741, which is less expensive than 80.3 percent of Hawaii neighborhoods and 14.8 percent of all U.S. neighborhoods.

The average rental price in Hoohiki St/Hoomahie Loop is currently $1,736 and rents here are currently lower in price than 40.7 percent of Hawaii neighborhoods. In Hoohiki St / Hoomahie Loop, the current vacancy rate is 1.8 percent, which is a lower rate of vacancies than 93.2 percent of all neighborhoods in the U.S. This means that the housing supply in Hoohiki St/Hoomahie Loop is very tight compared to the demand.

Hoohiki St/Hoomahie Loop is an urban neighborhood located in Pearl City, Hawaii and primarily made up of medium sized three or four bedroom to small studio to two bedroom condominiums and single-family homes. Most of the residential real estate is owner occupied. Many of the residences in the Hoohiki St/Hoomahie Loop neighborhood are established but not old, having been built between 1970 and 1999 with a number of residences built between 1940 and 1969.

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways and worth noting.

The Hoohiki St/Hoomahie Loop neighborhood stands out nationally for having a greater proportion of its residents active in the military than 96.4 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.

Most neighborhoods are composed of a mixture of ages of homes, but the Hoohiki St/Hoomahie Loop area 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 are of the same architecture and similar in age. In fact, 88.2 percent of the residential real estate here was built in this one time period.

Many people dream of living along a street lined with row houses or other attached homes. Such places do often have an abundance of charm. If you are one of these people, the Hoohiki St/Hoomahie Loop neighborhood could be your paradise. With 24.9 percent of the homes and real estate here classified as row houses or other attached homes, this neighborhood brims with opportunity to find the right place to call home. Only 4.5 percent of U.S. neighborhoods have more row houses than this neighborhood, making it one of the most interesting things about this special neighborhood.

The neighbors in the Hoohiki St/Hoomahie Loop neighborhood in Pearl City enjoy upper-middle class incomes and this neighborhood has a higher income than 84.0 percent of the neighborhoods in America.

What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.

In the Hoohiki St/Hoomahie Loop neighborhood, 32.8 percent of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 23.8 percent of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants at 22.4 percent and 21.0 percent in manufacturing and laborer occupations.

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 Hoohiki St/Hoomahie Loop neighborhood in Pearl City, Hawaii, residents most commonly identify their ethnicity or ancestry as Asian at 47.1 percent. There are also a number of people of Puerto Rican ancestry at 3.6 percent and residents who report German roots 1.8 percent. Some of the residents are also of Mexican ancestry at1.7 percent, along with some Portuguese ancestry residents 1.6 percent, among others. In addition, 10.1 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 Hoohiki St / Hoomahie Loop neighborhood is English, spoken by 82.0 percent of households. Other important languages here include Japanese, spoken by 6.7 percent of households and Spanish.

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FHA 203K

Your Home Purchasing or Refinancing & Renovation Tool

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Here are just a few of the home improvements

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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

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Possible landscaping items such as correction of grading & drainage problems,

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