The cheapest housing market in Hawaii is Hickam Housing. And from snorkeling with the turtles at Makaha Beach to just chilling on the soft sand at Pokai Bay, were pretty sure money troubles wont be on your mind here. The average home value in Hickam Housing is $0, the lowest in the state. Long-running horizontal windows cover the walls to give a clear view of the Hawaiian beach from multiple angles. Ocean View, When it comes to outrageous real estate, its all about the Big Island, where youll find nine of the 10 most expensive homes in Hawaii, all strung along the Kona Coast. Since housing is so expensive, labor workers need to make a certain amount of money just to survive. The prodigious price tag hasnt deterred a buyerthe mansion is in contingent sale status. Located on the sunny Kona side of Hawaiis Big Island, this 6 BD/7.5 BA home sits on 1.3 acres within Kukio, an oceanfront private club. Weisel has been described by the San Francisco Chronicle as the alpha male of Wall Street West with an uber-competitive streak. Its a drive that extends to athletic pursuits, as well. Information is deemed reliable but not guaranteed. What you are left with is a Cost of Living Index by taking the average rank of each of these metrics for each city. The place with the lowest cost of living in Hawaii according to the data is Hawaiian Paradise Park. 3 spot even though it sits in the middle of acres of black lava rock in Kona; the luxury subdivision and golf course that will eventually surround it have yet to be built. Hawaii also has one of the nation's highest median incomes at $80,729 annually. TV Showrunner John Wells Selling $40.5M Ranch on Kauai's North Shore, Barack Obama's Childhood Home in Honolulu Sails Onto the Market for $2.2M. This information is believed to be accurate. Metros with the most cities in the top 30 in Hawaii #1..
"}}, {"@type": "Question", "name": "What is the cheapest housing market in Hawaii? This imposing four-bedroom house has a two-story living room, a fully furnished professional kitchen, and a five-story glass elevator. What county in Hawaii has the lowest cost of living? Population: 26,358Rank Last Year: 8 (Down 1)Home Price To Income Ratio: 5.3x (9th most affordable)Income To Rent Ratio: 57.2x (18th cheapest)More On Ewa Gentry: Real Estate|Cost Of Living. Listed for $70 million, the most expensive property in Hawaii is a sprawling Kilaueaestate situated atop a seaside bluff on the north side of the island of Kauai. In addition, a guest house with three and a half baths to go with the three bedrooms, on a 36,000 ft Lot. According to MIT, the required living wage for a family of four with two working parents in Hawaii is $107,702 vs the national average for a family of four with two working parents of $89,744. Larry Ellison doesn't just own a home in Hawaii he owns an entire island. Chock-full of amenities, such as a huge kitchen, media room, pool, and spa, the home is built to serve both as a quiet, private retreat and a place to entertain family and friends. For example, if the median household earns $100,000 and spends $40,000 on housing its actually cheaper to live there than a place with a median income of $50,000 and housing costs of $21,000. There are far worse places to socially distance than a gorgeous, remote island in the Pacific. Compared to only Hawaii, Hilo has a cost of living index that's 0.8x lower than Hawaii's index of 180. Homeowner Tomomi Kimura, chairman of a Tokyo-based shipping company, commissioned the house in 1992, the same year the summer Olympics were held in Barcelona. Below are the top 10 most expensive homes currently for sale in Hawaii: Located within Pauoa Beach, at the Mauna Lani Resort (a gated community), is this beautiful 5 BD/5.5 BA, 7,000+ SF house. Luxury properties in Hawaii stand head and shoulders above other homes. Idaho has one of the highest homeownership rates in the country, with 70.4% of its residents owning their homes. Hanalei, California - $538,500. On Big Island, your average family home can go for around $330,400, while the same would fetch $625,500 on Kauai. Not only is the lot 2.5 acres, there are 2.5 acres of conservation land in front, and another 3 acres of resort common area in back. There are two guest cottages, a wine cellar, media room, office, pool, and spa. The median income of a Hawaii household is $83,173.
So we used that cost of living index in order to rank all of the 51 places in Hawaii that have more than 5,000 people. The most expensive city on the list has a typical home value of $3,779,877 which is 319% higher than the state average of $902,175. It has been provided by sources other than the Realtors Assoc. The median home price in Wailuku is $463,500, which is higher than the rest of the nation but still lower than the average price in Hawaii. We use data, analytics, and a sense of humor to determine quality of life for places across the nation. Can It Bounce Back? 73-4746 Aukai Pl Kailua-Kona, HI 96740 $17,850,000 Another stunning property at Kohanaiki, listed by Carrie Nicholson. The trademarks MLS, Multiple Listing Service and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Traditional Western elements meet contemporary style in this Jackson Hole homestead designed by Ward+Blake Architects and inspired by the water, trees and mountains that surround it. And the median monthly rent is an affordable $1,069. The standard of living in Hilo ranks as #5,774 most affordable out of the 6,418 places we measured in Hawaii. The Facebook founders massive spread is almost adjacent to this prime piece ofproperty up for sale. North Shore, Kauai. The overall cost of living is about 50% above the national average, but thats actually pretty good for the state. That would be the cost of a mansion in most other parts of the country, but its about par for the region. At the other end of the spectrum, $100 in Mississippi is worth $115.74, or 15% more than their incomes suggest. See also Building Costs Per Square Foot in the State of Georgia, USA All this paradise comes at a price, of course. Are Shipping Container Homes Legal In North Carolina? When this Mauna Kea Resort property sold for $29 million in 2007, it became one of Hawaiis biggest residential transactions ever. And if you dont find your favorite there, head to the bottom. Kahala prize: Just down the road from the eighth-ranked home, the listing describes this offering as the largest beachfront property on the islands most exclusive street.. The median income of a Hawaii household is $83,173. Homes in Waimea go for about $462,800, the eighth lowest in the state. Copyright 2023 MLS Hawaii, Inc. All rights reserved. These pricey properties are not high-rise condo time shares. Nearby homes similar to 1133 Ikena Cir have recently sold between $1,150K to $2,400K at an average of $1,310 per square foot. Youd have a tough time believing that youre living in one of the most expensive states in America if you just moved to Kapaa. Urban Honolulu, HI: 11 #2. But dont worry: Waimanalo represents the number 8 most reasonable place to put down roots in Hawaii. Homes For Sale New Homes Most Expensive Homes. Expanding the scope to all of Hawaii has raised the stakes considerably: While the top property in 2005 was assessed at $15.2 million, that number wouldnt even get you on the bottom rung of this years list. Who needs to swim in the ocean when youve got a pool this gargantuan? The Diamond Head Villa features two outdoor BBQs, a spa, two sun decks, and a private pool. For buyers on the huntfor luxurious island property (and who isnt, really) and who have always wanted the opportunity to run into Mark Zuckerberg ontheir way to pick upa morning coffee, this may betheir opportunity. 4200 Anini Vista Dr Unit D, Kilauea, HI. Diamond Head Average sales price / interior square foot - $868.00 Data based on 35 homes sold over the past 2 years. This Wailea property, known as sandy surf, isnt used as a full-time residence. Built in 2001, the home has its own name, Kai Moena, which translates to House of the Resting Sea. There are two main residences, with a total of 10 bedrooms, 11 bathrooms, and over 17,000 square feet of living space. Waihee-Waiehu is also home to the Waihee Ridge Trail, which will take you into the clouds to overlook the lush rainforest valley below. Built in 2015, this home is pretty much brand new, with an abundance of contemporary and modern features. Join the party! Caranos Kukio house may look compact compared with many of the other Kona estates, but it packs a lot into the more-than- 14,000-square-foot interior: the house is valued at $18.2 million, almost five times as much as the land on which it sits. While the competition was fierce, there can be only one number one most affordable to live in Hawaii for 2022. The cost of living Index by taking the average the highest, but for that price, course... Located on the coveted Kohala Coast of Hawaii, Waianae owning their.... Not high-rise condo time shares the data is Hawaiian Paradise Park price tag hasnt deterred a mansion... 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