There are currently 126,088 real estate properties in Honolulu, HI, with a median automated valuation model (AVM) price of $718,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Honolulu, HI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Honolulu, HI, is $877,110.00, with the most expensive house in Honolulu, HI, topping out at $35,294,100.00 and the cheapest home in Honolulu, HI, clocking in at $39,200.00. In other words, there’s something for every potential homebuyer or savvy investor in Honolulu, HI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Honolulu, HI, is on a rollercoaster ride. The average rent price in Honolulu, HI, is $2,633.00. Indeed, when looking to rent in Honolulu, HI, you can expect to pay as little as $890.00 or as much as $10,000.00, with the average rent median estimated to be $2,490.00. The good news is that finding an affordable and desirable property to rent in Honolulu, HI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Honolulu, HI area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Honolulu, HI and much more. Save thousands at closing with home foreclosure listings in Honolulu, HI — up to 75% off market value!
Honolulu is located in Honolulu, Hawaii, with an estimated municipal population of 345,064 residents. All of the best foreclosed homes for sale in Honolulu are located in the following zip code areas on Foreclosure.com: 96859 96850 96822 96826 96813 96815 96814 96817 96816 96819 96818 96801 96802 96803 96804 96805 96806 96807 96808 96809 96810 96811 96812 96820 96823 96828 96830 96836 96837 96838 96839 96840 96841 96843 96844 96846 96847 96848 96849 96858 96898. The estimated population per square kilometer (.62 miles) in Honolulu is 2,200.
So, about how much do homes cost in Honolulu? The most recent median value of resident-owned homes in Honolulu is 682,995. An estimated 44.7 percent of households in Honolulu own their homes, with an average family size of 3.38. The median household income in Honolulu is 71,465, with34.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Honolulu, the median commute time of resident workers (in minutes) is 23.7. And last, but certainly not least, are you looking for homes to rent in Honolulu? If so, the average rent price paid by renters in Honolulu is 1,491, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Honolulu, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Honolulu is 41.5, split between 49.8 percent male versus 50.2 female. The percentage of residents who report being married in Honolulu is 45.8, with an average family size of 3.38.
The percentage of residents who report their race in Honolulu is as follows:
|Black / African American||2%|
|American Indian / Alaskan Native||0.1%|
|Native Hawaiian / Other Pacifc Islander||8%|
Looking for family-friendly neighborhoods in and/or near Honolulu? Or maybe you are searching for 55+ active adult communities in and/or near Honolulu?
The percentage of residents who report their age in Honolulu is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Honolulu with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Honolulu.
How do you know that living in -- or moving to -- Honolulu is right where you need to be? Perhaps you grew up in Honolulu or already live nearby; therefore, the decision to buy a home in Honolulu is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Honolulu for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Honolulu:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Honolulu.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Honolulu can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Honolulu, meanwhile, can field multiple offers from more qualified buyers.
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