The Home Buyer's Korner

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July 27th, 2015

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S Beretania St/Alapai St Area

Honolulu, Hawaii

AlapS Beretania St/Alapai St median real estate price is $354,517, which is less expensive than 90.7 percent of Hawaii neighborhoods and 19.7 percent of all U.S. neighborhoods.

The average rental price in S Beretania St/Alapai St is currently $1,178 and rents here are currently lower in price than 80.9 percent of Hawaii neighborhoods.

S Beretania St/Alapai St 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 S Beretania St/Alapai St neighborhood are established but not old, having been built between 1970 and 1999 with a number of residences built between 1940 and 1969.

Real estate vacancies in S Beretania St/Alapai St are 5.0 percent, which is lower than one will find in 76.4 percent of American neighborhoods. Demand for real estate in S Beretania St/Alapai St is above average for the U.S. and signals demand for either price increases or new construction of residential homes.

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 many important ways.

In the S Beretania St/Alapai St neighborhood, walking to work is a real option for many. In fact, walking to and from work is the chosen way to commute for 13.1 percent of residents here. This is a higher proportion of walking commuters than we found in 95.6 percent of American neighborhoods. Get ready to put on your walking shoes if you move here!

Also, would you like to be able to ride your bike to work? If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option, as 3.4 percent of commuters here do ride their bikes to and from work on a daily basis. This is a higher amount than we found in 95.5 percent of the neighborhoods in America.

Finally, more people ride the bus in this neighborhood each day to get to work than 95.4 percent of U.S. neighborhoods.

One of the most interesting things about the S Beretania St/Alapai St neighborhood is that it has a greater concentration of residents who live alone than most all neighborhoods in America. With 46.3 percent of the households here made up of people living alone, it has a larger proportion of people living alone than in 95.0 percent of the neighborhoods in America.

In addition, the S Beretania St/Alapai 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 91.9 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.

Furthermore, one of the really unique and interesting things about the look and setting of the S Beretania St/Alapai St neighborhood is that it is almost entirely dominated by large condominium complexes and high-rises at 83.5 percent of the residential real estate here and classified as such. This puts this neighborhood on the map as having a higher proportion of large condominium complexes than 97.7 percent of all neighborhoods in America.

Your future neighbors in the S Beretania St/Alapai St neighborhood enjoy middle class incomes and have a higher income than 42.9 percent of the neighborhoods in America.

In the S Beretania St/Alapai St neighborhood, 39.0 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 executive, management, and professional occupations, with 34.3 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations at 17.5 percent and 12.8 percent in government jobs, whether they are in local, state, or federal positions.

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 S Beretania St/Alapai St area, residents most commonly identify their ethnicity or ancestry as Asian at 49.2 percent. There are also a number of people of German ancestry at 1.7 percent and residents who report Croatian roots at 1.4 percent. Some of the residents are also of Mexican ancestry at 1.4 percent, along with some Puerto Rican ancestry residents at 1.2 percent, among others. In addition, 30.8 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 S Beretania St/Alapai St neighborhood is English, spoken by 65.1 percent of households. Other important languages spoken here include Japanese spoken by 4.2 percent of households, Korean, Chinese and Vietnamese.

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S Beretania St/Alapai St 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.

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