Honolulu, HI Community Information

Honolulu, HI Homes for Sale

Honolulu Metro and Neighborhood Information

Located on the island of Oahu, this 'sheltered bay' city is the capital and main port of Hawaii. With a population of 377,260, Honolulu makes up 80 percent of Hawaii's entire population. Through the years, Honolulu has grown to become not only a well-known tourist city but a thriving residential region as well.

Every Honolulu neighborhood exudes unique allure about it. The Capital District is the ideal place for people wanting to enjoy current and historic buildings and events surrounding Hawaii's state government. Especially popular among tourists, the suburb of Waikiki offers great views of the Diamond Head volcanic crater. Residents can enjoy daily hikes through the rain forests of the Makiki and Manoa Valleys or enjoy a night out in the vivacious Chinatown. Downtown has the tallest building in Hawaii, the First Hawaiian Center, with the Contemporary Museum featuring local Hawaiian art on the first three floors. The Arts District also features a variety of arts and cultural institutions.

Residential districts include Nuuanu and Pauoa, and the high-end luxury home areas of Waialae and Kahala. Popular neighborhoods include, Hawaii Kai, an area located just a 15-minute drive east of Honolulu. It is a newer neighborhood with its own lifestyle built right in. Maunalua Bay at the entrance to the town is a popular area for boating and jet skiing. With its beautiful beaches, it's a hot surfing destination.

Today, Honolulu neighborhoods are prime real estate locations. The tropical climate is driving more people to move to this exotic island. The coldest temperature ever recorded was 53 degrees! The warm weather gives residents a chance to enjoy the many attractions around the city. From the infamous volcanic crater, Diamond Head, to the Honolulu Zoo, with 1,230 mammals, birds and reptiles, residents and visitors alike never run out of things to do on the island. For sports fans, Honolulu is the home of the NFL's annual Pro Bowl and the NCAA Hawaii Bowl.

With the presence of historic U.S. Naval Base Pearl Harbor and Hickam Air Force Base in Honolulu, many military families have come to call the island of Oahu home. Honolulu has a lot to offer both historically and culturally. Begin your Honolulu home search today to find the right house for you!

Sources and other information:
http://www.honolulu.gov/
http://www.hawaiihistory.org/
http://www.honoluluzoo.org/
http://www.britannica.com/ebc/article-9367306
http://en.wikipedia.org/wiki/Diamond_Head%2C_Hawaii
http://travel.yahoo.com/p-travelguide-834941-honolulu_honolulu-i;_ylt=ApDzh0hQ5ZpPfz_RXdUfik9dFmoL
http://search.cnn.com/search.jsp?query=average%20price%20of%20homes%20in%20honolulu,%20nc&type=web&sortBy=date&intl=false
http://www.realtor.org/Research.nsf/files/MSAPRICESF.pdf/$FILE/MSAPRICESF.pdf
http://hawaiihousingbubble.blogspot.com/
http://www.forbes.com/2007/05/03/market-housing-overpriced-forbeslife-cx_mw_0504overpricedmost_slide_7.html?thisSpeed=15000
http://www.hawaiiweb.com/html/diamond_head.html http://en.wikipedia.org/wiki/First_Hawaiian_Center

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Honolulu, HI Community Information

Population

364,945

Median Age

42.2

Median Household Income

$62,211

Households with Children

39.69%

Median Travel Time to Work

25 minutes

Honolulu, HI Real Estate Market Information

Homes Owned

44.86%

Homes Rented

48.15%

Homes Vacant

7.00%

Honolulu, HI Home Price-Rent Ratio

The price-rent ratio is a great way to compare the costs of buying and renting both within a city and is useful to compare against other cities as well. Technically it is the average cost of ownership divided by the received rent income if buying to let. The formula is House Price / (Monthly Rent x 12).

1:1

Low Home Price-Rent Ratio

High Home Price-Rent Ratio

What does it mean?

1-10

It is less expensive to own than to rent a home in this city depending factors such as length of ownership.

11-20

The total costs of ownership of a home in this city are greater than the costs of renting, but it might still make financial sense depending on the situation.

21 or greater

The total costs of owning a home in this city are greater than the costs of renting depending factors such as length of ownership.

*Note that this index is a broad measure. Contact a local agent to understand local market conditions.

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Honolulu, HI School Information

These are the closest schools to your requested location. Proximity does not guarantee enrollment eligibility. Please consult your real estate agent or school district to confirm the schools you are zoned to attend.