The Home Buyer's Korner

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July 28th, 2015

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N Vineyard Blvd/Aala St Neighborhood

Iwilei Area Homes for Sale

Honolulu, Hawaii

AalaN Vineyard Blvd/Aala St area median real estate price is $365,656, which is less expensive than 87.9 percent of Hawaii neighborhoods and 18.6 percent of all U.S. neighborhoods.

The average rental price in N Vineyard Blvd/Aala St is currently $1,107 and rents here are currently lower in price than 84.9 percent of Hawaii neighborhoods. Real estate vacancies in N Vineyard Blvd/Aala St are 4.6 percent, which is lower than one will find in 78.5 percent of American neighborhoods. Demand for real estate in N Vineyard Blvd/Aala St area is above average for the U.S. and signals demand for either price increases or new construction of residential homes.

N Vineyard Blvd/Aala St area 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 N Vineyard Blvd/Aala St neighborhood 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. This particular neighborhood in Honolulu, the N Vineyard Blvd/Aala St neighborhood has some outstanding things about the way it looks and its way of life that are worth highlighting.

There are more people living in the N Vineyard Blvd/Aala St neighborhood employed as sales and service workers at 46.0 percent than almost any neighborhood in the country. From fast-food service workers to major sales accounts, sales and service workers make up the largest proportion of our national employment picture. But despite that size and importance nationally, this neighborhood still stands out as unique due to the dominance of people living here who work in such occupations.

Furthermore, the N Vineyard Blvd/Aala St neighborhood stands out nationally for having a greater proportion of its residents active in the military than 98.0 percent of other U.S. neighborhoods. If you come here, you will notice military people active in their jobs, going to and from work, and in plain clothes out and about the neighborhood.

How much and how often people move can create diverse and worldly neighborhoods. This neighborhood is unique with regard to the transience of its populace. What is interesting to note, is that the N Vineyard Blvd/Aala St neighborhood has a greater percentage of residents born in another country at 58.4 percent than are found in 99.1 percent of all U.S. neighborhoods.

If you like crowded places, then you will probably enjoy the N Vineyard Blvd/Aala St neighborhood. neighborhood is more densely populated than 96.7 percent of neighborhoods in the U.S., with 26,952 people per square mile living here.

In addition, one of the really unique and interesting things about the look and setting of the N Vineyard Blvd/Aala St neighborhood is that it is almost entirely dominated by large multi-family complexes, such as condominium complexes and high-rises. With 96.4 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 multi-family buildings than 99.4 percent of all neighborhoods in America.

Furthermore, 92.4 percent of the real estate in the N Vineyard Blvd/Aala St neighborhood is occupied by renters, which is nearly the highest rate of renter occupancy of any neighborhood in America.

Also of note, the N Vineyard Blvd/Aala St neighborhood 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 home or condominium sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 83.4 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.

The N Vineyard Blvd/Aala St neighborhood has a greater concentration of residents currently enrolled in college than 95.1 percent of the neighborhoods in the U.S. With 12.0 percent of the population here attending college, this is very much a college-focused neighborhood.

In addition, with a nice mix of college students, safety from crime, and decent walkability, the N Vineyard Blvd/Aala St neighborhood rates highly as a college student friendly place to live, and one that college student and their parents may want to consider. It rates more highly for a good place for college students to live than 89 percent of the neighborhoods in Hawaii, with amenities and services geared towards college students, from undergraduates to graduate students.

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 N Vineyard Blvd/Aala St neighborhood, 54.0 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 manufacturing and laborer occupations, with 20.6 percent of the residents employed. Other residents here are employed in executive, management, and professional occupations at 17.7 percent and 7.7 percent in clerical, assistant, and tech support 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 N Vineyard Blvd/Aala St neighborhood in Honolulu, HI, residents most commonly identify their ethnicity or ancestry as Asian at 75.8 percent. There are also a number of people of Puerto Rican ancestry at 1.3 percent. In addition, 58.4 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 N Vineyard Blvd/Aala St neighborhood is Chinese, spoken by 46.5 percent of households. Other important languages spoken here include English, Korean, Tagalog, which is the first language of the Philippine region and Japanese.

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N Vineyard Blvd/Aala St Neighborhood Homes for Sale Listings

Iwilei Area Homes for Sale

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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

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