The Home Buyer's Korner

Information presented should be used for educational purposes only.

June 28th, 2015

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Lilihi~Kapalama Neighborhood

Honolulu, Hawaii

Lilihi~Kapalama NeighborhoodMedian real estate prices in Lilihi-Kapalama are between $616,908 to $939,980, which is more expensive than 90.7 percent of the neighborhoods in Hawaii and 98.2 percent of the neighborhoods in the U.S. The average rental price in Lilihi-Kapalama is between $1170 to $1,427. Rents here are currently lower in price than 62.8% of Hawaii neighborhoods.

Liliha-Kapalam is an urban neighborhood located in Honolulu, Hawaii and primarily made up of medium sized three or four bedroom to large four, five or more bedroom single-family homes and town homes. Most of the residential real estate is owner occupied. Many of the residences in the Lilihi-Kapalama are older, well-established, built between 1940 and 1969, with some later development between 1970 and 1999.

Real estate vacancies in Lilihi-Kapalama are 5.8 percent, which is lower than one will find in 70.8 percent of American neighborhoods. Demand for real estate in Lilihi-Kapalama is above average for the U.S., and may signal some demand for either price increases or new construction of residential homes.

For many reasons, Lilihi-Kapalama area is ideal neighborhoods for first-time home buyers in the state of Hawaii. Homes here are priced below median housing values in the state. Not only does this neighborhood stand out for combining price and home value stability or increases, it also is a neighborhood with a high quality resident population, meaning this is likely a good place to buy, live, and enjoy. While many first time home buyers focus purely on low cost and convenient location, which can risk your investment in your first home and put you in a less than desirable neighborhood, this neighborhood is a true standout for a lot of reasons, and definitely worth a look if you are a first time home buyer. In addition to being an excellent choice for first-time home buyers, this neighborhood is also a very good choice for active retirees.

Lilihi-Kapalama resident are well-to-do, making it among the 15 percent highest income neighborhoods in America. The neighborhoods working population is at 43.9 percent and 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 29.4 percent of the residents employed. Other residents here are employed in clerical, assistant and tech support occupations at 16.5 percent and 12.2 percent in government jobs, whether they are in local, state, or federal positions.

Culture is shared and 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 Lilihi-Kapalama residents, most commonly identify their ethnicity or ancestry as Asian at 59.5 percent. There are also a number of people of English ancestry at 2.1 percent and residents who report Irish roots are at 1.9 percent. Some of the residents here are also of German ancestry at 1.4 percent. In addition, 12.9 percent of the residents of this neighborhood were born in another country.

The languages spoken by people in Lilihi-Kapalama 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 Lilihi-Kapalama is English, spoken by 80.5 percent of households. Other important languages spoken here include Chinese and Japanese.

LILIHI~KAPALAMA NEIGHBORHOOD

HONOLULU HOMES FOR SALE LISTINGS

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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.

To print this document click on “Open in New Window” located at the lower right corner;

click on “File”; then click on “Print”. In the center of the screen, you will have the option

to “Create A Printable PDF of the Presentation”.

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