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Real Estate Prices & Overview

Punchbowl Area East median real estate price is $464,943, which is less expensive than 93.5% of Hawaii neighborhoods and 37.2% of all U.S. neighborhoods.

The average rental price in Punchbowl Area East is currently $3,166, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 52.4% of Hawaii neighborhoods.

Punchbowl Area East is a densely urban neighborhood (based on population density) located in Honolulu, Hawaii.

Punchbowl Area East real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and small apartment buildings. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Punchbowl Area East neighborhood are older, well-established, built between 1940 and 1969. A number of residences were also built between 1970 and 1999.

In Punchbowl Area East, the current vacancy rate is 1.3%, which is a lower rate of vacancies than 90.3% of all neighborhoods in the U.S. This means that the housing supply in Punchbowl Area East is very tight compared to the demand for property here.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Honolulu, the Punchbowl Area East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Real Estate

One of the really unique and interesting things about the look and setting of the Punchbowl Area East neighborhood is that it is almost entirely dominated by large apartment buildings, such as apartment complexes or high-rise apartments. 95.1% of the residential real estate here is classified as such. This puts this neighborhood on the map as having a higher proportion of large apartment buildings than 99.0% of all neighborhoods in America.

In addition, the Punchbowl Area East neighborhood is very unique in that it has one of the highest proportions of one, two, or no bedroom real estate of any neighborhood in America. Most neighborhoods have a mixture of home or apartment sizes from small to large, but here the concentration of studios and other small living spaces is at near-record heights. With 88.4% of the real estate here of this small size, this most assuredly is a notable feature that makes this neighborhood unique, along with just a handful of other neighborhoods in the U.S. that share this characteristic.

Furthermore, if you like crowded places, then you will probably enjoy the the Punchbowl Area East neighborhood. According to NeighborhoodScout's exclusive data analysis, this neighborhood is more densely populated than 96.9% of neighborhoods in the U.S., with 29,660 people per square mile living here.

Modes of Transportation

If your dream is to be able to ride your bike to work each day, look no further than this unique neighborhood. With 4.4% of residents in the Punchbowl Area East neighborhood commuting on a bicycle to and from work daily, this neighborhood has more bicycle commuters than 97.7% of all neighborhoods in the U.S., according to NeighborhoodScout's exclusive analysis.

Occupations

The Punchbowl Area East neighborhood has a greater proportion of government workers living in it than 96.4% of the neighborhoods in America, according to NeighborhoodScout's exclusive analysis. This is a unique feature of this neighborhood, and one that shapes its character.

Diversity

Did you know that the Punchbowl Area East neighborhood has more Asian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 65.9% of this neighborhood's residents have Asian ancestry.

Punchbowl Area East is also pretty special linguistically. Significantly, 9.3% of its residents five years old and above primarily speak Japanese at home. While this may seem like a small percentage, it is higher than 99.9% of the neighborhoods in America.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Punchbowl Area East neighborhood in Honolulu are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 80.3% of the neighborhoods in America. In addition, 2.2% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 74.4% of America's neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Punchbowl Area East neighborhood, 62.4% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 20.7% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.5%), and 14.1% in government jobs, whether they are in local, state, or federal positions.

Languages

The languages spoken by people in this neighborhood are diverse. These are tabulated as the languages people preferentially speak when they are at home with their families. The most common language spoken in the Punchbowl Area East neighborhood is English, spoken by 74.1% of households. Other important languages spoken here include Japanese, Korean and Chinese.

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Punchbowl Area East neighborhood in Honolulu, HI, residents most commonly identify their ethnicity or ancestry as Asian (65.9%). There are also a number of people of English ancestry (11.8%), and residents who report German roots (4.7%), and some of the residents are also of Sub-Saharan African ancestry (4.3%), along with some Italian ancestry residents (2.6%), among others. In addition, 22.9% of the residents of this neighborhood were born in another country.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Punchbowl Area East neighborhood spend between 15 and 30 minutes commuting one-way to work (40.4% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (60.1%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (20.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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