Hawaii County Real Estate and Livability Trends
Hawaii County, Hawaii has seen significant changes in its real estate and economic landscape. The average taxable income per tax return surged from $46,713.70 in 2013 to $71,931.83 in 2021, a trend mirrored by nearly doubled average state and local taxes, which rose from $6,718.82 to $15,858.82. The county’s median home values jumped from $301,700 in 2015 to $454,900 in 2022, although still... Read more
Hawaii County Market Trends
Over the past eight years, Hawaii County, Hawaii has witnessed a significant increase in median home values, climbing from $301,700 in 2015 to $454,900 in 2022. Despite this growth, the county's values still lag behind the state median of $764,800. Notable fluctuations in the Residential Energy Tax Credit, with peaks over $3,300.00, point to an uptick in energy-efficient investments, hinting at a... Read more
Median Value of Occupied Housing Units in Hawaii County, Hawaii Over the Last 8 Years
Over the past 8 years, Hawaii County, Hawaii has seen a relatively steady rise in median home values, jumping from $301,700 in 2015 to $454,900 in 2022. While this growth is significant, it's worth noting that it still lags behind the overall state trend, with Hawaii's median value hitting $764,800 in 2022. In contrast, the national median home value for the same period rose from $125,500 to $179,400, indicating that both county and state values outpace the national average. This steady appreciation suggests a robust local market, which may interest potential investors and homebuyers looking for opportunities in Hawaii County.
Residential Energy Tax Credit Per Tax Return in Hawaii County, HI Over the Last 9 Years
Over the last nine years, Hawaii County, Hawaii, has experienced fluctuations in the average Residential Energy Tax Credit per tax return, ranging from $2,553.65 to $3,485.53. Notable peaks occurred in 2013 and 2019 with the average tax credit surpassing $3,300.00, indicating significant investment in residential energy solutions. This trend suggests a growing awareness and adoption of energy-saving measures, making it an attractive area for green energy investments. Those keen on sustainable living or eco-friendly property development will find Hawaii County’s evolving landscape promising.
Average Real Estate Taxes Per Tax Return in Hawaii County, HI Over the Last 10 Years
Over the last decade, Hawaii County, Hawaii has seen consistent increases in average real estate taxes per tax return, growing from approximately $1,791.84 in 2012 to around $4,250.86 in 2021. This upward trend is noteworthy for potential investors, real estate agents, and current residents as it suggests a substantial rise in property-related fiscal responsibilities. The notable jumps, especially from 2017 to 2020, could hint at broader economic changes or policy shifts impacting property taxes in the area. For those building or purchasing property, understanding these increasing tax obligations is crucial for long-term financial planning.
Percentage of Farm Returns in Hawaii County, HI Over the Last 10 Years
In the past decade, Hawaii County, Hawaii, seems to have experienced a gradual decline in the percentage of farm tax returns, dipping from approximately 3.70% in 2012 to around 2.71% in 2021. This trend likely signals shifting economic or land use patterns, potentially influenced by rising property values, economic diversification, or changes in agricultural profitability. Understanding these dynamics might be crucial for investors, builders, and those considering relocating, as they could impact land investment opportunities, economic forecasts, and community development plans.
Number of Mortgages by Occupancy Type in Hawaii County, HI Over the Last 5 Years in Hawaii County
Hawaii County, Hawaii has seen fluctuating trends in mortgage counts over the last five years, with principal residences consistently making up the majority but showing significant variation, peaking in 2021 at over 11,300 and dropping to 6,800 in 2022. Investment properties have experienced more stable but lower numbers, with a slight decrease from 815 in 2019 to 1126 in 2022. Second residences have also seen notable changes, peaking at over 1,600 in 2021. Shifts in occupancy type can offer insights into economic conditions, investment potential, and market stability, crucial for investors, those looking to move, appraisers, and real estate professionals evaluating long-term viability and risk in the region.
Economic Outlook
Hawaii County, Hawaii has seen steady growth in average taxable income per tax return over the last nine years, rising from $46,713.70 in 2013 to $71,931.83 in 2021. Meanwhile, average state and local income taxes have nearly doubled, jumping from $6,718.82 in 2012 to $15,858.82 in 2021, thereby increasing the tax burden on residents. The average total tax liability per tax return also rose significantly, indicating possibly higher economic activity or changes in tax policies. Coupled with... Read more
Average Taxable Income per Tax Return in Hawaii County, HI over the last 9 years
Over the last nine years, Hawaii County, Hawaii has experienced notable growth in average taxable income per tax return. Starting at $46,713.70 in 2013, it saw a steady rise each subsequent year, reaching $71,931.83 in 2021. This suggests potential economic improvements and might make Hawaii County a more attractive option for investors, those considering relocation, and property developers.
Average State and Local Income Taxes Per Tax Return in Hawaii County, HI Over the Last 10 Years
Over the past decade, Hawaii County, Hawaii has seen a significant increase in average state and local income taxes per tax return. From $6,718.82 in 2012 to $15,858.82 in 2021, this nearly 2.5-fold rise reflects a steep upward trend. This surge underscores the growing tax burden, which prospective residents and investors need to consider when planning their finances and property investments in the area.
Average Total Tax Liability Per Tax Return in Hawaii County, HI Over the Last 10 Years
Over the last decade, Hawaii County in Hawaii has seen a notable upward trend in the average total tax liability per tax return, rising from approximately $7,014.53 in 2012 to a significant $12,003.76 in 2021. Sharp increases are particularly evident between 2014 and 2017, and again in 2020 and 2021. This uptrend may indicate growing economic activity or shifts in tax policies, making Hawaii County an increasingly significant area for financial and investment considerations. Prospective residents or investors should keep an eye on these trends, as they could impact cost of living and returns on investment in this scenic region of Hawaii.
Cost of Living in Hawaii County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $2,446 | $2,035 | $1,810 | $819 | $2,250 |
| 1 adult 4 children | $2,446 | $1,662 | $1,401 | $819 | $2,319 |
| 2 adults 3 children | $2,446 | $1,662 | $1,561 | $819 | $1,906 |
| 1 adult 3 children | $2,446 | $1,357 | $1,153 | $819 | $2,023 |
| 2 adults 2 children | $1,901 | $1,361 | $1,313 | $710 | $1,435 |
| 1 adult 2 children | $1,901 | $1,016 | $905 | $710 | $1,466 |
| 2 adults 1 child | $1,901 | $1,075 | $1,065 | $355 | $1,313 |
| 1 adult 1 child | $1,901 | $695 | $657 | $355 | $1,243 |
| 2 adults | $1,449 | $864 | $817 | $0 | $1,088 |
| 1 adult | $1,281 | $471 | $408 | $0 | $938 |
Safety trends & Data
In Hawaii County, property crime trends reveal some notable fluctuations over the last three years. Burglary incidents saw a slight increase, peaking at 139 in 2020, while larceny-theft, despite being the most common type of property crime, shows a minor decline overall. Motor vehicle thefts also increased, reaching 144 in 2020. On the flip side, vandalism dropped to 38 in 2020 from 95 in 2018. The relatively low numbers for arson, embezzlement, and stolen property-related crimes suggest these... Read more
Property Crime Trends in Hawaii County, HI Over the Last 3 Years
In Hawaii County, property crime trends reveal some notable fluctuations over the last three years. Burglary incidents have shown a slight increase, peaking at 139 in 2020, while larceny-theft, despite being the most common, shows a minor decline overall. Motor vehicle thefts also saw an increase, reaching 144 in 2020. Vandalism, however, experienced a decline, dropping to 38 in 2020 from 95 in 2018. The relatively low numbers for arson, embezzlement, and stolen property-related crimes may suggest less frequent occurrences compared to other property crimes. This pattern may be insightful for investors, insurers, and real estate agents looking at the risk factors in Hawaii County.
Demographics
Hawaii County has a slightly higher female population compared to males, reflecting broad but stable gender demographics. The educational landscape shows a notable proportion of residents with a high school diploma or higher, with the highest concentration in high school graduates and those with some college experience but no degree. The age distribution is quite balanced, with significant representation across all age groups, though there's a slight skew toward the older population,... Read more
Race Distribution in Hawaii County, Hawaii (2022)
Educational Attainment in Hawaii County, Hawaii (2022)
Age Distribution in Hawaii County, Hawaii
Citizen Population in Hawaii County, Hawaii (2022)
Political Trends & Data
Hawaii County, Hawaii, shows a notable trend of Democratic support in the 2020 U.S. Presidential Election, with approximately 67% of votes favoring Democrats compared to nearly 31% for Republicans. This Democratic leaning could have an impact on local policies and initiatives, reflecting a community inclined towards progressive changes and possibly influencing real estate development priorities in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Hawaii County, Hawaii, seems to demonstrate significant support for Democratic candidates, with about 67% favoring Democrats in the 2020 U.S. Presidential Election. Only around 31% of the vote appears to have gone to Republicans, while minor parties like the Libertarian and Green parties garnered roughly 1% each. This distribution of votes may hint at a strong Democratic presence in the region, potentially influencing local policies and initiatives.
30.63% of voters voted for the Republican party in the 2020 Presidential Election
66.88% of voters voted for the Democrat party in the 2020 Presidential Election
1.17% of voters voted for the Livertarian party in the 2020 Presidential Election
0.92% of voters voted for the Green party in the 2020 Presidential Election
0.40% of voters voted for the Other party in the 2020 Presidential Election
School Data
Hawaii County, Hawaii has seen student-to-teacher ratios fluctuate between fourteen and fifteen over the past decade, closely mirroring the national average of fourteen students per teacher. This steady ratio can be a significant consideration for potential buyers and investors, as it reflects a relatively stable and manageable classroom size, influencing perceptions of education quality and community support. Real estate professionals could leverage this data as both a selling point and an... Read more
Student-to-teacher ratio in Hawaii County, Hawaii over the last 10 years
Hawaii County, Hawaii has experienced fluctuating student-to-teacher ratios over the past decade, ranging from a high of fifteen in 2017 to a low of fourteen in 2023. This trend consistently edges close to the national average of fourteen students per teacher, indicating a relatively high yet manageable classroom size. Investors, appraisers, insurance agents, and potential residents may find this relevant, as it could influence the perceived quality of education and community support systems. Real estate professionals might also consider this an asset or a point for potential improvement when marketing properties, as people often weigh education quality heavily in their living decisions.
