It is a known fact that Hawaii is regarded as paradise. It has one hundred and thirty-seven islands, shoals, and islets. All of these make up the entire Aloha state. It is a place that is filled with beaches, mountains, rivers and lots of scenic views.
Hawaii comes with an average yearly temperature of seventy-five degrees, and you can never go wrong here. This wonderful state has eight main islands, which includes:
- Oahu
- Hawaii
- Kauai, and of course;
- Maui
Interestingly, these islands have their special terrain, unique culture, and even traditions. The economy of Hawaii is powerfully reliant on tourism, agriculture, and defense.
Before we delve into the main topic today, a fun fact you should know is that Hawaii is still growing, and it is the only state that hosts all the branches of the United States military.
Due to its exciting amenities and remote locations, Hawaii is more expensive than most states in the United States of America.
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Expensive Places To Buy Property
When considering buying property in Hawaii, some of the most expensive places you may want to check out include:
Wailuku
The first thing to note about Wailuku is that it is located ten minutes away from Kahului airport. Wailuku is prominently known for its unique businesses, of which most of them are family-owned and have been functional for generations.
This place has a large art community, lots of historical attractions, situated at the foot of West Maui mountain. The home prices of Hawaii should not deter you from investing as a landlord in a nice place like Wailuku.
It has a 0.9 percent population growth, and the median sale price of its properties are valued at $581,000. The average rent here is $2072, and Wailuku is ranked as the number one place to invest for those interested in having properties in Hawaii.
Honolulu
Situated on the lovely island of Oahu, Honolulu is often regarded as a Gathering place. For those unaware, it is the capital of Hawaii, and it offers an urban environment along sides its natural and rural communities.
Honolulu encompasses the South Eastern shores, and there are lovely historical sites to visit like Waikiki Beach, Pearl Harbor, and even Makapuu Point. If you want to own a Honolulu property, the median sale price is a little bit above $585,000.
The average rent to pay here is $2148, and it has a population growth of about-1.2 percent.
Kihei
If you never knew, Kihei is situated on the sunniest parts of the Southwest shore of Maui. It provides six miles of amazing beaches, exciting snorkeling as well as kayaking.
It is often regarded as the Valley Isle because of its enormous isthmus and huge valleys placed between its mountains. It comes with a bustling farmer’s market and is rated as a fantastic environment for kids.
As for buying a Kihei property, the median sale price is $609,000, and the average rent is fixed at $2420.
Wailea
Similar to Gold, Wailea is extremely beautiful, just that its beauty is natural. It comes with a lifestyle that only a few people will ever enjoy. You can enjoy golfing in the morning, sunbathing in the afternoon, and watching the sunset while you eat dinner before you sleep.
Days like this are simply a fantasy for most people. It is this lifestyle that provides Wailea with its value. The median price sale for buying a property in Wailea is $1,042,100. The median income here is $81,932.
Kaneohe Station
Kaneohe Station is among the four biggest communities situated on the windward side of Oahu. It is a town that brags of amazing scenic views of the Ko’olau mountain, and it is quite wetter than the town side of this island.
In this town, you will find the Kaneohe Marine Corps Air station. The Station houses roughly forty thousand servicemen as well as families.
Its median property value is fixed at $1,069,400, and the median income in this town is $59,939.