Honolulu County Real Estate and Livability Trends
Honolulu County, Hawaii has seen a sharp increase in housing values from $580,200 in 2015 to $832,200 by 2022, outpacing both state and national averages, which might indicate a robust real estate market. Despite rising real estate taxes, climbing from $2,001.73 per tax return in 2012 to $3,351.10 in 2021, investment in properties remains appealing. Moreover, a decline in the student-to-teacher... Read more
Honolulu County Market Trends
Housing values in Honolulu County, Hawaii have surged from $580,200 in 2015 to $832,200 by 2022, outpacing both state and national averages. Residential energy tax credits per tax return showed significant fluctuations, peaking at $5,090.37 in 2021, highlighting the county's robust support for renewable energy. Real estate taxes have risen from $2,001.73 per tax return in 2012 to $3,351.10 in... Read more
Median Value of Occupied Housing Units in Honolulu County, Hawaii Over the Last 8 Years
Housing values in Honolulu County, Hawaii have surged from $580,200 in 2015 to $832,200 by 2022, showcasing robust growth far outpacing both the Hawaii state average and national figures. While statewide median values have risen from $515,300 to $764,800 in the same period, national values have lagged considerably, moving from $125,500 to $179,400. For investors, this dramatic increase suggests a hot housing market in Honolulu County with potential for lucrative returns, while residents and prospective buyers might face growing affordability challenges.
Residential Energy Tax Credit Per Tax Return in Honolulu County, HI Over the Last 9 Years
Honolulu County, Hawaii has seen significant fluctuations in average residential energy tax credits per tax return over the past nine years, ranging from a low of $3,567.56 in 2014 to a high of $5,090.37 in 2021. This indicates a consistent trend toward supporting renewable energy investments at the household level, making it an attractive option for those interested in sustainable living. For investors and builders, this data underscores the county's commitment to green initiatives, potentially increasing the long-term value of eco-friendly properties.
Average Real Estate Taxes Per Tax Return in Honolulu County, HI Over the Last 10 Years
Real estate taxes in Honolulu County, Hawai'i, have been on a steady rise over the past decade, increasing from approximately $2,001.73 per tax return in 2012 to around $3,351.10 in 2021. This trend likely reflects broader economic factors such as rising property values and potential policy changes. If you're considering investing or moving to Honolulu County, be prepared for higher annual tax obligations, which could impact overall property affordability and insurance premiums. Real estate agents and appraisers should note the significant year-over-year tax increases when valuing properties and advising clients.
Percentage of Farm Returns in Honolulu County, HI Over the Last 10 Years
Honolulu County, Hawaii, has seen a steady but slight increase in the percentage of farm tax returns over the last decade. Starting at 0.19% in 2012, this figure has grown to approximately 0.22% by 2021. Farm tax returns are documents filed by agricultural businesses to report income and expenses related to farming operations, often reflecting the vitality and economic significance of the farming sector. This uptick, though modest, indicates a gently growing agricultural presence, suggesting potential investment opportunities in farming and agribusinesses.
Number of Mortgages by Occupancy Type in Honolulu County, HI Over the Last 5 Years in Honolulu County
Over the past five years, Honolulu County, Hawaii's mortgage counts for principal residences have generally dominated, showing a striking preference compared to investment and second residences. Notably, there's been a significant drop in both principal and investment property mortgages from 2020 to 2022, which could indicate shifting market conditions or reduced borrowing. This trend could signal potential opportunities for investors as less competition and potentially lower prices might be expected. For appraisers and insurance agents, understanding these occupancy trends is crucial for accurate valuations and premium calculations. Prospective buyers and real estate professionals should consider these dynamics when making decisions, as shifts in occupancy type suggest changes in demand and property utilization.
Economic Outlook
Honolulu County, Hawaii, has seen a consistent rise in average taxable income, jumping from $59,531.49 in 2013 to $85,106.01 by 2021, highlighting potential economic growth. However, average state and local income taxes have also increased, with a significant spike from $11,694.56 in 2018 to $16,068.25 in 2021, which might affect cost of living and investment returns. Total tax liability follows a similar pattern, rising from $9,053.88 in 2012 to $14,028.97 in 2021, indicating growing... Read more
Average Taxable Income per Tax Return in Honolulu County, HI over the last 9 years
Honolulu County, Hawaii, has seen a consistent increase in average taxable income per tax return over the last nine years. Starting from $59,531.49 in 2013, it rose each year to $85,106.01 by 2021. This steady upward trend underscores the potential economic growth and rising income levels in the area, making it an attractive prospect for investors, new residents, and property developers.
Average State and Local Income Taxes Per Tax Return in Honolulu County, HI Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Honolulu County, Hawaii have steadily risen, culminating in a noticeable spike from $11,694.56 in 2018 to $16,068.25 in 2021. This consistent increase, particularly the sharp jump in recent years, is for those evaluating the financial landscape for relocating, investing, or building property in the area. Such a tax trend could influence cost of living considerations and investment returns.
Average Total Tax Liability Per Tax Return in Honolulu County, HI Over the Last 10 Years
Honolulu County, Hawaii has seen a steady increase in the average total tax liability per tax return over the past decade, rising from $9,053.88 in 2012 to $14,028.97 in 2021. This spike in tax liability signifies a potential increase in average income levels and economic growth within the region. Investors and potential residents should consider this trend as an indicator of a robust and potentially lucrative market, reflecting both economic stability and growing affluence among its population.
Cost of Living in Honolulu County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $3,193 | $1,914 | $1,824 | $1,391 | $2,761 |
| 1 adult 4 children | $3,193 | $1,563 | $1,408 | $1,391 | $2,798 |
| 2 adults 3 children | $3,193 | $1,564 | $1,576 | $1,391 | $2,464 |
| 1 adult 3 children | $3,193 | $1,277 | $1,160 | $1,391 | $2,552 |
| 2 adults 2 children | $2,247 | $1,280 | $1,328 | $1,336 | $1,800 |
| 1 adult 2 children | $2,247 | $956 | $912 | $1,336 | $1,859 |
| 2 adults 1 child | $2,247 | $1,012 | $1,080 | $1,159 | $1,711 |
| 1 adult 1 child | $2,247 | $654 | $664 | $1,159 | $1,699 |
| 2 adults | $1,716 | $813 | $832 | $0 | $1,151 |
| 1 adult | $1,563 | $443 | $416 | $0 | $1,033 |
Safety trends & Data
Honolulu County, Hawaii has experienced variable property crime rates over the past five years, marked by a notable drop in larceny-theft in 2020, potentially linked to the pandemic. Motor vehicle thefts, however, have gradually increased, reaching 58 incidents in 2022. Burglary rates spiked in 2020 at 176 incidents but have since slightly declined. These trends could impact neighborhood safety perceptions, thereby influencing property values and insurance premiums, key considerations for... Read more
Property Crime Trends in Honolulu County, HI Over the Last 5 Years
Over the past five years, Honolulu County, Hawaii, has seen fluctuating property crime rates with notable decreases in specific areas. Larceny-theft has consistently led the numbers but saw a significant drop in 2020, correlating possibly with the pandemic's impact. Motor vehicle thefts have seen a gradual increase, peaking at 58 incidents in 2022. Meanwhile, burglary rates slightly declined after a 2020 peak of 176 incidents. For investors or real estate agents, monitoring these crime trends can suggest shifts in neighborhood safety perceptions, which might influence property values and insurance rates.
Demographics
Honolulu County's demographic landscape in 2022 illustrates a near balance in its adult population, with males slightly outnumbering females. A diverse educational profile presents, with a significant proportion having completed high school or higher education, which might suggest a well-rounded workforce. The age distribution skews towards younger and middle-aged adults, implying a potentially dynamic community with a considerable workforce. Racial diversity is evident, with a substantial... Read more
Race Distribution in Honolulu County, Hawaii (2022)
Educational Attainment in Honolulu County, Hawaii (2022)
Age Distribution in Honolulu County, Hawaii
Citizen Population in Honolulu County, Hawaii (2022)
Political Trends & Data
Honolulu County, Hawaii, likely displayed a strong Democratic preference in the 2020 U.S. Presidential Election, with an estimated 62.5% of votes potentially supporting the Democratic candidate. The Republican candidate might have received about 35.7%, highlighting a significant tilt towards the Democratic Party. Minor parties such as the Libertarian and Green parties reportedly received minimal support, suggesting a predominant two-party system in the... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
Honolulu County, Hawaii saw an interesting distribution of votes in the 2020 U.S. Presidential Election, with approximately 62.5% of the votes potentially going to the Democratic candidate. The Republican candidate might have garnered close to 35.7%, which suggests a significant leaning towards the Democratic Party in this region. Minor parties like the Libertarian and Green parties captured a relatively minimal share, possibly indicating a strong two-party dominance in the county.
35.66% of voters voted for the Republican party in the 2020 Presidential Election
62.51% of voters voted for the Democrat party in the 2020 Presidential Election
0.90% of voters voted for the Livertarian party in the 2020 Presidential Election
0.57% of voters voted for the Green party in the 2020 Presidential Election
0.36% of voters voted for the Other party in the 2020 Presidential Election
School Data
Honolulu County, Hawaii has observed a steady decline in its student-to-teacher ratio from 16:1 in 2014 to about 14:1 in 2023, nearing the national average. The decreasing trend may indicate potential improvements in individualized attention and instructional quality, making the area attractive to families who prioritize education. Real estate agents could leverage this educational focus when marketing properties, while insurance agents and appraisers should consider the broader community... Read more
Student-to-teacher ratio in Honolulu County, Hawaii over the last 10 years
Honolulu County, Hawaii has seen a steady decline in its student-to-teacher ratio from 2014 to 2023, dropping from 16 students per teacher to about 14 students per teacher in recent years. This is slightly above the national average of 14 students per teacher, but the decreasing trend suggests potential improvements in individualized attention and instructional quality. Investors might find the county's efforts to reduce classroom sizes as an appealing factor for families prioritizing education. Real estate agents could leverage this trend when marketing properties to families, while insurance agents and appraisers need to be aware of the broader community investments in education.
