Kaneohe, HI Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Kaneohe, HI Housing Market Trends

With a population of 37,430, 10,543 total housing units (homes and apartments), and a median house value of $898,761, Kaneohe house prices are not only among the most expensive in Hawaii, Kaneohe real estate also is some of the most expensive in all of America.

Single-family detached homes are the single most common housing type in Kaneohe, accounting for 66.76% of the town's housing units. Other types of housing that are prevalent in Kaneohe include large apartment complexes or high rise apartments ( 20.88%), row houses and other attached homes ( 7.26%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.00%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Kaneohe. Owner-occupied housing accounts for 69.48% of Kaneohe's homes, and 63.86% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Kaneohe's housing was primarily built during this period, from the '40s through the '60s. A full 47.73% of the town's housing hails from this era. Other housing ages represented in Kaneohe include homes built between 1970-1999 ( 45.24%) and housing constructed between 2000 and later ( 5.94%). There's also some housing in Kaneohe built before 1939 ( 1.08%).

Kaneohe Home Appreciation Rates

Appreciation rates for homes in Kaneohe have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 49.61%, which ranks in the top 50% nationwide. This equates to an annual average Kaneohe house appreciation rate of 4.11%.

Over the last year, Kaneohe appreciation rates have trailed the rest of the nation. In the last twelve months, Kaneohe's appreciation rate has been 9.52%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Kaneohe were at 3.85%, which equates to an annual appreciation rate of 16.33%.

Notably, Kaneohe's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Hawaii, our data show that Kaneohe's latest annual appreciation rate is lower than 90% of the other cities and towns in Hawaii.

One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Kaneohe differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Kaneohe - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Kaneohe real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$898,761

Kaneohe, HI HOME PRICES

> $1,147,000
11.5%
11.5%
$860,001 - $1,147,000
40.7%
40.7%
$573,001 - $860,000
32.8%
32.8%
$459,001 - $573,000
9.0%
9.0%
$344,001 - $459,000
3.5%
3.5%
$229,001 - $344,000
1.2%
1.2%
$115,001 - $229,000
0.7%
0.7%
$57,001 - $115,000
0.2%
0.2%
$0 - $57,000
0.5%
0.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

Very High for HI

Value Relative To Nation

Number Of Homes And Apartments:
10,543

Kaneohe Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
HI*
Compared To
America*
Latest Quarter:
2021 Q2 - 2021 Q3
Last 12 Months:
2020 Q3 - 2021 Q3
Last 2 Years:
2019 Q3 - 2021 Q3
Last 5 Years:
2016 Q3 - 2021 Q3
Last 10 Years:
2011 Q3 - 2021 Q3
Since 2000:
2000 Q1 - 2021 Q3
194.85% 5.10%
5
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$3,092 / per month

Homeownership Rate

Owners
69.5%
69.5%
Renters
30.5%
30.5%
Vacant
5.8%
5.8%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
5.9%
5.9%
1970 - 1999
45.2%
45.2%
1940 - 1969
47.7%
47.7%
1939 or Older
1.1%
1.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
66.8%
66.8%
Townhomes
7.3%
7.3%
Small Apt. Buildings
5.0%
5.0%
Apt. Complexes
20.9%
20.9%
Mobile Homes
0.1%
0.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.7%
1.7%
1 Bedroom
4.7%
4.7%
2 Bedrooms
21.9%
21.9%
3 Bedrooms
43.6%
43.6%
4 Bedrooms
20.3%
20.3%
5 or more bedrooms
7.8%
7.8%
0.0% 100.0%
% OF HOMES