BUILDING THE DREAM OF HOME OWNERSHIP
Makiki~Lower Punchbowl~ Tantalus, Hawaii
Makiki~Lower Punchbowl~Tantalus area median real estate prices vary from $433,583 to $1,107,189, which is more expensive than 95.5 percent of the neighborhoods in Hawaii and 99.0 percent of the neighborhoods in America. The average rental price is anywhere from $1192 to $2,558. The average rental cost in the area higher than 90.1 percent of the neighborhoods in Hawaii.
Makiki~Lower Punchbowl~Tantalus area real estate is primarily made up of medium sized (three or four bedroom) to large (four, five or more bedroom) single-family homes and town homes. Most of the residential real estate is owner occupied. Many of the residences in the area are older, well-established, built between 1940 and 1969, with a number of residences built before 1940.
Home and apartment vacancy rates are 8.3 percent and it’s a rate lower than 55.9 percent of the neighborhoods in America.
A unique way of commuting is simply to avoid travel all together and in the Makiki~Lower Punchbowl~Tantalus area 18.5 percent of the residents work from home, while 24.8 percent of commuters carpool. If you are attracted to the idea of getting a little exercise of the two-wheeled type while reducing your carbon footprint, bicycling to work might be the answer. But which neighborhood you live in can make this either impossible, or alternatively, a great and realistic option. The Round Top Drive/Tantalus Drive neighborhood is a fantastic option for bicycle commuters, as 3.4 percent of commuters here do ride their bikes to and from work on a daily basis.
Furthermore, if you are planning to retire in Hawaii, the Round Top Drive/Tantalus Drive neighborhood should be on your must-see list. For many reasons, the neighborhood is considered a retiree’s dream neighborhood. It’s peaceful and quiet, has above average safety from crime compared to other neighborhoods in Hawaii, while also offering a diverse range of housing options. This, along with the vibrant mix of very educated seniors and other age groups who choose to live here, makes the neighborhood more retiree-friendly than 97.5 percent of neighborhoods in Hawaii.
For many reasons, Makiki~Lower Punchbowl~Tantalus area is 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 the area 48.3 percent of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 19.8 percent of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations, making up 17.6 percent and 14.3 percent are in manufacturing and laborer occupations.
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A SIMPLE HOME SHOPPING INSPECTION TOOL
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