Hawaii Real Estate and Livability Trends
Hawaii's real estate market has seen a striking rise in median home values, leaping to $764,800 in 2022 from $662,100 in 2021, highlighting unique pressures and opportunities for buyers. The increase in taxable income per tax return from $56,580.77 in 2013 to $83,174.99 by 2021 suggests a potentially robust economy, though it's worth noting the significant rise in local tax burdens over the same... Read more
Hawaii Market Trends
Hawaii's median home values have steadily climbed, hitting $764,800 in 2022, a sharp increase from $662,100 in 2021, compared to a national median of $179,400. This significant price difference showcases the unique pressures and opportunities of Hawaii's market. Residential energy tax credits in Hawaii have varied, reaching up to $4,683.84 in 2019, offering substantial incentives for green energy... Read more
Median Value of Occupied Housing Units in Hawaii Over the Last 8 Years
Hawaii's median home values have shown a consistent upward trend over the past eight years, with a notable spike in 2022 where values reached $764,800, up from $662,100 in 2021. This increase highlights the dampened supply meeting high demand in this relatively isolated housing market. In contrast, the national median home value in 2022 was $179,400, suggesting that Hawaii's market is significantly more competitive and expensive, which may reflect its unique geographic and economic conditions. This matters for investors, potential homeowners, and developers who should consider both the higher costs and potentially greater returns associated with Hawaii's housing market.
Active Loans in Foreclosure/Bankruptcy/Deed in Lieu in Hawaii over the last 10 years
Active Loans 30-60 Days Past Due in Hawaii over the last 10 years in Hawaii
Perent of loans that are Active Loans 90-180 Days Past Due in Hawaii over the last 10 years in Hawaii
Residential Energy Tax Credit Per Tax Return in Hawaii Over the Last 9 Years
Hawaii's residential energy tax credit per tax return has seen considerable fluctuation over the past nine years, with values ranging from a low of $3,356.25 in 2017 to a high of $4,683.84 in 2019. These incentives can significantly offset the initial costs of investing in sustainable energy solutions, making Hawaii an attractive market for green energy investments. For residents and investors alike, understanding these trends highlights both the potential savings and the state’s commitment to promoting renewable energy.
Average Real Estate Taxes Per Tax Return in Hawaii Over the Last 10 Years
Over the past decade, Hawaii has seen a notable upward trend in average real estate taxes per tax return, starting at approximately $1,916.37 in 2012 and peaking at around $3,466.91 in 2020 before slightly declining to $3,427.54 in 2021. Real estate investors and potential homeowners should be aware of the consistent increase, which may impact long-term cost planning. For appraisers and insurance agents, this trend might suggest a rise in property valuations and associated risks.
Percentage of Farm Returns in Hawaii Over the Last 10 Years
Over the last decade, the percentage of farm tax returns in Hawaii has seen a slight but noticeable decline, dropping from around 0.84% in 2012 to approximately 0.76% in 2021. Farm tax returns, which include income from agricultural activities, are a useful metric for understanding the economic health and trend of farming in the state. A gradual decline in farm returns might suggest challenges in the agricultural sector or shifts to other economic activities. For investors, developers, or residents, these trends could signal evolving land use priorities and potential changes in the rural economy of Hawaii.
Economic Outlook
Hawaii has experienced a consistent rise in average taxable income per tax return over the past nine years, growing from $56,580.77 in 2013 to $83,174.99 by 2021. This upward trend suggests a potentially robust economic environment, which could attract investors and real estate developers. However, it's important to note the parallel increase in state and local income taxes, which jumped from $7,550.18 in 2012 to $16,500.88 in 2021, indicating a significant rise in tax burdens. Additionally,... Read more
Average Taxable Income per Tax Return in Hawaii over the last 9 years
Over the past nine years, the average taxable income per tax return in Hawaii has shown a notable upward trend. Starting at $56,580.77 in 2013, it gradually increased to $83,174.99 by 2021. This growth may suggest a robust economic environment, potentially offering lucrative opportunities for investors and real estate developers. If you're considering a move to Hawaii, this could indicate a stable and possibly growing income base among residents, which might translate to a higher standard of living. However, always consider the broader economic context and other related factors.
Average State and Local Income Taxes Per Tax Return in Hawaii Over the Last 10 Years
Hawaii has seen a consistent increase in state and local income taxes per tax return over the last decade, with significant spikes observed in recent years. From $7,550.18 in 2012, the figure soared to $16,500.88 by 2021. This sharp upward trend reflects escalating tax burdens that potential investors and residents should factor into their financial planning, highlighting the growing fiscal demands in the state.
Average Total Tax Liability Per Tax Return in Hawaii Over the Last 10 Years
Over the past decade, Hawaii has seen a notable increase in the average total tax liability per tax return. From $8,619.52 in 2012 to a significant $13,894.82 in 2021, the rising trend underscores growing financial obligations for residents. Investors, property developers, and potential residents should take this into account when assessing the economic climate of the state.
Cost of Living in Hawaii
Safety trends & Data
Hawaii's property crime landscape reveals intriguing trends, with categories like Arson, Burglary, and Motor Vehicle Theft showing slight year-over-year fluctuations. Notably, Fraud peaked at 2,934 cases in 2019 before dropping to 1,643 in 2022, while Embezzlement dipped to 67 cases in 2020 from 110 in 2019. The upward trajectory of Stolen Property crimes adds a layer of complexity. These patterns might provide valuable insights for investors, real estate professionals, and residents evaluating... Read more
Property Crime Trends in Hawaii Over the Last 5 Years
Over the past five years, Hawaii has seen a noticeable fluctuation in property crimes. Key categories like Arson, Burglary, and Motor Vehicle Theft show slight year-over-year changes, while Fraud consistently remains the highest, peaking at 2,934 cases in 2019 before dropping to 1,643 in 2022. Embezzlement, despite being lower in numbers compared to other crimes, reveals some volatility, particularly dipping to 67 cases in 2020 from 110 in 2019. Trends in crimes involving Stolen Property also show an upward trajectory, suggesting a nuanced landscape. These shifts may offer essential insights for potential investors, real estate professionals, and residents considering the overall safety and economic stability of Hawaii.
Demographics
Male and female populations in Hawaii are surprisingly balanced, with a slight male majority. Educationally, a significant portion of the population has at least some college education, with a notable number holding bachelor’s or graduate degrees, which might be contributing to the state's diverse professional landscape. Age-wise, the largest groups are those under 10 years and those in the 25 to 34 years bracket, hinting at a potentially dynamic younger workforce and vibrant family life.... Read more
Race Distribution in Hawaii (2022)
Educational Attainment in Hawaii (2022)
Age Distribution in Hawaii
Citizen Population in Hawaii (2022)
Political Trends & Data
Hawaii displayed a pronounced lean towards the Democratic party in the 2020 U.S. Presidential Election, with Democrats possibly securing around 63.7% of votes, while Republicans trailed at about 34.3%. Minor parties like the Libertarian and Green barely registered, each getting less than 1%. This could indicate a robust Democratic foothold in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
It appears that Hawaii showed a significant preference for the Democratic party in the 2020 U.S. Presidential Election, with Democrats likely securing around 63.7% of the votes. Republicans trailed notably, garnering approximately 34.3%. Minor parties, such as Libertarian and Green, received minimal support, each attaining less than 1% of the total votes. This trend may suggest a relatively strong Democratic presence in Hawaii compared to other states.
34.27% of voters voted for the Republican party in the 2020 Presidential Election
63.73% of voters voted for the Democrat party in the 2020 Presidential Election
0.96% of voters voted for the Libertarian party in the 2020 Presidential Election
0.67% of voters voted for the Green party in the 2020 Presidential Election
0.37% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hawaii's student-to-teacher ratio has gradually declined from 15.8 in 2014 to 14.36 in 2023, edging closer to the national average of 14 students per teacher. This trend hints at a bolstering educational infrastructure, which might attract families and thus bolster the property market. For real estate professionals, these statistics can be leveraged to highlight the benefits of local school districts to potential buyers, while insurance agents and appraisers could view this as a signal of... Read more
Student-to-teacher ratio in Hawaii over the last 10 years
Hawaii has seen a gradual decrease in the student-to-teacher ratio over the past decade, moving from 15.8 in 2014 to 14.36 in 2023. Compared to the current national average of 14 students per teacher, Hawaii's numbers suggest a trending alignment with or just above the national figures. For investors or property developers considering Hawaii, this steady improvement might indicate a strengthening educational infrastructure, potentially enhancing the area's attractiveness for families. Real estate agents and those in the property market may find this data valuable when highlighting local school district benefits to prospective buyers. Alongside, insurance agents and appraisers might consider this an indicator of community stability and potential growth.
