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Real Estate Prices & Overview

Kakaako median real estate price is $1,077,314, which is more expensive than 67.3% of the neighborhoods in Hawaii and 92.7% of the neighborhoods in the U.S.

The average rental price in Kakaako is currently $3,483, based on NeighborhoodScout's exclusive analysis. The average rental cost in this neighborhood is higher than 61.4% 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 30.6%. This is higher than the rate of vacancies in 94.9% of all U.S. neighborhoods. A relatively large percentage of housing here is seasonally occupied (19.8%). 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.

Notable & Unique Neighborhood Characteristics

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 Kakaako neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

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. 94.1% 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 98.8% 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.

Occupations

The Kakaako neighborhood stands out nationally for having a greater proportion of its residents active in the military than 97.2% 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.

Modes of Transportation

In the Kakaako neighborhood, walking to work is a real option for many. In fact, NeighborhoodScout's exclusive research reveals walking to and from work is the chosen way to commute for 14.7% of residents here. This is a higher proportion of walking commuters than we found in 97.0% of American neighborhoods. Get ready to put on your walking shoes if you move here!

Diversity

Did you know that the Kakaako neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 61.7% of this neighborhood's residents have Asian ancestry.

Kakaako is also pretty special linguistically. Significantly, 13.8% 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.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this 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 68.6% of the neighborhoods in America. With 33.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 84.0% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Kakaako neighborhood, 48.3% 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 21.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (17.2%), and 13.5% in sales and service jobs, from major sales accounts, to working in fast food restaurants.

Languages

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 59.8% of households. Other important languages spoken here include Korean, Japanese, Chinese and German/Yiddish.

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the Kakaako neighborhood in Honolulu, HI, residents most commonly identify their ethnicity or ancestry as Asian (61.7%). There are also a number of people of English ancestry (5.8%), and residents who report German roots (4.8%), and some of the residents are also of Italian ancestry (3.1%), along with some Swedish ancestry residents (2.1%), among others. In addition, 39.7% of the residents of this neighborhood were born in another country.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in Kakaako neighborhood spend under 15 minutes commuting one-way to work (51.8% of working residents), one of the shortest commutes across America.

Here most residents (45.6%) 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 (21.9%) and 14.7% 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.


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