Oahu’S Single-Family Home Count?

In April, single-family home and condo sales in Hawaii increased by 26. 0 year-over-year and 13. 9 month-over-month, respectively. Condo sales saw a 2. 6 rise compared to the same time last year, with 431 units sold. The Honolulu Board of Realtors reported that 3, 474 single-family homes were sold in 2022, a drop of 23. 3 from the 4, 526 homes sold in 2021. In the first half of 2022, 5, 650 single-family homes and condos were sold, 1 more than the 5, 580 sold in the first half of 2021.

Hawai’i Island remains the most affordable for a median-income four-person household with typical financing, with the median price for single-family homes being $472, 500 in June, and the price of condos surpassing it at $485, 000. There are few single-family homes for sale that would be affordable for a median-income four-person household with typical financing. Most of these homes can be found in Leeward Oahu, with Hawai’i Island remaining the most affordable.

In May 2021, the median price for single-family homes on Oahu was $978, 000, breaking the previous record of $950, 000 sent in March. Condo prices also boomed, with single-family homes rising 9. 6 to 298 and condos up 5. 5 to 597 year-over-year. Overall transactions in 2023 numbered only half what they were in 2021, with only a 0. 4 increase in single-family home sales on Oahu in August 2024.

In January 2023, there was an anemic only 150 home sales on Oahu, with Hawai’i County seeing the largest share, permitting 4, 700 units while Honolulu permitted 4, 000. Single-family home permits over the past five years have increased by 22. 7 percent.

Oahu is a city in Hawaii with 34 neighborhoods and 3, 595 homes for sale, ranging from $37K to $50M. Affordable multi-families are available for $699K. The United States has reported a 307. 000 Unit Th in Urban Honolulu, Hawaii, in July 2020, an increase from the previous number of 300. 000 Unit Th in June.

How Many Homes Are Currently For Sale In Hawaii?

In Hawaii, the real estate market presents a limited number of homes compared to other states, with only a handful available in desired neighborhoods and budgets. Currently, there are about 7, 506 homes for sale across the islands, including 2, 073 in Honolulu alone, reflecting a 7. 7% increase from the previous month. The median list price in Hawaii is $798, 000, with an average price per square foot of $656. Inventory has risen to around 6, 831 homes, marking a year-over-year increase of 29.

4%. Despite growing inventory, sales declined significantly, with only 1, 940 homes sold in 2023, down from 2, 621 the previous year. Recent listings show an increase in affordable options, leading to higher buyer interest as mortgage payments remain low. Notably, homes are averaging around 80 days on the market, signaling potential growth in demand as buyers anticipate returning to the market in late 2024. Overall, active listings reflect a modest increase, indicating a gradual recovery in Hawaii's housing market amidst fluctuating sales and changing prices.

How Many Homes Are On Oahu?

Oahu boasts a total of 328, 542 housing units, with a median construction year of 1975. Among the 297, 853 occupied units, 58. 86% are owner-occupied, while 41. 14% are rented. The vacancy rate in Oahu is at 9. 2%, equating to 34, 253 unoccupied homes. Recent estimates indicate that between April 2020 and July 2023, Hawaii's population decreased by 1. 4%, despite an increase in housing units. The data also reveals a year-over-year decline of 0. 7% in single-family home values, while condominiums experienced a slight increase of 1.

1%. Notably, 76, 622 homes were identified as vacant in Hawaii as per the 2020 census. Amidst the ongoing changes in the real estate market, new listings for single-family homes and condos show positive growth, with 349 and 656 new listings respectively. As of October 2024, the median listing price for homes in Oahu is $699, 000, reflecting an 8. 6% decrease year-over-year. The lowest home price growth in the state has been recorded in Honolulu County, with prices rising by 277% since 2000.

Across Hawaii, a total of 568, 075 housing units were estimated in 2022, with 14% reported vacant. Sales activity in Oahu remains mixed, showing a 20% increase in home sales, while condo sales remained flat. Therefore, those considering life in Oahu face not only the allure of its landscapes but also the complexities of its housing market.

Which City Has The Most Single-Family Homes?

In the United States, single-family homes dominate the housing landscape, with approximately 82 million out of 129 million occupied units as of 2021. New York is unique, as it has the highest proportion of multi-family units, with 46. 8 single-family units. In comparison, 35 states report over 70 single-family units. The Greater Houston area leads in new single-family home construction permits this year, tallying 29, 687 permits. Other notable metro areas for housing construction include Dallas-Fort Worth and growing Sunbelt cities.

Hartford, Connecticut recorded the fewest single-family permits, illustrating the contrast in construction activity across the country. Bakersfield, CA, surprisingly features the highest percentage of single-family homes at 76. 2%. Cities with substantial single-family home stocks include Detroit, Wichita, Oklahoma City, and Memphis. Analyses show that regions like Atlanta, Houston, and Los Angeles continue to attract buyers for single-family homes, while certain cities reveal high vacancy rates among newly constructed single-family premises.

Who Owns Most Of Oahu?

Who owns Oahu? The State of Hawaii is the largest landowner with approximately 94, 000 acres, followed by the U. S. Federal Government, holding over 61, 000 acres. Kamehameha Schools ranks third, owning about 47, 000 acres. The City and County of Honolulu manages over 18, 000 acres. The County of Hawaii owns nearly 10, 000 acres on the Big Island, while the County of Maui possesses 209 acres on Lanai, over 8, 158 acres on Maui, and 264 acres on Molokai.

Notably, Office of Hawaiian Affairs CEO Kamanaʻopono Crabbe emphasizes that "no one owns Oʻahu," underscoring the idea of collective stewardship rather than individual ownership. Hawaii's total land area is around 4 million acres, with the state government controlling a significant majority at 1. 6 million acres. Prominent investors like Larry Ellison and Oprah Winfrey have also acquired considerable land in Hawaii. The ownership landscape includes entities such as Blackstone, which owns residential buildings and resorts on Oahu and throughout the islands.

The top three landowners—The State of Hawaii, the U. S. Federal Government, and Kamehameha Schools—collectively hold almost half of Oahu's land. The intricate ownership includes various private and institutional stakeholders, reflecting the island's diverse land management and ownership complexities.

What State Has The Most Single-Family Homes?

In the United States, the majority of housing units are single-family homes, totaling approximately 82 million out of 129 million occupied units in 2021. While New York is the only state where multi-family units dominate (46. 8% single-family), 35 states boast 70 or more single-family units, with Idaho (78. 3), Iowa (78. 2), and Kansas (78. 1) at the forefront. Among large cities with populations over 350, 000, single-family housing shares range dramatically from 74.

2% in Detroit to 17. 0% in New York City. Houston stands out as having the highest volume of single-family homes, with 219, 718 units. The southern U. S. has been the fastest-growing region for new single-family homes, accounting for the majority of recent constructions. The annual appreciation for single-family housing was reported at 6. 5% in 2023. Notably, Oklahoma and Mississippi had the highest percentages of recent single-family home purchases at 96.

1% and 95%, respectively. Vermont recorded the highest vacancy rate, at 22. 86%, while overall, there are about 16 million empty homes across the nation. This landscape highlights the dominance and variability of single-family housing throughout the U. S., with significant regional differences and trends in home construction.

How Much Does It Cost To Live In Oahu?

Oahu's cost of living is notably high, with a median home price of $1, 200, 000, reflecting the island's appeal. Located south of Honolulu and between Hawaii Kai and the city, Oahu offers a blend of city life and natural beauty. The average monthly living expenses are around $3, 039, ranking Honolulu within the top 1% of the most expensive cities globally. A family’s estimated budget can reach up to $7, 980, while single individuals might spend about $2, 457 monthly.

Housing costs are significant, with two-bedroom apartments averaging over $2, 000, while a median price for a home lies around $1, 688, 717. Rent for a two-bedroom typically starts at $1, 800, escalating to $4, 153 in some areas. Furthermore, transportation and food also contribute to rising costs, with the gasoline price at $4. 59 per gallon. A healthy lifestyle can necessitate salaries from $70, 000 for individuals and $120, 000-$200, 000 for families due to the expensive housing market.

While Oahu is a destination for its idyllic surroundings and outdoor adventures, residents must navigate a financial landscape marked by a high cost of living. Despite these challenges, the island boasts a low poverty rate and offers diverse living experiences, highlighted by lifestyle videos and local expertise for potential newcomers.

How Many Vacant Homes Are There In Oahu?

According to census data, there are roughly 34, 000 vacant housing units statewide in Hawaii, with approximately 18, 000 estimated on Oahu alone. Even filling half of these units could significantly alleviate housing shortages. Notably, 76, 622 homes were recorded as vacant in the islands based on the 2020 census, aligning with a national report estimating around 34, 253 unoccupied homes on Oahu. Areas like Waikīkī and Kakaʻako are home to many of these vacant properties.

Proposed legislation, Bill 46, seeks to impose an incremental tax on vacant dwellings over three years, which could impact property owners significantly. The vacancy rate has hovered around 12. 4% since 2000, and in 2020, it was 12. 6% for Hawaii overall. Meanwhile, housing prices remain high, with single-family homes nearing $1 million in Maui and Honolulu. The Honolulu City Council is advancing a bill to address this issue further, which could potentially free up unused housing. Overall, with about 35, 000 unoccupied units contributing to the housing crisis, this proposed empty homes tax aims to create a more effective housing market in Oahu.

How Many Housing Units Are There In Hawaii?

The Hawaii Public Housing Authority (HPHA) oversees 6, 196 public housing units statewide, with approximately 45 units becoming available each month for around 40, 000 individuals on their waiting list, as stated by Executive Director Hakim Ouansafi. As of January 2024, the Hawaii Housing Finance and Development Corporation (HHFDC) reported 26, 199 affordable housing units in its inventory. From April 2020 to July 2023, Hawaii's population declined by 1.

4%, despite a 2. 0% growth in housing units. Many housing units are owner-occupied, reflecting a shift from reliance on rental housing over the past century. In 2020, Hawaii had 554, 102 housing units, with a vacancy rate of 13. 83%, ranking it 42nd among states. By July 1, 2022, the number had increased to 568, 075 units. In 2022, there were about 20, 421 occupied subsidized housing units. Current estimates suggest a need for 25, 737 additional units based on projected population growth.

The state faces the highest housing costs in the United States, impacting residents’ standard of living. Approximately 23, 484 subsidized housing units were available in 2023. Despite programs aimed at affordable housing, around 3, 500 homes have been built or approved, showcasing ongoing challenges in meeting housing demands. Recent data indicates fluctuations in new housing unit permits, reflecting the complexity of Hawaii's housing market.

What Is The Current Population Of Oahu?

In 2021, Oahu's population was 995, 638, an increase from 953, 207 in 2010, representing about 70% of Hawaii's total population of 1, 455, 271, with roughly 81% residing in or near Honolulu. Oahu is the largest island, followed by Hawaii Island at 186, 738 residents and Maui at 144, 444. The U. S. Census reported an overall population increase to 331. 4 million by 2020, aligning with Hawaii's latest estimates which recorded 1, 439, 399 residents as of July 1, 2022, and 1, 435, 138 as of July 1, 2023. Oahu has a median age of 39. 9, with a demographic breakdown showing 50. 73% male and 49. 27% female, and 76. 8% of residents being U. S.-born citizens.

The City of Honolulu, Oahu's capital and major marine port, is home to 359, 870 people, making it the state's largest city. Overall, Oahu experienced significant population growth, surpassing 1 million for the first time. Census data allows for comparisons in population changes and demographics, providing insights into age, race, and housing. The total population for Honolulu County reached 1, 016, 508 in 2022, reflecting a 4. 1% rise since 2010, while the rest of the U. S. saw a 7. 7% growth.

What City Has The Most Vacant Homes?

In 2023, a study identified the most and least vacant major metros in the U. S., highlighting alarming housing vacancy rates. Orlando, Florida, topped the list with 160, 952 vacant housing units and a vacancy rate of 15. 3%. Other notable cities included Miami and Tampa, with significant vacancies as well. Overall, nearly 10% of homes in the U. S. were reported vacant in 2022, with over a quarter of homes in New Orleans remaining empty, making it the city with the highest vacancy at 22.

9%. The analysis found that regions with high vacancy rates often included states like Vermont, Maine, and Alaska, which recorded vacancy rates of 22. 86%, 22. 68%, and 20. 51%, respectively. Notably, Detroit’s situation remained dire, with around 33, 000 vacant homes, equating to 116 empty homes for each unhoused person. In contrast, cities like Chicago were also struggling, with an increase in vacant homes since 2010.

This pattern of vacancies was consistent across the South and Midwest, emphasizing the growing housing crisis that the U. S. faces regarding excess housing stock versus increasing unhoused populations.

Who Owns The Most Property On Oahu?

Oahu's land ownership landscape reveals a hierarchy of major landholders. The State of Hawaii stands as the largest owner with approximately 94, 000 acres. Following the state, the U. S. Federal Government ranks as the second-largest landowner, overseeing over 61, 000 acres. Kamehameha Schools holds the third position with more than 47, 000 acres. The City and County of Honolulu owns over 18, 000 acres, while the County of Hawaii governs almost 10, 000 acres on the Big Island. The County of Maui manages 8, 158 acres on Maui, along with smaller holdings on Lanai and Molokai.

Interestingly, influential private investors, including Larry Ellison and Oprah Winfrey, have purchased significant lands across the islands, contributing to a wealth of private ownership in Hawaii. The federal government overall possesses nearly 531, 000 acres statewide, with more than 432, 000 acres among its holdings on various islands. This insight into land ownership shows that nearly half of Oahu's land is controlled by its top three landowners.

Additionally, significant areas are under the stewardship of various estates and private holdings, indicating a diverse tapestry of ownership reflecting both public and private interests in Hawaii's unique real estate landscape.