Kakaako median real estate price is $1,139,736, which is more expensive than 60.1% of the neighborhoods in Hawaii and 92.6% of the neighborhoods in the U.S.
The average rental price in Kakaako is currently $3,913, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 65.2% of the neighborhoods in Hawaii.
Kakaako is a densely urban neighborhood (based on population density) located in Honolulu, Hawaii.
Kakaako real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and townhomes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Kakaako neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Kakaako. The current real estate vacancy rate here is 23.5%. This is higher than the rate of vacancies in 91.3% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (16.4%). This can occur in vacation areas, and occasionally it is also found in neighborhoods that are primarily filled with college students, as some apartments could be vacant when school is not in session. If you live here year round, you may find that a number of buildings in your neighborhood are actually empty.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
One of the really unique and interesting things about the look and setting of the Kakaako neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 92.7% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 98.6% of all neighborhoods in America.
In addition, the Kakaako neighborhood is very densely populated compared to most U.S. neighborhoods. In fact, with 38,402 persons per square mile in the neighborhood, it is more packed with people than 97.8% of the nation's neighborhoods.
Furthermore, if you like the look and ambience of new homes and newly built neighborhoods, you will love the Kakaako neighborhood. A whopping 68.5% of the homes and other residential real estate here were built after 1999, which is a higher proportion of new homes then you will find in 95.2% of the neighborhoods in the U.S. Everything here just feels new.
Our research shows that more people carpool to work here in the Kakaako (23.9%) than in 96.3% of the neighborhoods in America.
Also, more people in Kakaako choose to walk to work each day (12.4%) than almost any neighborhood in America. If you are attracted to the idea of being able to walk to work, this neighborhood could be a good choice.
Did you know that the Kakaako neighborhood has more Asian and Ukrainian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 67.8% of this neighborhood's residents have Asian ancestry and 3.0% have Ukrainian ancestry.
Kakaako is also pretty special linguistically. Significantly, 13.1% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 100.0% of the neighborhoods in America.
Some neighborhoods have more internal cohesiveness than others. While other neighborhoods feel like a collection of strangers who just happen to live near each other. Sometimes this comes down to not only the personalities of the people in a place, but how long people have been together in that neighborhood. NeighborhoodScout's research has revealed some interesting things about the rootedness of people in the Kakaako neighborhood. What is interesting to note, is that the Kakaako neighborhood has a greater percentage of residents born in another country (45.2%) than are found in 96.1% of all U.S. neighborhoods.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the Kakaako neighborhood in Honolulu are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 73.9% of the neighborhoods in America. With 33.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 84.7% of U.S. neighborhoods.
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 Kakaako neighborhood, 51.1% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 19.4% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.1%), and 14.4% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
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 Kakaako neighborhood is English, spoken by 58.2% of households. Other important languages spoken here include Japanese, Korean, Chinese and German/Yiddish.
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 Kakaako neighborhood in Honolulu, HI, residents most commonly identify their ethnicity or ancestry as Asian (67.8%). There are also a number of people of English ancestry (5.4%), and residents who report Ukrainian roots (3.0%), and some of the residents are also of Italian ancestry (2.7%), along with some German ancestry residents (2.5%), among others. In addition, 45.2% of the residents of this neighborhood were born in another country.
Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Kakaako neighborhood spend under 15 minutes commuting one-way to work (48.9% of working residents), one of the shortest commutes across America.
Here most residents (49.7%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (23.9%) and 12.4% of residents also hop out the door and walk to work for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.