The Home Buyer's Korner

Information presented should be used for educational purposes only.

August 21st, 2015

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BUILDING THE DREAM OF HOME OWNERSHIP

Crestview Neighborhood, Waipahu, Hawaii

CrestviewVillage Park median real estate price is $640,127, which is more expensive than 55.2 percent of the neighborhoods in Hawaii and 94.4 percent of the neighborhoods in the U.S.

The average rental price in Village Park is currently $2,404 and the average rental cost in this neighborhood is higher than 84.0 percent of the neighborhoods in Hawaii. In Village Park, the current vacancy rate is 3.1 percent, which is a lower rate of vacancies than 87.2 percent of all neighborhoods in the U.S. This means that the housing supply in Village Park is very tight compared to the demand.

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

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.

Village Park is among the best neighborhoods for families in Hawaii. In fact, this neighborhood is more family-friendly than 98.5 percent of neighborhoods in the entire state of Hawaii. Its combination of top public schools, low crime rates, and owner-occupied single family homes gives this area the look and feel of a “Leave It to Beaver” episode. Many other families also live here, making it easy to socialize and develop a strong sense of community. In addition, the high number of college-educated parents influences the academic success of the local schools. Overall, you will find all of the amenities a family needs to thrive in the Village Park neighborhood.

If you come to know the people here, you will recognize that you’re in the company of one of the wealthiest communities in the nation. In fact, a mere 4.1 percent of America’s neighborhoods are wealthier than the Village Park neighborhood. Real estate here is exceedingly well-maintained, and similarly, tends to maintain its value over time. The cars driven are mostly luxury brands like Mercedes, Audi, BMW, and Lexus. If the public schools aren’t up to snuff, the residents of this neighborhood preferentially send their children to private preparatory schools and vacation at Disney, but equally popular are summers in Europe.

The Village Park neighborhood has a greater proportion of government workers living in it than 97.3 percent of the neighborhoods in America and a unique feature of this neighborhood that shapes its character.

This Village Park neighborhood has earned the distinction of having one of the highest rates of detached, single-family homes of any neighborhood in the U.S. With 99.4 percent of the residential real estate here made up of free-standing single-family homes, there is a greater proportion of single-family homes here than in 98.9 percent of all neighborhoods in America.

The neighbors in the Village Park neighborhood in Waipahu are well-to-do, making it among the 15 percent highest income neighborhoods in America and this neighborhood has a higher income than 95.9 percent of the neighborhoods in America.

In the Village Park neighborhood, 39.5 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 21.5 percent of the residents employed. Other residents here are employed in manufacturing and laborer occupations at 20.0 percent and 19.0 percent in clerical, assistant, and tech support occupations.

Culture is the shared/learned 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 Village Park neighborhood in Waipahu, Hawaii, residents most commonly identify their ethnicity or ancestry as Asian at 56.1 percent. There are also a number of people of German ancestry at 5.3 percent and residents who report Spanish roots at 4.9 percent. Some of the residents are also of Mexican ancestry at 1.9 percent, along with some Portuguese ancestry residents at 1.1 percent, among others. In addition, 27.3 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 Village Park neighborhood is English, spoken by 66.8 percent of households. Other important languages here include Tagalog, the first language of the Philippine region) and spoken by 13.0 percent of households, followed by German, Korean and Japanese.

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HOME OWNERSHIP TOOLS

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Find Real Estate Agents, Mortgage Lenders, and General Contractors ready to assist you with all your home purchasing needs.

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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