Honolulu, HI

Population: 350,399
Average annual home appreciation rate: 2.18%
Total of homes for sale in this market: 1,031
Median home price: $641,016
Median Rent: $1,545 per room
Home price range: 26.32% of homes are between $582,001 – $873,000
Median sales price: $510,000
Number of homes: 451
Median foreclosure sales price: Still gathering data
Foreclosure discount: N/A
Most common home type: 59.56% of homes are COMPLEXES OR HIGH RISE APARTMENTS
Number of vacant homes: 10.89%
Number of renters: 58.37%
Number of owner occupied: 41.63%
Number people living below poverty level: 12.09%
Unemployment rate: 3.20%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Honolulu area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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