BUILDING THE DREAM OF HOME OWNERSHIP
Ewa Gentry/Ewa Villages, Ho’opili median real estate price is $414,300 to $508,978, which is more expensive than 33.8 percent of the neighborhoods in Hawaii and 90.8 percent of the neighborhoods in the U.S. The average rental price in Ewa Gentry/Ewa Villages, Ho’opili is currently $1,326 to $1776. Rents here are currently lower in price than 72.4 percent of Hawaii neighborhoods.
Ewa Gentry/Ewa Villages, and Ho’opili real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes, planned unit developments, townhomes and condominiums. Most of the residential real estate is owner occupied. Many of the residences in the Ewa Gentry/Ewa Villages and Hoopili neighborhood are established, but not old, having been built between 1970 and 1999. Underway is a new mini-city just north named Hoopili with 11,750 units planned for development by home builder D.R. Horton with many homes qualifying for affordable housing and will greatly relieve the housing shortage Honolulu has been dealing with, but it comes at a cost as the land is in some of the richest farmland on Oahu. Controversy has been created on its development, but the latest indications are the project takes place. Learn more about Hoopili by bookmarking my blog.
For many reasons, Ewa Gentry/Ewa Villages, and Ho’opili areas are ideal neighborhoods for first-time home buyers in the state of Hawaii. Homes here are priced below median housing values in the state. Not only does this neighborhood stand out for combining price and home value stability or increases, it also is a neighborhood with a high-quality resident population, meaning this is likely a good place to buy, live, and enjoy. While many first time home buyers focus purely on low cost and convenient location, which can risk your investment in your first home and put you in a less than desirable neighborhood, this neighborhood is a true standout for a lot of reasons, and definitely worth a look if you are a first time home buyer. In addition to being an excellent choice for first-time home buyers, this neighborhood is also a very good choice for active retirees.
In Ewa Gentry/Ewa Villages, and Ho’opili, the current vacancy rate is 0.0%, which is a lower rate of vacancies than 100.0% of all neighborhoods in the U.S. This means that the housing supply in Ewa Gentry/Ewa Villages is very tight compared to the demand for property here, a very elite group. Such a low vacancy rate indicates very strong real estate demand in the neighborhood combined with some impediments to increasing supply.
In Ewa Gentry/Ewa Villages, and Ho’opili area, 36.0 percent of the working population is employed in sales and service jobs, from major sales accounts to working in fast food restaurants. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 22.7 percent of the residents employed. Other residents here are employed in executive, management, and professional occupations at 21.3 percent, and 19.5 percent in clerical, assistant and tech support occupations.
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