The Home Buyer's Korner

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July 25th, 2015

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BUILDING THE DREAM OF HOME OWNERSHIP

Punahou St/Dominis St Area

Honolulu, Hawaii

DominisPunahou St/Dominis St area median real estate price is $359,914, which is less expensive than 89.3 percent of Hawaii neighborhoods and 19.2 percent of all U.S. neighborhoods.

The average rental price in Punahou St/Dominis St is currently $1,268. Rents here are currently lower in price than 75.0 percent of Hawaii neighborhoods. Home and apartment vacancy rates are 9.4 percent in the Punahou St/Dominis St. area the rate is lower than 49.4 percent of the neighborhoods in the nation, approximately near the middle range for vacancies.

Punahou St/Dominis St area real estate is primarily made up of small studio to two bedroom to medium sized three or four bedroom condominium complexes, high-rises and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Punahou St/Dominis St area are established but not old, having been built between 1970 and 1999, with a number of residences built between 1940 and 1969.

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels.

The Punahou St/Dominis St area is very densely populated compared to most U.S. neighborhoods. In fact, with 48,139 persons per square mile in the neighborhood, it is more packed with people than 98.5 percent of the nation’s neighborhoods.

In addition, the Punahou St/Dominis St neighborhood 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 condominium sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 96.8 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, the real estate in the Punahou St/Dominis St neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of condominium 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 multi-family complexes. In fact, 94.4 percent of the real estate here is classified as condominium complexes and high-rise apartments, which is more than is found in 99.1 percent of American neighborhoods.

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 5.6 percent of residents in the Punahou St/Dominis St neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 97.9 percent of all neighborhoods in the U.S.

The Punahou St/Dominis St area has a greater concentration of residents currently enrolled in college than 95.8 percent of the neighborhoods in the U.S. With 13.2 percent of the population here attending college, this is very much a college-focused neighborhood.

In addition, with a nice mix of college students, safety from crime, and decent walkability, the Punahou St/Dominis St area rates highly as a college student friendly place to live, and one that college students and their parents may want to consider. It rates more highly for a good place for college students to live than 86 percent of the neighborhoods. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

The Punahou St/Dominis St neighborhood stands out nationally for having a greater proportion of its residents active in the military than 95.3 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.

Your future neighbors in the Punahou St/Dominis St area enjoy a middle-class income and have a higher income than 43.3 percent of the neighborhoods in America.

In the Punahou St/Dominis St neighborhood, 40.9 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 32.5 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 18.6 percent and 7.9 percent in manufacturing and laborer occupations.

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

In the Punahou St / Dominis St, residents most commonly identify their ethnicity or ancestry as Asian at 41. percent. There are also a number of people of Irish ancestry at 5.8 percent and residents who report English roots at 4.0 percent. Some of the residents are also of Mexican ancestry at 2.5 percent, along with some Puerto Rican ancestry residents at 2.2 percent, among others. In addition, 21.4 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 Punahou St/Dominis St neighborhood is English, spoken by 67.5 percent of households. Other important languages spoken here include Japanese at 6.8 percent, Chinese, Korean, and Spanish.

Punahou St/Dominis St Homes for Sale Listings

Livingston-Homes-for-Sale

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

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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