The Home Buyer's Korner

Information presented should be used for educational purposes only.

July 24th, 2015

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BUILDING THE DREAM OF HOME OWNERSHIP

Fern St/Mccully St Area

Mccully-Moiliili, Honolulu, HI Homes for Sale

Mccully

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Fern St/Mccully St area median real estate price is $392,758, which is less expensive than 84.8 percent of Hawaii neighborhoods and 16.3 percent of all U.S. neighborhoods.

The average rental price in Fern St/Mccully St is currently $1,170 and lower in price than 82.7 percent of Hawaii neighborhoods. Home and apartment vacancy rates are 9.5 percent in Fern St/Mccully St area and lower than 49.1 percent of the neighborhoods in the nation, approximately near the middle range of vacancies.

Fern St/Mccully St real estate is primarily made up of small studio to two bedroom to medium sized three or four bedroom condominium complexes, high-rises and small apartment buildings. Most of the residential real estate is renter occupied. Many of the residences in the Fern St/Mccully St area 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.

If you like crowded places, then you will probably enjoy the Fern St/Mccully St area as it’s more densely populated than 96.0 percent of neighborhoods in the U.S., with 23,904 people per square mile living here. Fern St/Mccully St area is a neighborhood that is on the ocean and has amenities that bring locals and visitors to the waterfront for recreational activities or to check out the scenery.

In addition, the Fern St/Mccully St area is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home and condominiums sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 89.6 percent of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Furthermore, one of the really unique and interesting things about the look and setting of the Fern St/Mccully St neighborhood is that it is almost entirely dominated by large multi-family complexes, apartment buildings and high-rises. 67.1 percent of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of multi-family housing than 95.3% of all neighborhoods in America.

More people ride the bus in this neighborhood each day to get to work than 96.9 percent of U.S. neighborhoods.

Also, would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. The Fern St/Mccully St area is a fantastic option for bicycle commuters, as 4.0 percent of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 96.4 percent of the neighborhoods in America.

Finally, in the Fern St/Mccully St neighborhood, walking to work is a real option for many. In fact, walking to and from work is the chosen way to commute for 12.9 percent of residents here. This is a higher proportion of walking commuters than we found in 95.5 percent of American neighborhoods. Get ready to put on your walking shoes if you move here!

One of the most interesting things about the Fern St/Mccully St neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 47.7 percent of the households made up of people living alone, and a larger proportion of people living alone here than in 95.8 percent of the neighborhoods in America.

In the Fern St/Mccully St neighborhood, 44.4 percent of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. This neighborhood has a higher percentage of sales and service workers than 96.7 percent of all American neighborhoods. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 25.1 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 17.0 percent and 13.5 percent in manufacturing and laborer occupations.

Each neighborhood has its own culture derived primarily from the ancestries, and culture of the residents who call their respective homes. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicity and ancestry of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were can help you understand how a neighborhood is today.

In the Fern St/Mccully St area, residents most commonly identify their ethnicity or ancestry as Asian at 54.0 percent. There are also a number of people of Irish ancestry at 2.9 percent and residents who report Puerto Rican roots at 2.8 percent and some of the residents are also of Portuguese ancestry at 1.6 percent, along with some Spanish ancestry residents at 1.3 percent, among others. In addition, 31.1 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 Fern St/Mccully St neighborhood is English, spoken by 65.0 percent of households. Other important languages spoken here include Japanese, spoken by 7.1 percent of households, Chinese and Korean.

Fern St/Mccully St Area Homes for Sale Listings

Mccully-Moiliili Neighborhood

Livingston-Homes-for-Sale

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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