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Hawaii Real Estate


According to census data in the year 2000 there were 460,542 housing units in Hawaii. This represents a 18.1% from 389,810 in 1990.

Of those housing units, 414,720 were located in either urbanized areas or urban clusters, and 45,822 were located in what is classified as a rural area.

Homeownership rate in Hawaii is about 56.5%. Hawaii's vacancy rate, including seasonal lodging, is about 12.4%. Average household size is 2.92 people.

The majority of houses, apartments or condos in Hawaii were built after 1974.

Statistics

Housing Size

Housing Units by Size
Studio Type8.9%
One Bedroom18.8%
Two Bedrooms26.6%
Three Bedrooms30.2%
Four Bedrooms11.2%
Five Bedrooms or more4.4%
As % of Housing Units
           

Owned Homes, Apartments and Condos

Average Household Size3.11
Median year structure was built1975
Median Value of occupied units$272,700
Median Price asked for vacant units$211,400

Rented Homes, Apartments and Condos

Average Household Size2.66
Median year structure was built1973
Median Monthly Rent asked for vacant units$751

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.1%
Second Mortgage8.2%
Home Equity Loan10.2%
Simple Mortgage51.3%
Debt Free29.8%
As % of Housing Units
         
Median part of Monthly Household Income dedicated to covering home ownership costs20.9%

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