The Home Buyer's Korner

Information presented should be used for educational purposes only.

August 3rd, 2015

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Wiamalu Homes for Sale

Aiea, Hawaii 96701

WaimulaWaimalu area median real estate price is $748,308, which is more expensive than 74.1 percent of the neighborhoods in Hawaii and 96.3 percent of the neighborhoods in the U.S.

The average rental price in Waimalu is currently $2,452 and the average rental cost in this neighborhood is higher than 85.6 percent of the neighborhoods in Hawaii. In Waimalu, the current vacancy rate is 2.8 percent, which is a lower rate of vacancies than 88.6 percent of all neighborhoods in the U.S. This means that the housing supply in Waimalu is very tight compared to the demand for property here.

 

Waimalu is a suburban neighborhood located in Aiea, Hawaii, primarily made up of medium sized three or four bedroom to large four, five or more bedroom single-family homes and condominium complexes. Most of the residential real estate is owner occupied. Many of the residences in the Waimalu neighborhood are established, but not old, built between 1970 and 1999, with a number of residences built between 2000 and present day.

When you see a neighborhood for the first time, the most important thing is often the way it looks, like its homes and its setting. Some places look the same, but they only reveal their true character after living in them for a while because they contain a unique mix of occupational or cultural groups. This neighborhood is very unique in some important ways.

If you are planning to retire in Hawaii, this neighborhood should be on your must-see list. For many reasons, Waimalu may be considered a retiree’s dream neighborhood. It’s peaceful and quiet, has above average safety from crime compared to other neighborhoods in Hawaii, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 96.9 percent of neighborhoods in Hawaii. If a Hawaii retirement is in your future, this neighborhood should be one of the places you visit. In addition to being an excellent choice for active retirees, this neighborhood is also a very good choice for families with school-aged children and highly educated executives.

Most neighborhoods are composed of a mixture of ages of homes, but the Waimalu stands out as rather unique in having nearly all of its residential real estate built in one time period, namely between 1970 and 1999, generally considered to be established, but not old housing. What you’ll sense when you look around or drive the streets of this neighborhood is that many of the residences similarity in age. In fact, 96.5 percent of the residential real estate here was built in this one time period.

 

Your future neighbors in the Waimalu neighborhood in Aiea are well-to-do, making it among the 15 percent highest income neighborhoods in America and the neighborhood residents on average have higher incomes than 97.0 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 Waimalu neighborhood, 49.5 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 21.8 percent of the residents employed. Other residents here are employed in government jobs, whether they are in local, state, or federal positions at 14.7 percent and 14.4 percent in clerical, assistant, and tech support occupations.

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 Waimalu neighborhood in particular stands out when compared nationally to the proportion of its working residents who are employed by the government. At 14.7 percent of its workforce, this neighborhood has a greater concentration of government workers than 96.6 percent of U.S. neighborhoods.

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 Waimalu neighborhood in Aiea, Hawaii, residents most commonly identify their ethnicity or ancestry as Asian at 66.4 percent. There are also a number of people of Irish ancestry at 2.9 percent and residents who report German roots at 2.7 percent. Some of the residents are also of English ancestry at 1.6 percent, along with some Portuguese ancestry residents at1.1 percent, among others.

The most common language spoken in the Waimalu neighborhood is English, spoken by 90.4 percent of households. Some people also speak Japanese at 4.2 percent.

 

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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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