Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With 6,942 people, 2,480 houses or apartments, and a median cost of homes of $1,686,504, Kula house prices are not only among the most expensive in Hawaii, Kula real estate also is some of the most expensive in all of America.
Single-family detached homes are the single most common housing type in Kula, accounting for 95.30% of the town's housing units. Other types of housing that are prevalent in Kula include row houses and other attached homes ( 3.67%), large apartment complexes or high rise apartments ( 1.04%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Kula. Owner-occupied housing accounts for 67.59% of Kula's homes, and 60.93% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Kula built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Kula built between 2000 and later ( 15.63%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.04%). There's also some housing in Kula built before 1939 ( 2.85%).
In the last 10 years, Kula has experienced some of the highest home appreciation rates of any community in the nation. Kula real estate appreciated 131.74% over the last ten years, which is an average annual home appreciation rate of 8.77%, putting Kula in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Kula definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
NeighborhoodScout's data show that during the latest twelve months, Kula's appreciation rate, at 7.34%, has been at or slightly above the national average. In the latest quarter, Kula's appreciation rate has been 9.40%, which annualizes to a rate of 43.26%.
Importantly, this makes Kula one of the highest appreciating communities in the nation for the latest quarter, and may signal the town's near-future real estate investment strength.
Relative to Hawaii, our data show that Kula's latest annual appreciation rate is lower than 50% of the other cities and towns in Hawaii.
$1,686,504
for Hawaii
for nation
2,480
$3,527 / per month