The Home Buyer's Korner

Information presented should be used for educational purposes only.

June 29th, 2015

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BUILDING THE DREAM OF HOME OWNERSHIP

McCully-Moiliili, Honolulu, Hawaii

McCully-Moiliili

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The Mccully-Moiliili area median real estate price is $407,793, which is less expensive than 83.8 percent of Hawaii neighborhoods and 16.0 percent of all U.S. neighborhoods. The average rental price in the Mccully-Moiliili area is currently $1,152. Rents here are currently lower in price than 81.9 percent of Hawaii neighborhoods.

Real estate is primarily made up of small studio to two bedroom to medium sized three or four bedroom condominium complexes. A large make-up of the residential real estate is renter occupied and could be ideal for those looking to purchase investment property. Many of the residences in Mccully-Moiliili are established, but not very old, having been built between 1970 and 1999, while some residences were also built between 1940 and 1969.

Real estate vacancies in Mccully-Moiliili are 5.2 percent, which is lower than one will find in 75.1 percent of other U.S. neighborhoods. Demand for real estate is above average for the U.S., and may signal some demand for either price increases or new construction of residential properties. 

The neighborhood is very densely populated compared to most U.S. neighborhoods, with 32,353 persons per square mile and more packed with people than 97.4 percent of the nation’s neighborhoods.

Mccully-Moiliili is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in the country. 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. Furthermore, the real estate really stands out in the way it looks for a unique reason: The neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 75.4 percent of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 96.6 percent of other American neighborhoods.

In the Mccully-Moiliili neighborhood, walking to work is a real option for many with 13.2 percent of the residents here who walk to and from work daily and a higher proportion of walking commuters than you’ll find in 95.6 percent of American neighborhoods. Also, more people ride the bus in this neighborhood each day to get to work than 95.0 percent of U.S. neighborhoods.

With a nice mix of college students, safety from crime, and decent walkability, the Mccully-Moiliili neighborhood rates highly as a college student friendly place to live and one that college students and their parents may want to consider. The area rates high for a better place for college students to live than 87 percent of the neighborhoods in Hawaii with amenities and services geared towards college students, from undergraduates to graduate students.

Your future neighbors in Mccully-Moiliili have lower-middle incomes with income lower than 67.9 percent of U.S. neighborhoods. In the neighborhood, 41.6 percent of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is executive, management, and professional occupations, with 27.2 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 20.1 percent and 11.1 percent in manufacturing and laborer occupations.

In Mccully-Moiliili residents, most commonly identify their ethnicity or ancestry as Asian at 62.0 percent. There are also a number of people of Irish ancestry at 2.8 percent and residents who report Swedish roots at 2.1 percent and some of the residents are also of Italian ancestry at 1.7 percent, along with some German ancestry residents at 1.7 percent, among others. In addition, 34.7 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 McCully-Moiliili is English, spoken by 57.9 percent of households. Other important languages spoken here include Japanese, Tagalog (the first language of the Philippine region), Korean and Vietnamese.

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.

To print this document, click on “Open in New Window” located at the lower right corner;

click on “File”; then click on “Print”. In the center of the screen, you will have the option

to “Create A Printable PDF of the Presentation”.

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