The Home Buyer's Korner

Information presented should be used for educational purposes only.

July 26th, 2015

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BUILDING THE DREAM OF HOME OWNERSHIP

U of Hawaii at Manoa/University Ave area

Honolulu, Hawaii

U of H

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U of Hawaii at Manoa/University Ave area median real estate price is $896,683, which is more expensive than 89.0 percent of the neighborhoods in Hawaii and 97.9 percent of the neighborhoods in the U.S.

The average rental price in U of Hawaii at Manoa/University Ave is currently $1,494, and rents here are currently lower in price than 57.2 percent of Hawaii neighborhoods. Real estate vacancies in U of Hawaii at Manoa/University Ave are 6.6 percent, which is lower than one will find in 65.8 percent of American neighborhoods. Demand for real estate in U of Hawaii at Manoa/University Ave is above average for the U.S., and signals a demand for either price increases or new construction of residential homes.

U of Hawaii at Manoa / University Ave 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 U of Hawaii at Manoa/University Ave neighborhood are older, well-established, built between 1940 and 1969.with a number of residences built between 1970 and 1999.

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. This particular neighborhood in Honolulu, the U of Hawaii at Manoa/University Ave neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

The U of Hawaii at Manoa/University Ave neighborhood has a greater concentration of residents currently enrolled in college than 99.4 percent of the neighborhoods in the U.S. With 58.5 percent of the population here attending college, this is very much a college-focused neighborhood. 

Many home buyers coming into the area are affiliated with the University of Hawaii and have children going to one of the private schools and if you have a college bound child check out our blog post on Kiddie Condos and see if it’s something that’s right for you.

In the U of Hawaii at Manoa/University Ave neighborhood, walking to work is a real option for many. In fact, walking to and from work is the chosen way to commute for 25.5 percent of residents here. This is a higher proportion of walking commuters than we found in 98.4 percent of American neighborhoods. Get ready to put on your walking shoes if you move here!

Also, if your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 3.5 percent of residents in the U of Hawaii at Manoa/University Ave neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 95.7 percent of all neighborhoods in the U.S.

Finally, 15.6 percent of commuters here take the bus to work, which is greater than 95.0 percent 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.

How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one’s surroundings and a lack of connectedness to one’s neighbors. This neighborhood is unique with regard to the transience of its populace. In the U of Hawaii at Manoa/University Ave neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 98.3 percent of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

In addition, 87.7 percent of the real estate in the U of Hawaii at Manoa/University Ave neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Your future neighbors in the U of Hawaii at Manoa/University Ave neighborhood enjoy upper-middle class incomes and have a higher income than 63.0 percent of the neighborhoods in America.

In the U of Hawaii at Manoa/University Ave neighborhood, 37.0% of the working population are 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 31.6 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 19.9 percent and 11.5 percent in manufacturing and laborer occupations.

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

In the U of Hawaii at Manoa / University Ave neighborhood residents, most commonly identify their ethnicity or ancestry as Asian at 38.3 percent. There are also a number of people of Mexican ancestry at 3.3 percent and residents who report Portuguese roots at 2.9 percent. Some of the residents are also of Cuban ancestry at 2.2 percent, along with some Irish ancestry residents at 1.9 percent, among others. In addition, 20.9 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 U of Hawaii at Manoa/University Ave neighborhood is English, spoken by 76.7 percent of households. Other important languages spoken here include Japanese, spoken at 5.7 percent of households, followed by Chinese, Spanish and Tagalog the first language of the Philippine region.

U of Hawaii at Manoa/University Ave Homes for Sale Listings

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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