The Home Buyer's Korner

Information presented should be used for educational purposes only.

July 23rd, 2015

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BUILDING THE DREAM OF HOME OWNERSHIP

Makaloa St/Keeaumoku St Neighborhood

Ala Moana, Honolulu, HI Homes for Sale

Keeaumoku

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Makaloa St/Keeaumoku St area median real estate price is $358,076, which is less expensive than 89.7 percent of Hawaii neighborhoods and 19.3 percent of all U.S. neighborhoods. Makaloa St/Keeaumoku St has a 14.5 percent vacancy rate, which is well above average compared to other U.S. neighborhoods and higher than 72.2 percent of American neighborhoods. Most vacant housing here is vacant year round due to a high second/vacation home occupancy rate. If you live here, you may find many of the homes or condominium complexes are empty during some time of the year.

The average rental price in Makaloa St/Keeaumoku St is currently $1,484 and lower in price than 58.3 percent of Hawaii neighborhoods.

Makaloa St/Keeaumoku St area real estate is primarily made up of small studio to two bedroom to medium sized three or four bedroom condominiums, high-rises and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Makaloa St/Keeaumoku St neighborhood are older, well-established, built between 1940 and 1969 with a number of residences were also built between 1970 and 1999.

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 Makaloa St/Keeaumoku St area is a fantastic option for bicycle commuters, as 10.6 percent of commuters here ride their bikes to and from work on a daily basis. That’s a higher amount than 99.4 percent of the neighborhoods in America.

Also, more people ride the bus in this neighborhood each day to get to work than 99.0 percent of U.S. neighborhoods.

Finally, more people in Makaloa St/Keeaumoku St choose to walk to work each day at 12.6 percent than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.

The Makaloa St/Keeaumoku St area is very densely populated compared to most U.S. neighborhoods. In fact, with 34,496 persons per square mile in the neighborhood, it is more packed with people than 97.6 percent of the nation’s neighborhoods.

One of the really unique and interesting things about the look and setting of the Makaloa St/Keeaumoku St neighborhood is that it is almost entirely dominated by large condominium complexes, apartments and high-rise apartments and 91.3 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 98.7 percent of all neighborhoods in America.

Furthermore, the Makaloa St/Keeaumoku 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 or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 90.6 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.

The types of households in a neighborhood can tell a lot about the character and lifestyle of those living here. Above nearly every neighborhood in America, this area has a greater percentage of its residents living alone at 51.3 percent. This is a higher percent living alone than we found in 97.4 percent of all U.S. neighborhoods.

American households most often have a car, and regularly they have two or three. But households in the Makaloa St/Keeaumoku St neighborhood buck this trend. 34.9 percent of the households in this neighborhood don’t own a car at all. This is more carless households than found in 97.4 percent of U.S. neighborhoods.

The government often provides some of the more stable jobs in the economy. From local, to state, to federal government workers, the government can also be a major employer. The Makaloa St/Keeaumoku St neighborhood in particular stands out when compared nationally for the proportion of its working residents who are employed by the government. At 14.2 percent of its workforce, this neighborhood has a greater concentration of government workers than 96.3 percent of U.S. neighborhoods.

Furthermore, with 1.2 percent of employed workers living in the Makaloa St/Keeaumoku St area active in the military, this neighborhood has the distinction of having a higher proportion of people in the military than 95.2 percent of American neighborhoods. 

Your future neighbors in the Makaloa St/Keeaumoku St area in Honolulu have middle-incomes and this area has a higher income than 48.2 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 Makaloa St/Keeaumoku St area, 39.5 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 37.5 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 16.0 percent, and 14.2 percent in government jobs, whether they are in local, state, or federal positions.

Culture is the shared learning behavior of peoples. Undeniably, different ethnicity and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicity or ancestries will express those cultures.

In the Makaloa St / Keeaumoku St area, residents most commonly identify their ethnicity or ancestry as Asian at 62.2 percent. There are also a number of people of French ancestry at 3.7 percent, and residents who report Portuguese roots at 2.9 percent. Some of the residents are also of Irish ancestry at 2.9 percent, along with some German ancestry residents at 2.2 percent, among others. In addition, 38.8 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 Makaloa St/Keeaumoku St neighborhood is English, spoken by 53.1 percent of households. Other important languages spoken here include Japanese at 16.2 percent, Chinese and Korean.

Makaloa St/Keeaumoku St Neighborhood

Ala Moana Area Homes for Sale

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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