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

S King St/Hausten St Neighborhood

McCully-Moiliili, Honolulu, HI Homes for Sale

Hausten St 3

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S King St/Hausten St area median real estate price is $395,629, 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 S King St/Hausten St is currently $1,175 and rents here are currently lower in price than 81.9 percent of Hawaii neighborhoods. Real estate vacancies in S King St/Hausten St are 5.2 percent, which is lower than one will find in 75.1 percent of American neighborhoods. Demand for real estate in S King St/Hausten St is above average for the U.S. and may signal some demand for either price increases or new construction of more residential homes.

S King St/Hausten 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 S King St/Hausten St area are established, but not old, having been built between 1970 and 1999 with a number of residences built between 1940 and 1969.

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. The S King St/Hausten St area, has some outstanding things about the way it looks and its way of life that are worth highlighting.

The S King St/Hausten St neighborhood has more Asian and Swiss ancestry people living in it than nearly any neighborhood in America. In fact, 62.0 percent of this neighborhood’s residents have Asian ancestry and 1.0% have Swiss ancestry.

S King St/Hausten St is also pretty special linguistically. Significantly, 12.3% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 99.9% of the neighborhoods in America.

The S King St/Hausten St area is very densely populated compared to most U.S. neighborhoods. In fact, with 32,353 persons per square mile in the neighborhood, it is more packed with people than 97.4 percent of the nation’s neighborhoods.

In addition, the S King St/Hausten 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 single family homes and condominiums sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 92.3 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 S King St/Hausten St neighborhood is that it is almost entirely dominated by large condominium complexes, apartment building and high-rises. 75.4 percent of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 96.6 percent of all neighborhoods in America.

More people in S King St/Hausten St choose to walk to work each day at 13.2 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.

Also, more commuters here take the bus to work at 15.6 percent and that’s more than 95.0% of all American neighborhoods. If you like the idea of leaving your car and home and hopping the bus to work, this might be a good neighborhood for you to consider.

With a nice mix of college students, safety from crime, and decent walkability, the S King St/Hausten St 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 is rated highly for a good place for college students to live than 87 percent of the neighborhoods in HI. This often also means that the area has certain amenities and services geared towards college students, from undergraduates to graduate students.

Many of those attracted to the area are teachers, professors, administrators or families with an interest in one of the schools for their children. Many home buyers coming into area are affiliated with the University of Hawaii and have children going to one of the private schools. If you have a college bound child check out my blog post on Kiddie Condos and see if it’s something that’s right for you.

In the S King St/Hausten St area, 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.

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 ancestries 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 S King St/Hausten St area, 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. 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 the S King St / Hausten St neighborhood is English, spoken by 57.9 percent of households. Other important languages spoken here include Japanese, which is spoken by 12.3 percent of households Tagalog, the first language of the Philippine region, Korean and Vietnamese.

S King St/Hausten St Neighborhood

McCully-Moiliili 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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