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HomeMy WebLinkAboutCOM 0600.013 2022-2024HEATHER L. KIMBALL COUNCIL CHAIR Council District I (North Hilo, Hdmdkua, and portion of Waimea) Phone: (808) 961-8828 (808) 961-8912 Email: heather. kimball &hawaiicounty. jzov HAWAI`I COUNTY COUNCIL COUNTY OF HAWAI`I 25 Aupuni Street, Ste. 1402, Hilo, Hawai `i 96720 DATE: December 14, 2023 TO: Hawaii County Council Members FROM: Heather Kimball, Council Chair -4 ` Council District 1, County of Hawaii SUBJECT: UHERO content relative to Bill 104, Draft 2 Attached please find the "The Hawaii Housing Factbook" published by The Economic Research Organization at the University of Hawaii (UHERO) on June 28, 2023. I am sharing this information as I mentioned it as relevant content to Bill 104, Draft 2. It is also accessible via the following link: https:Huhero.hawai i. edu/wpcontent/uploads/2023/06/TheHawaiiHousingFactbook.pdf Should you have any questions regarding this communication, please do not hesitate to contact me. Thank you. Hawaii County is an Equal Opportunity Provider and Employer --r— Comm. No. Goo. Ref. To: I t'G Ref. Date DEC i .9 2Z THE HAwAi'i UHE RO 'HOUSING FACTBOOK THE ECONOMIC RESEARCH ORGANIZATION AT THE UNIVERSITY OF HAWAII ...... ........._........--.._........................ UHERO REPORT UH THE ECONOMIC RESEARCH ORGANIZATION AT THE UNIVERSITY OF HAWAVI The Hawaii Housing Factbook ©2023 University of Hawaii Economic Research Organization. All rights reserved. Funded by the Coronavirus State Fiscal Recovery Fund: Data Infrastructure and Analysis for Health and Housing Program and Policy Design - Response to Systemic Economic and Health Challenges Exacerbated by COVID-19 (State of Hawaii award number 41895) Justin Tyndall Assistant Professor Daniela Bond -Smith Data Scientist and Research Economist Rachel Inafuku Research Economist Victoria Rhinebolt Graphic Design and Layout 2424 MAILE WAY, ROOM 540 • HONOLULU, HAWAII 96822 (808) 956-7605 • UHERO@HAWAII.EDU UHERO.HAWAII.EDU 02023 UHERO UHERO REPORT iii TABLE OF CONTENTS Introduction The High Cost of Housing 1 Building New Housing Supply 9 The Demand For Housing 11 Data Book Data Dictionary 15 State 19 Counties 20 Zip Codes 24 UHERO.HAWAII.EDU 02023 UHERO UHERO REPORT INTRODUCTION Residents of Hawaii face the highest housing costs in the nation. High housing costs lower the standard of living for residents and hinder the State's ability to attract workers. Some households are forced to live in crowded conditions, some leave the state to find housing elsewhere, and some are forced to survive without housing at all. To inform discussions on the way forward for housing in Hawai'i, UHERO is releasing the first edition of an annual report on the state of housing. To understand the housing market, UHERO has worked with local and national data providers to compile a database of housing indicators that capture the current state of the housing market. Tracking changes in housing costs, production, demand, and local demographics can help us understand evolving conditions. While other UHERO studies will take deeper dives into specific housing issues, this report aims to make our data resources widely available, provide an overview of current conditions, and highlight ongoing research. The report will share data at the state, county, and zip code levels. Zip code level data has been largely unavailable until now and can improve our understanding of local markets. The pages that follow provide detailed data for the state, counties, and 63 zip codes across the state. We find housing characteristics, production, and affordability vary widely across Hawai`i's neighborhoods. By providing housing data points in a unified reference book, UHERO hopes to reduce the barriers to accessing timely and important housing data. Later this year, UHERO will be launching an online data portal dedicated to housing. The portal provides additional data and allows the public to explore and download the data for themselves. Addressing the housing crisis, and measuring progress, should be based on clear and accurate measurement of our challenges. By sharing data through this report we hope to contribute to a more informed housing debate. THE HIGH COST OF HOUSING Hawaii leads the nation in housing costs Hawai'i is the most expensive state in the nation for housing. Median housing costs are 2.7 times the national level. Over the past year, the median price of a single-family home sold in Hawaii was $852,000 and the median condo price was $600,000.1 The last 30 years have brought incredible growth in local housing prices. Median single-family home and condominium prices have more than tripled since the mid-90s. Median Sales Price of Housing in Hawai'i 0 800 600 U H E RO m U d 400 c _ CU 200 ��- 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos COVID Emergency Declared The median price of single-family homes and condos have risen dramatically over the past three decades. 1 For statistics on housing transactions we rely on data from Black Knight Inc., a national provider of housing market data. We use a full database of all deed transfers within the state, including new homes and resales, to calculate market statistics. ©2023 UHERO.HAWAII.EDU UHERO UHERO REPORT Hawaii California Massachusetts Washington Colorado Oregon New Jersey New York Utah Maryland Nevada Virginia Rhode Island New Hampshire Connecticut Alaska Delaware Idaho Arizona Montana Minnesota Florida Vermont Wyoming Illinois Maine North Dakota Georgia Texas Wisconsin North Carolina Pennsylvania Tennessee South Dakota New Mexico South Carolina Nebraska Louisiana Michigan Missouri Kansas Iowa Ohio Indiana Alabama Kentucky Oklahoma Arkansas Mississippi West Virginia Median Home Value Across States 200 400 600 Median Price ($1,000) Source: 2021 American Community Survey 5-year estimates. Data includes all owner -occupied housing units, including those in both single-family and multifamily buildings. A significant amount of price appreciation in the housing market has occurred during the pandemic era Over the pandemic, with mortgage interest rates falling below 3% and households in need of more space, home prices soared. Before the pandemic, the median single-family home price in the state was $650,000. Between 2019 and 2022, prices rose by 35%, before leveling off in 2023. Median condo prices saw a 30% pandemic increase, jumping from $453,000 in 2019 to $587,000 in 2022, and have since risen further to $600,000. Mortgage interest rates rose sharply in 2022, and have remained near 7%. While high mortgage rates have dampened demand and reduced transaction activity, median prices have not fallen significantly. UHERO.HAWAII.EDU 02023 j T T j E -ID\ kr__ -I% UHERO REPORT Home prices vary widely across the state Hawai'i County is an outlier in terms of home prices. Median single-family home prices on Maui and Honolulu have hovered near the $1 million mark for the past year. Prices on Kauai are comparable, with a median price near $900,000. Contrastingly, the median single-family home in Hawaii County sells for $400,000. Median condominium prices in Hawaii County ($550,000) actually exceed that of single-family homes. High condo prices indicate a lack of multifamily housing supply and an aging stock of single-family homes. At the zip code level, the differences are even more substantial. The pages of this report provide median prices across 63 zip codes in the state. The North Shore of Oahu, as well as some neighborhoods on Kaua'i rank among the most expensive areas. Kilauea (zip code: 96754) on Kaua'i had the highest median sales price over the past year, at $2.3 million, though only 16 properties transacted during that time. Contrastingly, the cheapest zip codes are all located in Hawai'i County, where two zip codes have median sales prices under $300,000. Single-family Home Sales Over Past 12 Months Median Sales Price State $851,500 Honolulu County $1,055,000 Maui County $1,000,000 Kaua'i County $892,500 Hawaii County $400,000 Top Priced Zip Codes Bottom Priced Zip Codes Mountain View (96771), $307,500 Hawai'i Discovery Harbour $282,500 (96772), Hawai'i Hawaiian Beaches (96778), $230,000 Hawaii Data covers all transactions from June 2022-May 2023. Median Single-family Home Prices by Zip Code Hawaii Honolulu Kaua'i Median Price in Millions Maui ❑ No Data 0.5 1.0 1.5 2.0 The combination of high housing prices and high interest rates has drastically reduced housing affordability The surge in mortgage interest rates over the past year has radically decreased housing affordability for buyers. The share of local households who can afford the median priced home has fallen dramatically. In the below figures, we consider a mortgage to be "affordable" if no more than 30% of the household's income is devoted to mortgage payments on a standard 30-year mortgage. In 2012, households needed to earn 120% of the state's median income to afford the mortgage on the median priced single-family home. In 2022, home buyers needed to earn nearly 180% of the state's median income (or $150,000 per year) to afford the median home. While condo prices are lower, affordability has also decreased with condo buyers now needing to earn $100,000, or 120 % of Hawai`i's median income, to afford the median condo. The collapse in affordability of homeownership has been driven by the rise in interest rates over the past year. Even before the spike in rates, housing was unaffordable compared to most US markets. UHERO.HAWAII.EDU 102023 UHERO UHERO REPORT Fewer than one-third of households in Hawai'i can afford the typical local home A household earning the state median income can no longer afford the state's median priced condominium, let alone a single-family home. High prices and high mortgage interest rates mean that homeownership has become out of reach for a larger share of residents. Over the past two years, the share of households in the state who can afford mortgage payments on the median single-family home has fallen from 44% to 30%, meaning fewer than one in three households can afford the typical single-family home. Fewer than half of households are in a position to afford the median condominium. Share of State Median Income Required to Afford the Median State Home 1801. a) 60 Q a� 140-t E 0 U 120'. c ct7 d Z' 100°a 0 N m C 80'0 � Housing 2012 2014 2016 2018 202,"D 2022 Housing Type Median Single-tamily Home Median Condominium Median Rental A local household currently needs to earn 180% of the state median income to afford the median single-family home, so that no more than 30% of their income goes to mortgage payments. Percentage of Local Households who Can Afford the Median Priced Home 100". 80'. 0 L Q) Housing Type 0 60op = Median Single-family Home `o � — Median Condominium cti 40�= — Median Rental c a� U N IL 201. UHERO 0% 2012 2014 2016 2018 2020 2022 Only 33% of local households can afford a mortgage on the median priced single-family home. UHERO.HAWAII.EDU ©2023 UHEkO UHERO REPORT Median Household's Share of Income Devoted to Rent or Mortgage Payments Hawaii Honolulu Kaua'i Share of Income (%) Maui _ ❑ No Data 20 25 30 35 A single-family home bought in 2000 is now priced nearly four times higher Unlike median home prices, the UHERO Repeat Sales Index (as described on the following page) accounts for home quality by looking at price changes of the same property over time. Single-family home prices have increased 260% since 2000. The UHERO Repeat Sales Index, which controls for the changing characteristics of the housing stock, shows that a single-family home sold today is 370% more expensive than it would have been in 2000. Some areas in the state have seen home values increase to 2.5 times their 2000 value, while homes in other areas are selling for 8 times their 2000 value The UHERO Repeat Sales Index reported in the following data pages considers both single-family homes and condominiums. Among all homes, Honolulu County has seen the lowest home price growth since 2000, with prices up by 277%. Hawai`i County experienced 318% growth, Maui County experienced 339% growth, and Kauai County experienced 384% growth. Looking at the repeat sales index by zip code, the state's lowest appreciating areas are concentrated in urban Honolulu. Downtown Honolulu/Pauoa (96813), Ala Moana/Ward (96814), and McCully/Mo`ili`ili (96826) have seen the least growth in home values with properties selling from 2.5 to 2.9 times their 2000 level. These neighborhoods have a significant share of condominiums and have also experienced significant growth in new home construction. On the other hand, home appreciation in Hawaiian Acres (96760) on Big Island is ranked top in the state with home values appreciating nearly 800%. Homes in Hawaiian Paradise Park (96749) and Hanapepe (96716) have also appreciated dramatically, selling for more than seven times their 2000 values. UHERO.HAWAII.EDU 02023 UHEILO UHERO REPORT The UHERO Repeat Sales Index The median sales price of a single-family home in Hawai'i has increased by 260% since 2000. The median sales price is easy to calculate and is the standard metric used to monitor home price fluctuations. However, there are many ways that the median sales price can give a misleading view of how home prices are changing. UHERO has created a new metric to measure home price fluctuations, the UHERO Repeat Sales Index, which provides an alternative method to track home price changes over time. A benefit of reporting the median sales price is that it is relatively easy to understand. If we sorted all home sales from the cheapest to the most expensive, the home in the middle of that list would represent the median sales price. If this median price increases from one year to the next, this provides some indication that the cost of a typical home is rising. However, what happens if the types of homes sold one year are different from those that sold the next year? For example, what would happen if the price of every home stayed the same, but relatively more luxury homes transacted in a given year? This would push up the median sales price for that year, even though the cost of any given home didn't change. As the quality of our housing stock changes over time, and as particular segments of the market heat up or cool, the median sales price will fluctuate. To correct for the changing quality of housing over time, economists have proposed using a repeat sales index. The use of a repeat sales index for housing was popularized by economists Karl Case, Robert Shiller, and Allan Weiss, who developed a methodology and began reporting an index in 1991. The basic concept is to only look at homes that have sold multiple times within the data, and track how individual homes appreciate over time. Using a statistical process, the price changes are averaged and smoothed across time. The result is an index that can be interpreted as the change in the price of the typical home over time, holding constant any changes in the types of homes that sell from one year to the next. When thinking about home prices, people are mainly concerned with how much more it costs to purchase the same type of home over time, rather than how much it costs to purchase the median home, when the quality of the median home might be changing. Therefore, the Repeat Sales Index is often more relevant to conversations around the evolving cost of housing. The figure below compares the change in HawaiTs median sales price for single-family homes to the change in the UHERO Repeat Sales Index. Both measures are indexed to the year 2000, so the values can be interpreted as changes from that baseline. The indexed median sales price shows a single-family home is currently 3.6 times as expensive as in 2000. The Repeat Sales Index shows prices are 4.7 times as expensive. Looking at the median sales price understates price appreciation since 2000 by 40% relative to the Repeat Sales Index. The difference between the two measures is due to the failure of the median sales price to account for the changing quality of housing. In other words, the median home that was sold in 2000 was of higher quality than the median home sold today. Quality can mean many things in this context. For example, homes that changed hands in 2000 may have been newer, on larger lots, had more floor area, or were located more centrally than homes that sold more recently. To illustrate why these two metrics give us different results, we can consider the subset of single-family homes that were actually sold in 2000 and then resold in 2022. We identified 39 single-family homes in the state that meet these criteria. One of these homes could be purchased in 2000 for an average of $334,000. In 2022, the average price had increased by 340% to $1,465,000. A young person wanting to buy the exact home their parents bought 22 years ago will need to pay 4.4 times as much. Furthermore, the home they buy is now 22 UHERO.HAWAII.EDU G2023 UHERO UHERO REPORT Two Ways to Measure Changes in Single-family Home Prices Soo O 450 O 400 II 0350 o 300 z) 250 C�� tv 200 X 150 U H E EEO 1995 2000 2005 2010 2015 2020 UHERO Repeat Sales Index — Median Sales Price (indexed) Since 2000, the median sales price of a single-family home in Hawaii has increased by 270%, while the Repeat Sales Index has increased by 366%. years older and therefore likely in poorer repair. Considering this type of scenario demonstrates why the 260% increase in median home price can actually understate thdiseverity of the housing crisis as experienced by Hawaii residents. One factor driving the wedge between the median home price and the Repeat Sales Index is the aging of HawaiTs housing stock. In 2011, the median -aged home in Hawai'i was built in 1978. By 2021, the median home was built in 1980. The slow pace of housing production in Hawaii means we are transacting nearly the same set of single-family homes that we were transacting 10 years ago, and these homes are gradually decaying in quality. According to national data from the American Community Survey over the past 10 years, no state in the US has a housing stock that is aging more quickly than Hawaii. Among transacted homes, the median home sold today is 33 years old, whereas 10 years ago the median home was only 24 years old. Although homes can be renovated and updated over time, homes typically decline in quality as they age. As HawaiTs housing stock ages, we might expect falling home prices. However, the rapidly rising median sales price demonstrates that buyers in Hawai'i are paying more even though the purchased homes are older. While potentially more reflective of how people experience changing home prices, Repeat Sales Indices also have shortcomings. In particular, the index will ignore homes that sell only once, which is particularly relevant for recently constructed housing. Repeat Sales Indices will be particularly sensitive to homes that transact a lot, and homes that resell frequently might not be representative of the overall market. Nevertheless, a Repeat Sales Index provides a new data point to help understand housing costs. Monitoring changes in the index can help gauge progress in reigning in housing costs. UHERO.HAWAII.EDU ©2023 UHERO UHERO REPORT Rents continue to rise While less volatile than home prices, the median rent in the state has grown steadily. Official American Community Survey data from 2021 estimates the median monthly rent in the state to be $1,755, the highest of any state in the nation. To provide more recent information on rent trends, UHERO collects rental listings data from Craigslist. Rather than capturing the median rent across all renters, Craigslist data provides information on the current going rate for a new rental. The median rental property on Craigslist is currently listed at just over $2,000. Maui has the highest -priced listings, with a median listed apartment renting for $2,500. Like home prices, there is significant variation in rent prices throughout the state. According to 2021 American Community Survey data, only five zip codes have median rent below $1,000. Four of them are in Hawaii County and the other is on Molokai (96748). Rent is highest in Hawaii Kai (96825) and Kailua (96734) where median rent exceeds $3,000. Median Rent Across the State 00h1 2000 .• _ — C a) (r 1000 UHERO 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent — — Median Craigslist Asking Rent The most recent US Census Bureau data shows median rent in the State to be $1,755. The median rent among current rental postings on Craigslist is $2,000. Affordability in the rental market has remained relatively stable over the past decade The ability of local households to afford a rental unit has not changed dramatically over the past decade. Rents have increased, but incomes have as well. The median rental unit is unaffordable to 40% of households, meaning more than 30% of their income would go to rent. Hawaii has consistently suffered from poor rental affordability compared to other states. Nationally, the median rental unit is unaffordable to 33% of households. Hawai'i has the fourth -highest homelessness rate in the nation In 2022, Hawaii had the fourth -highest share of residents experiencing homelessness. Nationwide, for every 10,000 residents, about 18 were experiencing homelessness. In Hawaii, the rate is 41, more than twice the national rate. According to the best available data, the number of residents experiencing homelessness has been relatively stable in Hawaii for the past 15 years. While the events that cause an individual to experience homelessness are varied, there is a strong statistical relationship between home prices and homelessness. The average homelessness rate among the 10 most expensive states is 27 per 10,000, while in the 10 cheapest states, the average rate is 8 per 10,000. Notably, the state with the lowest rate of homelessness in the country is Mississippi. Mississippi is the poorest state in terms of household income but also has the second lowest home prices. Across states, each 10% increase in home prices correlates with a 10% increase in the rate of homelessness. ©2023 UHERO.HAWAII.EDU UHERO UHERO REPORT 40 LO c .� o C. Lca 5 30 Cn Q a) o � CL in o 20 a� o �o E— = Q 10 Homelessness Rate vs Median Home Value by State 200 300 400 500 600 700 Median Home Value ($1,000) There is a significant positive correlation between home prices and the rate of homelessness across states. Source: HUD Point -in -Time Counts, 2022. BUILDING NEW HOUSING SUPPLY Hawai'i's total housing supply has not grown significantly The state of Hawaii currently has about 557,000 housing units, with Oahu accounting for 66% of the state's housing stock. Over the past five years, the state increased its housing stock by 27,000 units. The vast majority of these new units were located in Honolulu County, which saw an increase of over 24,000 units. Hawaii County also saw a positive net increase in its housing stock, adding just under 3,000 units in the past five years. Interestingly, Maui County and Kauai County reported a very small net housing loss over the past five years, according to the US Census Bureau. This implies that new home construction on these islands has been extremely limited, causing the total housing stock to essentially remain constant. Because average household size is shrinking, the modest rise in state housing supply has resulted in a declining state population. Over the past five years, Hawaii has permitted nearly 12,000 single-family homes In the last five years, there have been nearly 12,000 permits issued for single-family homes in the state. Hawaii County saw the largest share, permitting 4,700 units while Honolulu permitted 4,000. Single-family home permits over the past five years were more limited in Maui County and Kauai at 2,100 and 900 permits respectively. `Ewa Gentry (96706) alone accounted for 9% of the state's single-family home permits over the past five years. A significant portion of single-family permits were also issued to areas on the east side of Hawaii County. Hilo (96720), Hawaiian Beaches (96778), and Hawaiian Paradise Park (96749) were issued 770, 730, and 720 permits respectively, together making up about 19% of all single-family permits issued throughout the state. In the last five years, Hawaii has issued 400 multifamily development permits which were concentrated on the west side of O'ahu Hawaii has permitted 411 multifamily projects over the past five years. The Honolulu County zip codes of `Ewa Gentry (96706) and Makakilo (96707), together made up 30% of state-wide multifamily permits, though many of these were for relatively small projects. While the number of new multifamily buildings permitted in central Honolulu zip codes is relatively low, these projects include very large towers which contributed significantly to new housing units. UHERO.HAWAII.EDU ©2023 UHERCOI UHERO REPORT Hawai'i has the most restrictive land use regulations in the nation Hawaii is among the most regulated states for new housing production. Regulatory barriers put a supply constraint on the state's housing stock and contribute to the low supply of new housing. The Wharton Residential Land Use Regulatory Index (Wharton Index) uses survey data to quantify the barriers to producing new housing. UHERO completed a survey and report to measure how Hawaii compares to other jurisdictions. The report showed that Hawaii has the most restrictive housing regulations in the nation. Long permit delays, limits on land use, legislative and judicial hurdles, and affordable housing requirements all constrain new construction making it more difficult for new housing to be supplied. In the pages that follow we provide median permit processing times for the state, counties, and zip codes. The calculations are based on all housing permits included in county databases that were provided to UHERO. Hawaii New Jersey Maryland Rhode Island California Nevada Utah Florida Oregon Mississippi Montana Massachusetts Arizona Delaware Washington Idaho South Carolina Pennsylvania Colorado New Mexico New York Wisconsin Indiana Connecticut Tennessee North Carolina Texas Minnesota Virginia Vermont Illinois New Hampshire West Virginia Louisiana Wyoming Kansas Oklahoma Ohio Nebraska Michigan Maine Georgia Missouri Kentucky South Dakota North Dakota Arkansas Iowa Alabama Alaska •1.0 Wharton Residential Land Use Regulatory Index -0.5 0.0 0.5 1.0 Wharton Index � � Housing The figure shows the Wharton Index of each state, calculated by taking the average of all reporting jurisdictions within that state. A positive index number indicates building restrictions are more onerous than average. UHERO.HAWAII.EDU D2023 UHERO UHERO REPORT Across the state, only 7.5% of residentially zoned land allows the construction of multifamily housing The state currently has less than 4% of total land zoned to allow housing of any kind. Of that residential land, only 7.5% allows multifamily housing, meaning only 0.3% of the state's land is zoned for multifamily development. Multifamily housing is only allowed in a few central areas, as shown in the maps below. Oahu has the highest share of residential land that allows multifamily construction at 20%. Maui County also has a relatively high share at 18%. On the other islands, multifamily housing zones are much more limited. Just 9% and 2% of Kauai and Hawaii county's residential land is zoned for multifamily construction respectively. Expanding the supply of housing will require the production of new multifamily housing stock. Limiting multifamily housing to an extremely small share of the state's land puts a cap on the amount of housing that can be created. Because multifamily -zoned land is made scarce, the price of the land is bid up, increasing the costs of development. Areas in the State Zoned for Housing Hawai'i Honolulu Kauai THE DEMAND FOR HOUSING Maui ■ Multifamily allowed Mortgage Interest rates have surged dramatically Interest rates surged from a historical low of 2.6% in December 2020 to a peak of 7% in October 2022 and have since fallen only marginally. Current rates are similar to levels we were seeing before the Great Recession in 2008 and are still roughly 3 percentage points lower than in the early 90s. Although rates are not high compared to previous decades, inflation -adjusted home prices are at a historical high. High -interest rates paired with high home prices have pushed many local buyers out of the market. UHERO.HAWAII.EDU ©2023 UHERO UHERO REPORT a� cc US Mortgage Interest Rate 1990 2000 2010 2020 The mortgage interest rate sits just below 7%. Out-of-state buyers make up a large share of home sales in Hawaii accounting for over half of condominium sales on the Neighbor Islands Across all home sales in the state over the past year, 23% of single-family homes and 29% of condominiums were sold to a buyer who listed an out-of-state address. Out-of-state buyers are particularly active in the condominium market and on the Neighbor Islands. For single-family homes on Oahu, only 12% of sales are to out-of-state buyers. Contrastingly, out-of-state buyers account for roughly half of condominium sales in Maui and Hawaii counties, and 66% of condominium sales on Kauai.. During the pandemic, sales to international buyers plunged, but sales to mainland buyers increased. The impact of out-of-state purchases on the housing market largely depends on how the property is used after the purchase. The buyer might be an incoming resident, they may rent the unit to a local household, or they may choose to leave the property vacant (or for occasional use) as a way to store capital and potentially benefit from future increases in housing prices. Out-of-state capital investment in housing can be vital to producing new projects. If the end result is that the property is occupied by a local household, then out-of-state investment can help in meeting housing demand. Contrastingly, land or housing that is purchased by an out-of-state investor and left vacant puts upward pressure on housing prices without providing new housing, hurting local affordability. Policies that penalize leaving a property vacant are currently being considered and could limit the negative effects of out-of-state investment on local affordability. Hawai'i has the lowest property taxes in the nation Property taxes are an important consideration when investing in real estate. Hawai`i's combination of low property taxes and high income taxes means the state is an attractive place to own a home but a relatively unattractive place to earn income. Low property taxes put upward pressure on home prices. Depending on the county and circumstances, homes that are not a person's primary residence typically face higher property tax rates. Effective property tax rates for the median home in each state are calculated in a national survey and are shown in the figure below. Property tax rates in Hawaii are a fraction of other states, and 30% below the second -lowest state (Alabama). The Short Term Rental (STR) market makes up a significant portion of Hawai'i's total housing stock The introduction of homesharing platforms such as Airbnb and VRBO has enabled the rise in the STR market. Currently, 5.5% or 30,000 of Hawai`i's 557,000 total housing units operate as STRs. Within the state, there are stark differences by county. The STR market in Honolulu County and Hawaii County make up 2% and 8% of the total housing stock respectively. Kauai and Maui Counties' STR market represents roughly 15% of the total housing supply. Relative UHERO.HAWAILEDU G2023 UHER(._/ UHERO REPORT to other cities across the US, Hawai`i's counties have a large share of STRs. Cities like Las Vegas and Los Angeles where tourism is also a considerable driver of the economy have much smaller STR shares at 3% and 1% respectively. A more detailed discussion of the STR market was provided in a recent HERO blog. Using economic studies of other markets, we estimated that the presence of STRs in Honolulu raises housing costs by roughly 5%. New Jersey Illinois New Hampshire Connecticut Vermont Wisconsin Texas Nebraska New York Rhode Island Pennsylvania Iowa Ohio Michigan Kansas Maine South Dakota Massachusetts Alaska Minnesota Maryland Washington North Dakota Oregon Missouri Georgia Oklahoma Florida Kentucky Indiana North Carolina Montana Virginia Mississippi New Mexico California Tennessee Idaho Arizona Utah Arkansas Wyoming Nevada West Virginia South Carolina Delaware Louisiana Colorado Alabama Hawaii Effective Property Tax Rate by State 0.0 0.5 1.0 1.5 2.0 2.5 Effective Property Tax Rate Data provided by the Lincoln Institute's State -by -State Property Tax at a Glance database. Effective property tax rates are based on 2021 data and apply to the median home. UHEROMAWAII.EDU G2023 UHERO UHERO REPORT 1 4. STRs are heavily concentrated in a few neighborhoods, but still extend to all areas of the state A large share of STRs are in tourism -dense resort areas. In Princeville (96722), Lahaina (96761), and the Waikiki/ Kapahulu area (96815), STRs account for 71%, 40%, and 22% of the total housing supply in their zip codes respectively. Although STRs are restricted or illegal in most residential areas, just 21 of the 63 zip codes recorded in this report have an STR share under 1% of housing stock. Some predominantly residential areas have significant STR shares. STRs make up 17% and 9% of housing units in Kailua-Kona (96740) and Kapa`a (96746) respectively. Kauai County Maui County Hawaii County State of Hawaii Honolulu County Los Angeles Seattle San Francisco New York City Las Vegas Chicago STR Listings as a Percentage of Housing Stock 0% 5°0 10% 15% ■ Airbnb Listings 0 Non-Airbnb STR Listings (approximated) Airbnb listing data is provided by Inside Airbnb. Non-Airbnb STR listings are approximated according to the methodology outlined in the UHERO blog: Short-term Vacation Rentals and Housing Costs in Hawaii. UHERO.HAWAII.EDU ©2023 UHERO UHERO REPORT DATA DICTIONARY A note on "zip code" geographies: This report provides data at the zip code level. However, the zip code boundaries are defined using current Zip Code Tabulation Areas (ZCTAs), which are defined by the US Census Bureau. The boundaries of ZCTAs approximate areas with the same zip code, where zip codes are defined by the US Postal Service. In some cases, the boundaries between ZCTAs and zip codes may differ. The map icon in the top left of each page represents the ZCTA boundaries. All data conforms to ZCTA boundaries, except for Craigslist rental estimates which are classified based on the zip code address of the property. A note on missing data and sample size: Some zip codes are small, meaning some of the data points are unavailable or based on a small number of observations. This reference book does not include every zip code. Some very small zip codes are omitted entirely. Generally, we choose to report data when it is available. For zip codes with small populations or a small number of housing transactions, the data points will be more volatile and may be driven by outliers. When insufficient data is available for a single data point, we represent that data point with a "" symbol. A note on rankings: County and zip code pages include rankings for each data point (eg 1163). A rank of one indicates the highest value. For counties, the ranking is among the four counties included. For zip codes, the ranking is among all other zip codes for which data is available. Variable Name Source Date of Data Collection Description Demographics Population American Community 2017-2021 Total residential population. Survey American Community Median household income before Median household income S u rvey 2017-2021 taxes. College education rate American Community 2017-2021 Share of residents over the age of 25 Survey with a college degree. Unemployment rate American Community 2017-2021 Share of residents who are in the Survey workforce but are not employed. Racial shares American Community 2017-2021 Racial shares of the local residential Survey population. American Community Share of population under the age Under 18 population share Survey 2017-2021 of 18. American Community Share of local population over the Over 65 population share Survey 2017-2021 age of 65. Zoning "Residential" zoning includes single- family, multifamily, mixed -use, and mixed agricultural/residential land Residential land (acres) County Zoning Maps 2023 where the zoning restricts individual plots to below three acres. Publicly available digital zoning maps are used. Total residential population is Residents per acre of County Zoning Maps; 2023; divided by total residential land residential land American Community 2017-2021 area, where residential land is Survey described above. UHERO.HAWAII.EDU ©2023 UHER(3) UHERO REPORT Variable Name Source Date of Data Collection Description Residential land is described above. Share of residential land County Zoning Maps 2023 Publicly available digital zoning zoned multifamily maps are used. Rental Market Renter share American Community Ame 2017-2021 Share of households that rent their home, Median rent American Community 2017-2021 Median contract rent paid by Survey renters, excludes utilities. Median price among rental housing advertisements on Craigslist. Median asking rent Craigslist.com 2023 Typically, advertised rents will (Craigslist) exceed median rents in markets where rents are rising. The median household in terms of Median rent paid as share American Community 2017-2021 gross rent payments divided by their of income Survey household income. Share of renter households who pay Rent burdened (>30% of American Community 2017-2021 more than 30% of income towards income) Survey rent. Share of renter households who pay Severely rent burdened American Community 2017-2021 more than 50% of income towards (>50% of income) Survey rent. Property Market Share of households that own the Owner -occupier share American Community 2017-2021 home they live in (including through Survey a mortgage). Median priced single-family home across all recorded single-family Median single-family price Black Knight June 2022 May 2023 home transactions. We omit Transaction Records transactions under $50,000 as they are unlikely to be true, arms -length, transactions. Median priced condominium across all recorded condominium Median condominium price Black Knight Transaction Records June 2022- May 2023 transactions. We omit transactions under $50,000 as they are unlikely to be true, arms -length, transactions. An index calculated by UHERO to represent home price growth since 2000. The index takes a value of 100 in the year 2000. A one point increase in the index represents UHERO Repeat Sales Index Black Knight 1994-2023 a 1 /o increase in price from 2000 Transaction Records levels. The calculation includes both single-family homes and condominiums. A description of the index is provided in the text of this report. UHERO.HAWAII.EDU ©2023 UHERO UHERO REPORT Variable Name Source Date of Data Collection Description Owner costs include mortgage Median monthly owner American Community 2017-2021 payments, property taxes, home - costs Survey owner insurance payments, utility bills, and HOA fees where applicable. The monthly owner costs of each Median owner costs as American Community 2017-2021 owner -occupied household is share of income Survey divided by their household income and the median is calculated. The total number of single-family homes transacted in the past year. Single-family home Black Knight June 2022- May 2023 We omit transactions under $50,000 transactions in past year Transaction Records as they are unlikely to be true, arms - length, transactions. The total number of condominiums transacted in the past year. The count includes townhomes, Condominium transactions Black Knight tune 2022 May 2023 duplexes, or units in any building in past year Transaction Records with more than one unit. We omit transactions under $50,000 as they are unlikely to be true, arms -length, transactions. The share of transactions over the Out -of state buyer share Black Knight June 2022- May 2023 past year where the buyer listed an Transaction Records out-of-state home address on the deed transfer documents. Housing Stock Number of housing units American Community 2017-2021 Total housing units (occupied or Survey unoccupied). Number of years between 2023 and the year the median unit was Median age of housing American Community 2017-2021 constructed. Construction dates units (years) Survey do not account for renovations or additions. The difference between total housing units recorded in the 2021 Net housing units added American Community 2017-2021; 2012-2016 5-year American Community Survey over past five years Survey and the 2016 5-year American Community Survey. Total number of residential housing permits issued over the past 5-years. Data collection differs by county, and estimates were New projects permitted Country Permit Records mid 2018- mid 2023 prepared by UHERO. The figures over past five years are estimates, and may be affected by discrepancies in record keeping, or assumptions made in the classification of permits. UHERO.HAWAII.EDU ©2023 UHERO UHERO REPORT ED Variable Name Median permit processing time Active short-term vacation rentals (STRs) STRs as percentage of housing job Access jobs within 30 minutes by Source Date of Data Collection Country Permit Records mid 2018- mid 2023 DBEDT STIR Records 2023 American Community Survey; DBEDT STIR 2017-2021; 2023 Records TravelTime, LEHD 2022, 2019 LODES Description The median number of days elapsed between the initial filing date of the permit application and the issue date of the permit's final approval by the county. Estimates across counties may not be precisely comparable due to differences in data keeping. The number of active short-term vacation rentals as of February 2023. The total includes listings on all major STR platforms, including Airbnb. The total does not include hotel rooms, but does include units that may be part of a resort community or time-share development if they are advertised on STIR platforms. The total only includes "whole -home" rentals, excluding listings that include single rooms within a housing unit. The number of active short-term vacation rentals divided the number of housing units. Using the population weighted center of a ZCTA, UHERO calculated the distance reachable by car or transit within 30 minutes in 2022. Calculations account for average traffic conditions and assume a 9 am, weekday arrival time. Transit may include walking. The number of jobs within the accessible area is then summed, using 2019 federal employment data. UHERO.HAWAII.EDU 02023 T 7u E FD _O M _ Counties Big Island Zip Codes Honolulu Zip Codes Kauai Zip Codes Maui Zip Codes State of Hawaii Demographics Population.....................................1,453,498 Median household income ........................ $88,005 College education rate ............................. 34.3% Unemployment rate.................................4.9% Racial shares: Asian...........................................37.5% Black............................................1.9% Hawaiian or Pacific Islander .................... 10.6% White..........................................23.7% Under 18 population share .........................21.4% Over 65 population share .......................... 18.5% Zoning Residential land (acres)..........................223,776 Residents per acre of residential land ................. 6.5 Share of residential land zoned multifamily .......... 7.5% Rental Market Renter share.......................................39.0% Median rent.......................................81,755 Median asking rent (Craigslist) .................... $27023 3D00 ea 2000 c 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ............... 32.7% Rent burdened (>30% of income) .................. 55.3% Severely rent burdened (>50%D of income) ..........28.0% rn 100 a1 75 Ir p 50 c 25 a 0 2014 2016 2018 2020 Rent Burdened — Severely Rent Burdened Property Market WE Wt,,nalvtic� Owner -occupier share .............................. 61.0% Median single-family price ...................... $851,500 Median condominium price ..................... $600,000 UHERO Repeat Sales Index ..........................399 Median monthly owner costs ...................... $2,587 Median owner costs as share of income.............25.8% g 1500 1 � uloo U �~ 8 0 1994 1998 2002 2006 2010 2014 2018 2022 •— Single Family Homes — Condos Single-family home transactions in past year ........ 6,774 Out-of-state buyer share ........................ 22.7% Condominium transactions in past year.............8,543 Out-of-state buyer share ........................ 28.6% C: 0 Z i5DD0 10000 ro 5000 c Q 0 1994 1998 2002 2D06 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock Number of housing units ......................... 556,937 Median age of housing units ..................... 44 years Net housing units added over past five years ....... 26,648 New projects permitted over past five years: Single-family homes ............................ 11,729 Multi -family developments ........................ 411 Median permit processing time...............161 days Active short-term vacation rentals (STRs) ......... 30,436 STRs as percentage of housing ......................5.5% v, 30000 3° CC 20000 4S H to m y 10000 2U) a � 0 0'� 2019 2020 2021 2022 2023 State ® Big Island Zip Codes Honolulu Zip Codes Kauai Zip Codes Maui Zip Codes 20 C Hawal 1 County UHERO Demographics (rank) Population .................................. 200,468 (2/4) Median household income ....................$68,399 (4/4) College education rate .........................30.2% (2/4) Unemployment rate ............................ 6.9% (1/4) Racial shares: Asian ...................................... 22.1% (4/4) Black ....................................... 0.7% (2/4) Hawaiian or Pacific Islander................12.0% (1/4) White......................................32.6% (2/4) Under 18 population share .................... 21.5% (3/4) Over 65 population share ......................21.3% (1/4) Zoning Residential land (acres)......................146,763 (1/4) Residents per acre of residential land ............. 1.4 (4/4) Share of residential land zoned multifamily ..... 2.3% (4/4) Rental Market Renter share .................................. 30.2% (4/4) Median rent .................................. $1,250 (4/4) Median asking rent (Craigslist) ............... $1,750 (4/4) 3000 u^, 2000 c � tr 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........... 30.0% (3/4) Rent burdened (>30% of income) ............. 50.1% (3/4) Severely rent burdened (>50% of income) ..... 25.7% (3/4) N 100 2 y 75 50 ___..._.�_._._...._.._.__ .._._..�.��_ c 25 d IL o 2014 2016 2018 2020 — Rent Burdened — Severely Rent Burdened Property Market Owner -occupier share ......................... 69.8% (1/4) Median single-family price .................. $400,000 (4/4) Median condominium price ................. $550,000 (3/4) tiHERO Repeat Sales Index.....................418 (3/4) Median monthly owner costs .................. $1,867 (4/4) Median owner costs as share of income ........ 24.4% (4/4) 0 1500 0 1000 EL Soo 1994 1998 2002 2006 2010 2014 2018 2022 Single Family Homes — Condos Single-family home transactions in past year ... 2,622 (2/4) Out-of-state buyer share....................31.7% (2/4) Condominium transactions in past ,year .......... 662 (3/4) Out-of-state buyer share....................52.7% (2/4) N C O M 4000 N c �o H 2O00 �. m Q 0 1994 1998 2002 2006 20t0 2014 2018 2022 Single Family Homes — Condos Housing Stock Number of housing units ......................88,259 (2/4) Median age of housing units.................36 years (4/4) Net housing units added over past five years ... 2,931 (2/4) New projects permitted over past five years: Single-family homes .........................4,672 (1/4) Multi -family developments ...................... 5 (4/4) Median permit processing time .......... 458 days (1/4) Active short-term vacation rentals (STRs) ..... 6,847 (3/4) STRs as percentage of housing ................. 7.8% (3/4) N 6000 80 0 cc F. 4000 6= 0 N 4 � > 2000 2 U) Q 0 0 2019 2020 2021 2022 2023 State Big Island Zip Codes Honolulu Zip Codes Kauai Zip Codes Maui Zip Codes 21 Honolulu County UHERO Demographics (rank) Population.................................1,015,167 (1/4) Median household income ....................$92,600 (1/4) College education rate .........................36.2% (1/4) Unemployment rate ............................ 4.4% (3/4) Racial shares: Asian ...................................... 42.3% (1/4) Black ....................................... 2.5% (1/4) Hawaiian or Pacific Islander ................ 10.2% (3/4) White......................................19.9% (4/4) Under 18 population share .................... 21.3% (4/4) Over 65 population share ......................17.8% (4/4) Zoning Residential land (acres).......................50,572 (2/4) Residents per acre of residential land ............ 20.1 (1/4) Share of residential land zoned multifamily .... 20.0% (1/4) Rental Market Renter share..................................41.6% (1/4) Median rent .................................. $11870 (1/4) Median asking rent (Craigslist) ............... $2,023 (3/4) 3000 v, 2000 _ - - c 2 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rem Median rent paid as share of income ........... 33.4% (1/4) Rent burdened (>30% of income) ............. 56.7% (1/4) Severely rent burdened (>50% of income) ..... 28.5% (2/4) Lh 100 m 75 a� o_ 0 50 °' 25 U d d 0 2014 2016 2018 2020 Rent Burdened — Severely Rent Burdened Property Market Owner -occupier share ......................... 58.4% (4/4) Median single-family price ................ $1,055,000 (1/4) Median condominium price ................. $550,000 (3/4) UHERO Repeat Sales Index ..................... 377 (4/4) Median monthly owner costs .................. $2,787 (1/4) Median owner costs as share of income ........ 25.8% (3/4) 1500 o00 a 500. / ro 0 1994 1998 zooz 2006 zolo zola 2016 zazz — Single Family Homes — Condos Single-family home transactions in past year ... 3,011 (1/4) Out-of-state buyer share....................11.5% (4/4) Condominium transactions in past year ........ 6,087 (1/4) Out-of-state buyer share....................18.9% (4/4) a U 10000 c m 5000 10 C Q 0 1994 1998 2002 2006 2010 2014 2018 2022 Single Family Homes — Condos Housing Stock Number of housing units .....................367,126 (1/4) Median age of housing units.................47 years (1/4) Net housing units added over past five years .. 24,144 (1/4) New projects permitted over past five years: Single-family homes ......................... 4,020 (2/4) Multi -family developments .................... 224 (1/4) Median permit processing time .......... 153 days (4/4) Active short-term vacation rentals (STRs) ..... 8,544 (2/4) STRs as percentage of housing ................. 2.3% (4/4) 10000 B° to O_ C 22 O C 6000 j. 7 (n U O Q C1 0 OF 2019 2020 2021 2022 2023 State - Big Island Zip Codes Honolulu Zip Codes Kauai Zip Codes Maui Zip Codes 22 Kauai County UHERO Demographics (rank) Population....................................73,247 (4/4) Median household income ....................$86,287 (3/4) College education rate .........................30.1% (3/4) Unemployment rate ............................ 4.4% (3/4) Racial shares: Asian ...................................... 31.0% (2/4) Black ....................................... 0.5% (4/4) Hawaiian or Pacific Islander ................. 9.5% (4/4) White......................................31.7% (3/4) Under 18 population share .................... 21.8% (1/4) Over 65 population share ......................20.3% (2/4) ZiOning Residential land (acres).......................17,745 (3/4) Residents per acre of residential land ............. 4.1 (3/4) Share of residential land zoned multifamily ..... 9.0% (3/4) Rental Market Renter share..................................36.0% (3/4) Median rent .................................. $17525 (3/4), Median asking rent (Craigslist) ............... $2,227 (2/4) 3000 2000 - - c 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........... 28.5% (4/4) Rent burdened (>30% of income) ............. 47.0% (4/4) Severely rent burdened (>50% of income) ..... 23.8% (4/4) rn 100 y 75 ¢ `O 50 c 25 li 0 2014 2016 2018 2020 Rent Burdened — Severely Rem Burdened Property Market Owner -occupier share ......................... 64.0% (2/4) Median single-family price .................. $892,500 (3/4) Median condominium price ................. $749,000 (2/4) UHERO Repeat Sales Index ..................... 484 (1/4) Median monthly owner costs..................$2,390 (3/4) Median owner costs as share of income ........ 27.4% (1/4) 1500 a� 0 1L 500 ro 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Single-family home transactions in past year ..... 438 (4/4) Out-of-state buyer share....................39.0% (1/4) Condominium transactions in past year .......... 365 (4/4) Out-of-state buyer share....................65.8% (1/4) C 0 soo fa � soo 111300 c c 0 a 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock Number of housing units ......................30,147 (4/4) Median age of housing units.................40 years (2/4) Net housing units added over past five ,years .... -241 (4/4) New projects permitted over past five years: Single-family homes ...........................937 (4/4) Multi -family developments ..................... 38 (3/4) Median permit processing time .......... 182 days (2/4) Active short-term vacation rentals (STRs) ..... 4,818 (4/4) STRs as percentage of housing ................ 16.0% (1/4) 15 0 'c a000 � x ¢ 10 c y 2000 5 �i 0 o 0 x 2019 2020 2021 2022 2023 State Big Island Zip Codes Honolulu Zip Codes Kauai Zip Codes Maui Zip Codes 23 Maui County UHERO J , Demographics (rank) Population .................................. 164,568 (3/4) Median household income ....................$88,249 (2/4) College education rate .........................30.0% (4/4) Unemployment rate ............................ 5.7% (2/4) Racial shares: Asian ...................................... 29.3% (3/4) Black ....................................... 0.7% (2/4) Hawaiian or Pacific Islander ................ 11.2% (2/4) White......................................32.9% (1/4) Under 18 population share .................... 21.7% (2/4) Over 65 population share ......................18.6% (3/4) Zoning Residential land (acres) ........................ 8,649 (4/4) Residents per acre of residential land ............ 19.0 (2/4) Share of residential land zoned multifamily .... 18.3% (2/4) Rental Market Renter share..................................36.1% (2/4) Median rent .................................. $1,667 (2/4) Median asking rent (Craigslist) ............... $2,500 (1/4) 3000 tv2000 ----� c 2 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rem Median rent paid as share of income ........... 32.2% (2/4) Rent burdened (>30% of income) ............. 53.7% (2/4) Severely rent burdened (>50% of income) ..... 28.6% (1/4) rn 100 c 75 Cc o so `c 25 d a 0 2014 2016 2018 2020 Rent Burdened — Severely Rent Burdened Property Market Owner -occupier share ......................... 63.9% (3/4) Median single-family price ................ $1,000,000 (2/4) Median condominium price ................. $880,000 (1/4) UHER.O Repeat Sales Index ..................... 439 (2/4) Median monthly owner costs..................$2,542 (2/4) Median owner costs as share of income ........ 27.2% (2/4) 0 1500 C. 1000 U �+ ° 500 ca 0 lssa 1996 zooz zoos 2010 2014 zala Zozz -- Single Family Homes — Condos Single-family home transactions in past year ..... 703 (3/4) Out-of-state buyer share....................27.2% (3/4) Condominium transactions in past year ........ 1,429 (2/4) Out-of-state buyer share....................49.3% (3/4) c 3000 0 H 2O00 1000 Q 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock Number of housing units ...................... 71,318 (3/4) Median age of housing units.................39 years (3/4) Net housing units added over past five ,years .... -175 (3/4) New projects permitted over past five years: Single-family homes .........................2,100 (3/4) Multi -family developments .................... 144 (2/4) Median permit processing time .......... 174 days (3/4) Active short-term vacation rentals (STRs) ..... 9,990 (1/4) STRs as percentage of housing ................ 14.0% (2/4) .4 10000 15. cc 0 cc H 5000 � 5 (n < Q 0 O e7 0 7c 2019 2020 2021 2022 2023 State Counties Honolulu Zip Codes Kauai Zip Codes Maui Zip Codes 24 Captain Cook 96704 UHERO Demographics (rank) Population .................................. 8,391 (37/63) Median household income ................. $67,845 (51/63) College education rate ...................... 28.5% (39/63) Unemployment rate ..........................7.2% (14/63) Racial shares: Asian....................................15.0% (48/63) Black.....................................1.4% (17/63) Hawaiian or Pacific Islander..............12.4% (20/63) White ................................... 40.2% (16/63) Under 18 population share .................. 18.8% (45/63) Over 65 population share ................... 22.9% (15/63) Zoning Residential land (acres) ........... ......................4,083 (13/63) Residents per acre of residential land....................2.1 (53/63)' Share of residential land zone multifamily ........... 0.0% (42/63) single-family . euaness Rental Market Renter share................................36.8% (26/63) Median rent................................$1,605 (33/63) Median asking rent (Craigslist) ............. $2,500 (20/63) 3000 9; 2000 c loon 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 22.891c (60/63)' Rent burdened (>30% of income) ........... 45.7% (47/63) Severely rent burdened (>50% of income) ... 35.3% (11/63) Job Access Jobs within 30 minutes by... Car ............... 1,917 (56/63) Transit................0 (63/63) Property Market Owner -occupier share ....................... 63.2% (38/63) Median single-family price................$590,000 (51/63) Median condominium price...............$640,000 (30/57) UHERO Repeat Sales Index ................... 449 (27/63) Median monthly owner costs................$2,579 (30/63) Median owner costs as share of income ...... 26.3% (31/63) a 15M 0 1000 a� U a so0 a1 0 2 1994 1998 2002 2006 2010 2014 2018 2022 -- Single Family Homes — Condos Single-family home transactions in past year .... 85 (29/63) Out-of-state buyer share ................. 36.5% (14/63) Condominium transactions in past year .......... 5 (49/63) Out-of-state buyer share ................. 60.0% (09/63) o 200 U150 F` 100 t6 50 = C C 0 a 1994 1998 2002 2006 2010 2014 2018 2022 Single Family Homes — Condos Housing Stock Number of housing units.....................3,690 (36/63) Median age of housing units .............. 40 years (36/63) New projects permitted over past five ,years: Single-family homes ......................... 85 (30/63) Multi -family developments .................... 0 (24/63) Median permit processing time ............ - days (-/47) Active short-term vacation rentals (STRs) ..... 214 (21/63) STRs as percentage of housing ............... 5.8% (19/63) 1n 3e- 0o L5 O 'c F zoo 5.0 H � 10o z.s � a � 0 Dow 2019 2020 2021 2022 2023 State Counties rz Haw-1 96719 Honolulu Zip Codes Kauai Zip Codes Maui Zip Codes 25 Demographics (rank) Population .................................. 1,252 (63/63) Median household income ................. $73,125 (46/63) College education rate ...................... 42.4% (11/63) Unemployment rate ......................... 14.8% (03/63) Racial shares: Asian....................................20.8% (38/63) Black ..................................... 0.0% (55/63) Hawaiian or Pacific Islander ............... 9.8% (30/63) White ................................... 40.6% (15/63) Under 18 population share .................. 19.6% (41/63) Over 65 population share ................... 29.2% (02/63) Zoning . At a �J single-family . 9uai m UHERO Property Market Owner -occupier share ....................... 70.0% (22/63) Median single-family price .............. $1,022,500 (26/63) Median condominium price...............$728,750 (22/57) UHER.O Repeat Sales Index...................564 (12/63) Median monthly owner costs................$2,720 (19/63) Median owner costs as share of income ...... 33.6% (02/63) g 1500 0 U d 500 _ A 0 1994 1998 2002 2006 2010 2014 2018 2022 -- Single Family Homes — Condos Residential land (acres) ........... .............. 464 (50/63) Single-family home transactions in past year .... 10 (60/63) Residents land ..... per acre of residential Out-of-state buyer share ................. 30.0% (18/63) ...............2.7 (51/63), Condominium transactions in past year .......... 2 (51/63) Share of multifami residential land zone Out-of-state buyer share ................. 50.0% (14/63) ly........... I (42/63� 0a zoo 0 150 y 0 100 Rental Market P � 50 Renter share................................30.0% (42/63) c Median rent................................$1,218 (52/63) Median asking rent (Craigslist) ............. $2,799 (12/63) 3000 I� zi� 2000 i ¢ 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 29.8% (36/63) Rent burdened (>30% of income) ........... 49.5% (36/63) Severely rent burdened (>50% of income) ... 23.3% (39/63) Job Access kt Jobs within 30 minutes by... Car.................879 (59/63) Transit ............. 255 (40/63) 1994 $998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock Number of housing units ...................... 568 (63/63) Median age of housing units .............. 42 years (29/63) New projects permitted over past five years: Single-family homes ......................... 18 (58/63) Multi -family developments .................... 0 (24/63) Median permit processing time ............. days (-/47) Active short-term vacation rentals (STRs) ...... 34 (49/63) STRs as percentage of housing ............... 5.9% (18/63) 40 e 62 cc 0 4= ty) 20 2� Q A 0 0'� 2019 2020 2021 2022 2023 26 State Counties Honolulu Zip Codes Kauai Zip Codes Maui Zip Codes Hilo 96720 Demographics (rank) Population ................................. 49,886 (12/63) Median household income ................. $69,984 (50/63) College education rate ...................... 33.5% (26/63) Unemployment rate .......................... 6.7% (17/63) Racial shares: Asian....................................30.8% (24/63) Black ..................................... 0.7% (31/63), Hawaiian or Pacific Islander ..............11.3% (23/63) White ................................... 19.5% (43/63) Under 18 population share .................. 21.6% (32/63) Over 65 population share ................... 20.7% (31/63) Zoning Residential land (acres) ........... .14,658 (04/63) Residents per acre of residential land....................3.4 (48/63) Share of residential land zone multifamily ........... 2.2% (32/63) Single-lemity ■ Multifamily ■ Business Rental Market Renter share................................35.0% (29/63) Median rent................................$1,136 (54/63), Median asking rent (Craigslist) ............. $1,500 (57/63) 3000 6., 2000 ¢ 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 31.4% (29/63) Rent burdened (>30% of income) ........... 52.1% (31/63) Severely rent burdened (>50% of income) ... 35.1% (12/63) Job Access Jobs within 30 minutes by... Car..............25,680 (27/63) Transit ............. 132 (47/63) Property Market Owner -occupier share ....................... 65.0% (35/63) Median single-family price................$440,500 (55/63) Median condominium price...............$257,500 (55/57) UHER.O Repeat Sales Index ................... 432 (33/63) Median monthly owner costs................$1,726 (54/63) Median owner costs as share of income ...... 19.9% (60/63) g 1500 0 ,000 U 500 D 0 1994 1998 2002 2006 2010 2014 2018 2022 Single Family Homes — Condos Single-family home transactions in past ,year ... 358 (04/63) Out-of-state buyer share ................. 17.0% (40/63) Condominium transactions in past year ......... 92 (24/63) Out-of-state buyer share ................. 22.8% (34/63) C 600 N 400 / To 200 c c 0 a 1994 1998 2002 2006 2010 2014 2018 2022 ---- Single Family Homes — Condos Housing Stock Number of housing units ................... 19,397 (08/63) Median age of housing units .............. 46 years (19/63) New projects permitted over past five years: Single-family homes ........................ 767 (02/63) Multi -family developments ....................4 (14/63) Median permit processing time ........ 458 days (05/47) Active short-term vacation rentals (STRs) ..... 329 (16/63) STR.s as percentage of housing ............... 1.7% (39/63) 300 t.5 200 0 1.05 to 100 7 05(q 0 cci 00" 2019 2020 2021 2022 2023 . B.Smess UHERO Property Market Owner -occupier share ....................... 60.2% (45/63) Median single-family price..............$1,200,000 (20/63) Median condominium price...............$480,000 (42/57) UHER.O Repeat Sales Index ................... 375 (48/63) Median monthly owner costs................$2,702 (21/63) Median owner costs as share of income ...... 29.1% (13/63) 0 1500 _o `= 1000 U 11. 500 d o 1994 1998 2002 2006 2010 2014 2018 2022 State Counties t.. Honalo 96725 Honolulu Zip Codes Kauai Zip Codes Maui Zip Codes 27 Demographics (rank) Population .................................. 4,054 (50/63) Median household income ................. $76,450 (43/63) College education rate ...................... 37.6% (18/63) Unemployment rate .......................... 5.0% (31/63) Racial shares: Asian....................................23.9% (34/63) Black ..................................... 0.2% (46/63) Hawaiian or Pacific Islander ............... 3.2% (59/63) White ................................... 47.0% (09/63) Under 18 population share .................. 20.9% (33/63) Over 65 population share ................... 24.8% (08/63) Zoning Residential land (acres) ........... ...................... 11347 (35/63)Single-family home transactions in past year .... 21 (52/63) Residents per acre of residential Out-of-state buyer share ................. 61.9% (03/63) land....................3.0 (49/63) Condominium transactions in past year......... 16 (40/63) Share of residential land zone Out-of-state buyer share ................. 43.8% (21/63) multifamily ........... C Single.lamily ■ Mutlaamily C 200 O 150 C V 100 Rental Market ~ 50 c Renter share................................39.8% (19/63) Median rent................................$1,519 (39/63) Median asking rent (Craigslist) ............. $2,245 (30/63) 3000 Zi 2000 c cc 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 29.0% (42/63) Rent burdened (>30% of income) ........... 46.7% (45/63) Severely rent burdened (>50% of income) ... 17.8% (52/63) Job Access Jobs within 30 minutes by... Car ...............6,955 (42/63) � Transit..............38 (57/63) a` 0 1994 1998 2002 2006 2010 2014 2018 2022 -- Single Family Homes — Condos Housing Stock Number of housing units.....................1,641 (50/63) Median age of housing units .............. 41 years (35/63) New projects permitted over past five years: Single-family homes ......................... 58 (38/63) Multi -family developments .................... 0 (24/63) Median permit processing time ............. days (-/47) Active short-term vacation rentals (STRs) ...... 98 (30/63) STRs as percentage of housing ............... 6.0% (17/63) 100 - 6 0 � x ~ a cOC) rn : c > 2� a 0 0X 2019 2020 2021 2022 2023 State Counties Honoka`a 96727 Honolulu Zip Codes Kauai Zip Codes Maui Zip Codes zs Demographics (rank) Population .................................. 4,572 (47/63) Median household income ................. $617335 (58/63) College education rate ...................... 21.0% (54/63) Unemployment rate .........................15.2% (02/63) Racial shares: Asian....................................20.9% (37/63) Black ..................................... 0.2% (46/63) Hawaiian or Pacific Islander..............15.5% (14/63) White ................................... 29.0% (30/63) Under 18 population share .................. 22.0% (25/63) Over 65 population share ................... 21.3% (25/63) Zoning Residential land (acres) ........... ........................655 (45/63) Residents per acre of residential land....................7.0 (40/63) Share of residential land zone multifamily ........... 0.0% (42/63 Single-family ■ Business Rental Market Renter share................................21.2% (55/63)', Median rent................................$1,125 (56/63) Median asking rent (Craigslist) ............. $2,000 (42/63) 3000 zi 2000 C CC 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking, Rent Median rent paid as share of income ........ 41.6% (07/63) Rent burdened (>30% of income) ........... 59.8% (17/63) Severely rent burdened (>50% of income) ... 30.77c (19/63) Job Access Jobs within 30 minutes by... lw� Car...............37442 (52/63) Transit ............. 236 (41/63) WAna7iviic, Property Market Owner -occupier share ....................... 78.8% (09/63) Median single-family price................$563,000 (52/63) Median condominium price ............... $600,500 (33/57) UHER.O Repeat Sales Index ................... 435 (32/63) Median monthly owner costs................$1,645 (56/63) Median owner costs as share of income ...... 26.8% (27/63) 0 1500 0 09 1000 U d 500 0 1994 1990 2002 2006 2010 2014 2018 2022 -- Single Family Homes — Condos Single-family home transactions in past ,year .... 48 (40/63) Out-of-state buyer share ................. 31.2% (17/63) Condominium transactions in past year .......... 2 (51/63) Out-of-state buyer share .................. 50.0% (14/63) 200 O 150 CC 100 P a 0 — - 1994 1998 2002 2006 2010 2014 2018 2022 --- Single Family Homes — Condos Housing Stock 'Number of housing units.....................1,756 (49/63) Median age of housing units .............. 59 years (02/63) New projects permitted over past five years: Single-family homes ......................... 45 (44/63) Multi -family developments .................... 0 (24/63) Median permit processing time ............. days (-/47) Active short-term vacation rentals (STRs) ...... 48 (45/63) STRs as percentage of housing ............... 2.7% (30/63) 3 YA o Z 40 2S F v�i N 20 �. c 0 0'� 2019 2020 2021 2022 2023 State Counties Hawaiian 96737 Honolulu Zip Codes Kauai Zip Codes Maui Zip Codes 29 Ocean View Demographics (rank) Population .................................. 3,851 (51/63) Median household income ................. $25,402 (63/63) College education rate ...................... 13.7% (62/63) Unemployment rate .........................15.9% (01/63) Racial shares: Asian.....................................4.6% (63/63) Black ..................................... 5.9% (03/63) Hawaiian or Pacific Islander..............17.0% (11/63) White ................................... 35.5% (23/63) Under 18 population share .................. 22.291c (23/63) Over 65 population share ................... 16.0% (52/63) Zoning Residential land (acres) ........... .....................167282 (03/63) Residents per acre of residential land....................0.2 (63/63) Share of residential la zone multifamily ........... 0.0% (42/63 Smgte•tamity ■ BUL ess Rental Market Renter share................................21.6% (54/63) Median rent..................................$643 (63/63) Median asking rent (Craigslist) ............. $2,300 (27/63) 3000 •Ana i, ' lytic Property Market Owner -occupier share ....................... 78.4% (10/63) Median single-family price................$307,500 (61/63) Median condominium price ....................... $- (-/57) UHER.O Repeat Sales Index...................430 (34/63) Median monthly owner costs................$1,186 (63/63) Median owner costs as share of income ...... 17.8% (63/63) 0 1500 0 1000 U IL 500 d � o 1994 1998 2002 2006 2010 2014 2018 2022 Single Family Homes Single-family home transactions in past ,year .... 80 (30/63) Out-of-state buyer share ................. 38.8% (12/63) Condominium transactions in past year .......... 0 (58/63) Out-of-state buyer share .................. 0.0% (56/63) c 200 0 150 y W 100 l- 50 a 0 Single Family Homes — Condos Housing Stock l000 - Number of housing units.....................2,314 (45/63) Median age of housing units .............. 21 years (63/63) 0 New projects permitted over past five years: 2011 2013 2015 2017 2019 2021 2023 Single-family homes ......................... 67 (36/63) — Median Rent - - Median Craigslist Asking Rent Multi -family developments .................... 0 (24/63) Median permit processing time ............. days (-/47) Median rent paid as share of income ........ 51.0% (01/63) Active short-term vacation rentals (STRs) ...... 64 (36/63) Rent burdened (>30% of income) ........... 52.5% (30/63) STRs as percentage of housing 2.8% 29 63 Severelyrent burdened >50% of income 52.5%(01/63),p g g ( / ) 'c Job Access ¢ 40 2:E Jobs within 30 minutes by... 20 "p Car.................535 (62/63) a Transit . .............. 12 (58/63) 0 1* 2019 2020 2021 2022 2C23 State Counties Waikoloa 96738 30 Honolulu Zip Codes Kauai Zip Codes Maui Zip Codes Village Demographics (rank) Population .................................. 7,899 (38/63) Median household income ................. $84,063 (31/63) College education rate ...................... 29.8% (33/63) Unemployment rate .......................... 9.3% (09/63) Racial shares: Asian....................................18.9% (43/63) Black ..................................... 1.8% (12/63) Hawaiian or Pacific Islander ............... 7.6% (43/63) , White ................................... 42.2% (13/63) Under 18 population share .................. 27.4% (08/63) Over 65 population share ................... 16.2% (50/63) Zoning Residential land (acres) ........... .4,510 (11/63) Residents per acre of residential land....................1.8 (56/63)1 . Share of residential land zone multifamily ......... 18.9% (13/63) Single•Iemily . MupilemMy . Business Rental Market Renter share................................29.9% (43/63)'. Median rent................................$1,725 (27/63)', Median asking rent (Craigslist) ............. $3,069 (03/63) 4000.000 ifs 2866.667 c ¢ 1333,333 0.000 2011 2013 2015 2017 2019 2021 2023 — Median Rent — — Median Craigslist Asking Rent Median rent paid as share of income ........ 32.7% (24/63) Rent burdened (>30% of income) ........... 61.2% (13/63) Severely rent burdened (>50% of income) ... 14.3% (55/63) Job Access Jobs within 30 minutes by... Cal................6,010 (44/63) Transit ............. 414 (37/63) UHERO Property Market Owner -occupier share ....................... 70.1% (21/63) Median single-family price................$799,500 (45/63) Median condominium price...............$615,000 (32/57) i;HER.O Repeat Sales Index...................406 (42/63) Median monthly owner costs................$2,127 (47/63) Median owner costs as share of income ...... 28.7% (14/63) 01 500 0 us 1°0° U J'� a 500 a 0 1994 lase 2002 zoos 2010 2014 zola zazz — Single Family Homes — Condos Single-family home transactions in past year .... 90 (26/63) Out-of-state buyer share ................. 40.0% (09/63) Condominium transactions in past year ........125 (20/63) Out-of-state buyer share ................. 57.6% (11/63) c 0 300 cc 200 Ts 100 - c Q 0 1994 1998 2002 zoos 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock Number of housing units.....................4,739 (34/63) Median age of housing units .............. 29 years (58/63) New projects permitted over past five years: Single-family homes ........................ 101 (26/63) Multi -family developments .................... 1 (20/63) Median permit processing time ............. days (-/47) Active short-term vacation rentals (STRs) ..... 804 (07/63) STRs as percentage of housing .............. 17.0% (07/63) 1000 20 3° c � 1s= E � °c.' '° ' 5 a 0 0 �c 2019 2020 2021 2022 2023 31 State Counties Honolulu Zip Codes Kauai Zip Codes Maui Zip Codes Kailua-Kona 96740 UHERO Demographics (rank) Population ................................. 40,931 (16/63) Median household income.................$81,689 (37/63) College education rate ...................... 33.0% (29/63) Unemployment rate .......................... 3.9% (47/63) Racial shares: Asian .................................... 19.1% (42/63) Black.....................................0.9% (26/63) Hawaiian or Pacific Islander..............11.9% (21/63) White ................................... 43.6% (10/63) Under 18 population share .................. 20.6% (37/63) Over 65 population share ................... 20.9% (29/63) Zoning r Residential land (acres) ........... ...................... 7,745 (08/63) Residents per acre of residential land....................5.3 (43/63) Share of residential land zone multifamily ......... 15.5% (16/63� Single-lamliy ■ ldumamiiy ■ Bus,mss Rental Market Renter share................................33.8% (32/63) Median rent................................$1,497 (40/63)'' Median asking rent. (Craigslist) ............. $2,600 (14/63) 3000 zi 2000 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 29.3% (39/63) Rent burdened (>30% of income) ........... 48.2% (40/63) Severely rent burdened (>50% of income) ... 20.1% (46/63) Job Access Jobs within 30 minutes by... Car..............19,433 (32/63) Transit ............. 814 (29/63) Property Market Owner -occupier share ....................... 66.2% (32/63) Median single-family price................$975,000 (30/63) Median condominium price...............$550,000 (34/57) UHER.O Repeat Sales Index...................365 (50/63) Median monthly owner costs................$2,389 (39/63) Median owner costs as share of income ...... 27.8% (20/63) 0 1500 0 t2� 1000 CD IL 500 c m a � 0 1994 1998 zooz zoos 2010 2014 zo, a zozz — Single Family Homes — Condos Single-family home transactions in past year ... 369 (03/63) Out-of-state buyer share ................. 45.5% (08/63) Condominium transactions in past year ........ 340 (06/63) Out-of-state buyer share ................. 54.7% (13/63) O_ z 900 r� 600 It A 300 c c 0 a 1994 1998 2002 2006 2010 2014 2018 2022 Single Family Homes — Condos Housing Stock Number of housing units ................... 18,897 (10/63) Median age of housing units .............. 35 years (48/63) New projects permitted over past five years: Single-family homes ........................ 329 (07/63) Multi -family developments ....................0 (24/63) Median permit processing time ............. days (-/47) Active short-term vacation rentals (STRs) ... 3,162 (04/63) STRs as percentage of housing ..............16.7% (08/63) ti 3000 t5 c 'c CC 2000 10 c I— > 1000 m 5 Q 0 A 0 x 2019 2020 2021 2022 2023 32 State Counties Honolulu Zip Codes Kauai Zip Codes Maui Zip Codes Waimea 96743 UHERO Demographics (rank) Population ................................. 13,386 (33/63) Median household income.................$92,007 (18/63) College education rate ...................... 42.0% (13/63) Unemployment rate .......................... 6.0% (23/63) Racial shares: Asian....................................21.1% (36/63) Black ..................................... 0.0% (55/63) Hawaiian or Pacific Islander..............16.1% (13/63) White ................................... 29.9% (29/63) Under 18 population share .................. 21.9% (26/63) Over 65 population share ................... 21.6% (22/63) Zoning Residential land (acres) ........... ......................7,423 (09/63) Residents per acre of residential land....................1.8 (54/63) Share of residential land zone multifamily ......... 11.6% (21/63 singie4amiy ■ MueiW* ■ Business Rental Market Renter share................................30.3% (41/63) Median rent................................$1,960 (17/63) Median asking rent (Craigslist) ............. $2,600 (14/63) 3000 Zi 2000 ` Property Market Owner -occupier share ....................... 69.7% (23/63) Median single-family price................$867,500 (42/63) Median condominium price ............. $1,750,000 (02/57) UHER.O Repeat Sales Index ................... 421 (35/63) Median monthly owner costs................$2,272 (44/63) Median owner costs as share of income ...... 24.0% (51/63) 00 2000 0 u� 1500 d U ,ow a` 6°° ° 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Single-family home transactions in past ,year... 135 (14/63) Out-of-state buyer share ................. 33.3% (16/63) Condominium transactions in past year ......... 62 (29/63) Out-of-state buyer share ................. 79.0% (04/63) 0 0 400 Di 300 C 200 too c Q 0 1994 1998 2002 2006 2010 2014 2018 2022 Single Fanny Homes — Condos Housing Stock � ,000 Number of housing units.....................6,197 (32/63) Median age of housing units .............. 28 years (60/63) o New projects permitted over past five years: 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Single-family homes ........................ Multi -family developments .................... 193 (15/63) 0 (24/63) Median permit processing time ............. days (-/47) Median rent paid as share of income ........ 23.4% (59/63) Active short-term vacation rentals (STRs) ..... 752 (08/63) Rent burdened (>30% of income) ........... 33.8% (60/63) ' STRs as percentage of housing .............. 12.1% (09/63) Severely rent burdened (>50% of income) ...10.5% (58/63) N 15� O Job Access F 5Ce 10 a y Jobs within 30 minutes by... 5 CD Car...............5,566 (45/63) a Transit ............. 588 (33/63) 0 0 2019 2020 2021 2022 2023 State Counties ®®IIII�oo Honolulu Zip Codes Kauai Zip Codes Maui Zip Codes 33 Hawaiian Paradise Park 96749 UHERO Demographics Property Market (rank) Population ................................. 17,738 (30/63) Owner -occupier share ....................... 75.3% (15/63) Median household income ................. $71,667 (48/63) Median single-family price................ $429,500 (57/63) College education rate ...................... 20.0% (56/63) Median condominium price............... $775,000 (17/57) Unemployment rate .......................... 4.1% (43/63) 1 HER.O Repeat Sales Index ................... 732 (03/63) Racial shares: Median monthly owner costs................$1,635 (57/63) Asian .................................... 27.3% (28/63) Median owner costs as share of income ...... 24.1% (50/63) Black .................................... 0.2% (46/63) Hawaiian or Pacific Islander..............16.2% (12/63) $ 1500 White ................................... 27.5% (32/63) t000 Under 18 population share .................. 20.9% (33/63) Over 65 population share ................... 24.1% (09/63) . 500 Zoning° � 1994 1998 2002 2006 2010 2014 2018 2022 -- Single Family Homes — Condos Residential land (acres) . . ..................... 171803 (02/63)! Single-family home transactions in past year...304 (05/63) k Residents per acre of residential Out-of-state buyer share ................. 38.2% (13/63) land....................1.0 (57/63)! Condominium transactions in past year .......... 1 (55/63) Share of residential land zone Out-of-state buyer share ................ 100.0% (01/63) multifamily ........... 0.0% (42/63) y singledemiiy 750 ■ ewinesa ts Soo Rental Market 250 Renter share................................24.7% (49/63) Median rent..................................$923 (61/63)II Median asking rent (Craigslist) ............. $1,300 (60/63) 3000 4 2000 OTC 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 32.5% (25/63) Rent burdened (>30% of income) ........... 53.8% (26/63) Severely rent burdened (>50% of income) ... 12.0% (57/63) Job Access Jobs within 30 minutes by... Car..............25,076 (28/63) Transit ............. 147 (45/63) Q 0 1994 1998 2002 2006 2010 2014 2018 2022 Single Family Homes — Condos Housing Stock Number of housing units.....................7,037 (29/63) Median age of housing units .............. 32 years (54/63) New projects permitted over past five years: Single-family homes ........................ 722 (04/63) Multi -family developments .................... 0 (24/63) Median permit processing time ............ - days (-/47) Active short-term vacation rentals (STRs) ..... 306 (18/63) STRs as percentage of housing ............... 4.3% (24/63) y 300 4 d° O Er 200 3 c U) 2� > 100 C 1a CD 0 0', 2019 2020 2021 2022 2023 34 State Counties Honolulu Zip Codes Kauai Zip Codes Maui Zip Codes Kealakekua 96750 UHERO Demographics (rank) Population .................................. 3,719 (53/63) Median household income ................. $71,667 (48/63) College education rate ...................... 28.0% (41/63) Unemployment rate .......................... 2.8% (56/63) Racial shares: Asian....................................36.7% (20/63) Black ..................................... 0.4% (40/63) Hawaiian or Pacific Islander ............... 9.6% (32/63) White ................................... 25.8% (35/63) Under 18 population share..................22.9% (19/63) Over 65 population share ................... 23.4% (13/63) Zoning Residential land (acres) ........... ......................27077 (31/63) Residents per acre of residential land....................1.8 (55/63) Share of residential land zone multifamily ........... 0.3% Singie•temily ■ Munilnmiy . Business Rental Market Renter share................................37.3% (25/63) Median rent..................................$971 (59/63). Median asking rent. (Craigslist) ............. $1,965 (43/63) 30DO v, 2000 2 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 25.9%D (53/63) Rent burdened (>30% of income) ........... 39.8% (56/63) Severely rent burdened (>50% of income) ... 26.8% (27/63) Job Access Jobs within 30 minutes by... Car..............18,145 (34/63) Transit ............. 774 (31/63) Property Market Owner -occupier share ....................... 62.7% (39/63) Median single-family price................$760,000 (47/63) Median condominium price ....................... $- (-/57) UHER.O Repeat Sales Index ................... 595 (08/63) Median monthly owner costs................$2,104 (48/63) Median owner costs as share of income ...... 25.1% (41/63) g 1500 _o 2 a 500 c 0 ) a1 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Single-family home transactions in past year .... 17 (53/63) Out-of-state buyer share ................. 23.5% (28/63) Condominium transactions in past year .......... 0 (58/63) Out-of-state buyer share .................. 0.0% (56/63) c 2D0 O ro 150 N 12 IDD 50 c c D �w r Q 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock Number of housing units.....................1,397 (54/63) Median age of housing units .............. 48 years (15/63) New projects permitted over past five years: Single-family homes ......................... 32 (50/63) Multi -family developments .................... 0 (24/63) Median permit processing time ............ - days (-/47) Active short-term vacation rentals (STRs) ...... 49 (44/63) STRs as percentage of housing ............... 3.5% (27/63) 060 4 0 'c I= 40 3 c F- (7) 2 > fO 20 1� a 0 o' 2019 2020 2021 2022 2023 State Counties in Kapa` au 96755 35 Honolulu Zip Codes Kauai Zip Codes Maui Zip Codes Demographics (rank) Population .................................. 3,210 (55/63) Median household income ................. $81,495 (39/63) College education rate ...................... 29.8% (33/63) Unemployment rate ..........................6.3% (18/63) Racial shares: Asian .................................... 28.3% (27/63) Black ..................................... 0.8% (29/63) Hawaiian or Pacific Islander ............... 8.5% (38/63) White ................................... 23.1% (36/63) Under 18 population share .................. 17.9% (51/63) Over 65 population share ....... ....... ... 30.4% (01/63) Zoning Residential land (acres) ........... ........................827 (43/63). Residents per acre of residential land....................3.9 (46/63)'. Share of residential land zone multifamily ........... 0.6% (36/63) smgle.lamtly ■ Multifamily ■ Business Rental Market Renter share................................17.5% (59/63), Median rent..................................$960 (60/63) Median asking rent (Craigslist) ............. $2,200 (31/63) 3000 2000 ¢ 100D 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 14.9% (63/63) Rent burdened (>30% of income) ........... 20.4% (62/63) Severely rent burdened (>50% of income) .... 7.0% (62/63) Job Access R Jobs within 30 minutes by... Car.................748 (60/63) Transit..............83 (51/63) W Property Market Owner -occupier share ....................... 82.5% (05/63) Median single-family price................$545,000 (54/63) Median condominium price...............$695,000 (25/57) UHER.O Repeat Sales Index ................... 404 (43/63) Median monthly owner costs................$1,857 (53/63) Median owner costs as share of income ...... 26.4% (30/63) 81500 _o U 0 +ssa lssa zooz zoos zo+o zola 2018 zozz — Single Family Homes — Condos Single-family home transactions in past ,year .... 37 (45/63) Out-of-state buyer share ................. 29.7% (20/63) Condominium transactions in past year .......... 1 (55/63) Out-of-state buyer share ................ 100.0% (01/63) c 200 O 150 1100 100 50 c c 0 Q 1994 1998 2002 20D6 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock Number of housing units.....................1,351 (56/63) Median age of housing units .............. 42 years (29/63) New projects permitted over past five years: Single-family homes ......................... 26 (53/63) Multi -family developments .................... 0 (24/63) Median permit processing time ............. days (-/47) Active short-term vacation rentals (STRs) ...... 32 (52/63) STRs as percentage of housing ............... 2.4% (34/63) 40 3 a' � O 20 F- 20 s CD Q A 0 0 �c 2019 2020 2021 2022 2023 36 State Counties Honolulu Zip Codes Kauai Zip Codes Maui Zip Codes Hawaiian Acres 96760 UHERO Demographics Property Market (rank) Population .................................. 3,788 (52/63) Owner -occupier share ....................... 88.3% (01/63) Median household income ................. $78,750 (42/63) Median single-family price ................ $350,000 (58/63) College education rate ...................... 29.0% (37/63) Median condominium price ....................... $- (-/57) Unemployment rate .......................... 6.2% (20/63) 1 HER.O Repeat Sales Index ................... 880 (01/63) Racial shares: Median monthly owner costs................$1,695 (55/63) Asian .................................... 24.8% (31/63) Median owner costs as share of income ...... 23.0% (55/63) Black .................................... 0.0% (55/63) Hawaiian or Pacific Islander ............... 9.2% (34/63) 91500 White ................................... 37.3% (22/63) a ,000 Under 18 population share .................. 19.4% (42/63) °' U Over 65 population share ................... 22.9% (15/63) 500 Zoning 2 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes Residential land (acres) ........... ......................9,796 (07/63)Single-family home transactions in past year .... 49 (39/63) Residents per acre of residential Out-of-state buyer share ................. 26.5% (25/63) land....................0.4 (62/63) Condominium transactions in past year .......... 0 (58/63) Share of residential land zone Out-of-state buyer share .................. 0.0% (56/63) multifamily ........... 0.0% (42/63) Sngkdamdy C 200 O Business 5 150 N C _ ro ,00 Rental Market 50 Renter share................................11.7% (63/63) a o Median rent ................................ $1,591 (34/63) 1994 1998 2002 2006 2010 2014 2018 2022 Median asking rent (Craigslist) ............. $1,100 (62/63) — single Family Homes — Condos 3000 9;' 2000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 26.4% (51/63) Rent burdened (>30% of income) ........... 32.0% (61/63) Severely rent burdened (>50% of income) ... 14.1% (56/63) Job Access Jobs within 30 minutes by... Car..............17:553 (36/63) Transit................7 (59/63) Housing Stock Number of housing units.....................1,552 (53/63) Median age of housing units .............. 33 years (50/63) New projects permitted over past five years: Single-family homes ......................... 77 (35/63) Multi -family developments .................... 0 (24/63) Median permit processing time ............. days (-/47) Active short-term vacation rentals (STRs) ...... 17 (56/63) STRs as percentage of housing ............... 1.1% (40/63) rn 30 2 0 0 ¢ 20 1.0 =. j 10 0.$ 0 a 0 n 0.0'� 2019 2020 2021 2022 2023 State Counties Honolulu Zip Codes Kauai Zip Codes Maui Zip Codes 37 Mountain View 96771 Wl'VTIC5 Demographics Property Market Population .................................. 6,770 (42/63) Owner -occupier share ....................... 70.9% (17/63) Median household income ................. $46,063 (61/63) Median single-family price................ $310,000 (60/63) College education rate ...................... 17.6% (59/63) Median condominium price ....................... $- (-/57) Unemployment rate ......................... 11.9% (05/63) UHER.O Repeat Sales Index ................... 647 (05/63) Racial shares: Median monthly owner costs................$1,591 (58/63) Asian................................4.8% ( 62/ 63) ! Median owner costs as share of income ...... 21.3% (58/63) Black .................................... 1.0% (24/63)' Hawaiian or Pacific Islander..............11.6% (22/63) CD 15001 White ................................... 37.4% (21/63) Under 18 population share .................. 25.551c (11/63) U Over 65 population share ................... 14.6% (56/63) L soo o Zoning b 1994 1998 2002 2006 2010 2014 2018 2022 Single Family Homes Residential land (acres) ........... .....................121542 (05/63) Single-family home transactions in past year ... 115 (19/63) Residents per acre of residential Out-of-state buyer share ................. 27.0% (22/63) land....................0.5 (59/63) Condominium transactions in past year .......... 0 (58/63) Share of residential land zone Out-of-state buyer share .................. 0.0% (56/63) multifamily ........... 0.0% (42/63) single -,army c 200 ■ eusness t50 100 Rental Market ~ 50 Renter share................................29.1% (47/63) a 0 Median rent ................................ $1,128 (55/63) 1994 1998 2002 zoos 2010 2014 2018 2022 Median asking rent (Craigslist) ............... $950 (63/63) single Family Homes — condos 3000 ro 2000 Housing Stock cc l000 _ _ _ _ _ Number of housing units.....................2,894 (40/63) Median age of housing units..............30 years (57/63) 0 New projects permitted over past five years: 2011 2013 2015 2017 2019 2021 2023 Single-family homes ........................ 168 (19/63) — Median Rent - - Median craigslist Asking Rent Multi -family developments .................... 0 (24/63) Median permit processing time ............. days (-/47) Median rent paid as share of income ...... 25.7% (56/63) Active short-term vacation rentals (STRs) ...... 64 (36/63) Rent burdened (>30% of income) ........... 44.9% (50/63) STRs as percentage of housing 2.2% 35 63 Severely rent burdened (>50% of income) ...17.6% (53/63)' p g g ( / ) m 60 2.0 p Job AccessCC 40 t5p Cl) 1.0 f Jobs within 30 minutes by... T 20 fO Car ............... 3,089 (54/63) a osa Transit................2 (61/63) o 0,011, 2019 2020 421 2022 2023 State Counties Honolulu Zip Codes Kauai Zip Codes Maui Zip Codes 38 Discovery Harbour 96772 UHERO Demographics (rank) Population .................................. 2,576 (60/63) Median household income ................. $54,474 (60/63) College education rate ...................... 22.1% (52/63) Unemployment rate ..........................8.2% (11/63) Racial shares: Asian....................................17.8% (44/63) Black.....................................0.5% (35/63) Hawaiian or Pacific Islander ............... 9.4% (33/63) White ................................... 35.2% (25/63). Under 18 population share .................. 21.9% (26/63) Over 65 population share ................... 26.7% (06/63) Zoning Residential land (acres) ........... ...............3,171 (19/63)' Residents per acre of residential land....................0.8 (58/63) Share of residential land zoned multifamily ........... 0.3% (40/63) Single -lamely ■ Multilamily ■ Business Rental Market Renter share................................19.2% (58/63)' Median rent................................$1,030 (58/63) Median asking rent (Craigslist) ............. $1,375 (59/63) 3000 En 2000 It 1000 _ 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 44.67c (03/63) Rent burdened (>30910 of income) ........... 65.2% (07/63) Severely rent burdened (>50% of income) ... 45.2% (03/63) Job Access Jobs within 30 minutes by... Ca.r.................536 (61/63) Transit................1 (62/63) 0 Property Market Owner -occupier share ....................... 80.8% (06/63) Median single-family price................$272,500 (62/63) Median condominium price ............... $120,000 (57/57) UHER.O Repeat Sales Index...................353 (54/63) Median monthly owner costs................$1,441 (60/63) Median owner costs as share of income ...... 21.6% (57/63) g 1500 0 U M Soo — 0 _ 1994 1998 2002 2006 2010 2014 2018 2022 -- Single Family Homes — Condos Single-family home transactions in past year .... 62 (35/63) Out-of-state buyer share ................. 46.8% (07/63) Condominium transactions in past year .......... 9 (45/63) Out-of-state buyer share ................. 44.4% (20/63) 200 0 ,s0 M ,00 P so c � a o —�- 1994 1998 2002 2006 2010 2014 2018 2022 -- Single Family Homes — Condos Housing Stock Number of housing units.....................1,300 (58/63) Median age of housing units .............. 33 years (50/63) New projects permitted over past five years: Single-family homes ......................... 82 (32/63) Multi -family developments .................... 0 (24/63) Median permit processing time ............. days (-/47) Active short-term vacation rentals (STRs) ...... 64 (36/63) STRs as percentage of housing ............... 4.9% (23/63) a 60 0 4= CC 40 y 203 20 on a 0 0 0 �c 2019 2020 2021 2022 2023 State Counties Hawaiian 96778 39 Honolulu Zip Codes Kauai Zip Codes Maui Zip Codes Beaches Demographics Property Market (rank) Population ................................. 14,777 (32/63) Owner -occupier share ....................... 76.4% (12/63) Median household income ................. $40,240 (62/63) Median single-family price................ $230,000 (63/63) College education rate ...................... 23.8% (51/63) Median condominium price....................... $- (-/57) Unemployment rate ......................... 13.8% (04/63) UHER.O Repeat Sales Index ................... 398 (44/63) Racial shares: Asian .... . ............................... 11.3% (53/63) Median monthly owner costs................$1,248 (62/63) Median owner costs as share of income ...... 25.7% (35/63) Black .................................... 0.3% (44/63) So 1500 Hawaiian or Pacific Islander..............13.8% (16/63) White ................................... 42.3% (12/63) ,000 Under 18 population share .................. 22.3% (22/63) Over 65 population share ................... 20.3% (36/63) 500 Zoning o +Q94 1998 2002 2006 2010 2014 2018 2022 Smgle-family . moviamtly ■ Business Residential land (acres) ......... .....................29,299 (01/63) Residents per acre of residential land....................0.5 (60/63) Share of residential land zoned multifamily ........... 0.0% (42/63) Rental Market Renter share................................23.6% (51/63) Median rent................................$1,216 (53/63) Median asking rent (Craigslist) ............. $1,250 (61/63) 3000 a 2000 Q) ¢ 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 43.4% (06/63) Rent burdened (>30% of income) ........... 60.3% (15/63)' Severely rent burdened (>50% of income) ... 43.0'7c (04/63) Job Access Jobs within 30 minutes by... Car...............2,654 (55/63) Transit .............. 81 (52/63) -- Single Family Homes — Condos Single-family home transactions in past year...630 (01/63) Out-of-state buyer share ................. 26.7% (24/63) Condominium transactions in past year .......... 0 (58/63) Out-of-state buyer share .................. 0.0% (56/63) N C 750 r� aC 500 F A 250 c a 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock Number of housing units.....................6,938 (30/63) Median age of housing units..............31 years (56/63) New projects permitted over past five years: Single-family homes ........................ 734 (03/63) Multi -family developments .................... 0 (24/63) Median permit processing time ............. days (-/47) Active short-term vacation rentals (STRs) ..... 371 (12/63) STRs as percentage of housing ............... 5.3% (21/63) N 400 6 2° o_ D x ¢ 40 F N rn 2CC 7 > 2(0 GO Q 0 0 R. 2019 2020 2021 2022 2023 State Counties Volcano 96785 Honolulu Zip Codes Kauai Zip Codes Maui Zip Codes 40 Demographics (rank) Population .................................. 4,785 (46/63) Median household income.................$65,191 (54/63) College education rate ...................... 39.0% (15/63)' Unemployment rate .......................... 2.2% (61/63) Racial shares: Asian.....................................5.0% (61/63), Black.....................................0.2% (46/63)' Hawaiian or Pacific Islander..............11.2% (25/63) White ................................... 40.8% (14/63) Under 18 population share .................. 18.7% (47/63) , Over 65 population share ................... 27.7% (04/63) Zoning Residential land (acres) ........... .....................11,665 (06/63)' Residents per acre of residential land....................0.4 (61/63) Share of residential land zoned Single-lamily multifamily ........... 0.0% (42/63) . eUY1m Rental Market Renter share................................24.5% (50/63) Median rent................................$1,272 (51/63) Median asking rent (Craigslist) ............. $1,395 (58/63) 3000 Zi 2000 ¢ 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 31.7% (27/63) Rent burdened (>30% of income) ........... 65.6% (05/63) Severely rent burdened (>50% of income) ...19.6% (48/63) Job Access Jobs within 30 minutes by... Car.................392 (63/63) Transit..............68 (53/63) ' • Analytic Property Market Owner -occupier share ....................... 75.5% (14/63) Median single-family price................$312,500 (59/63) Median condominium price...............$490,000 (41/57) UHERO Repeat Sales Index...................480 (21/63) Median monthly owner costs................$1,582 (59/63) Median owner costs as share of income ...... 22.5% (56/63) g 1500 0 4 1000 a 500 e' o 1994 1998 2002 2006 2010 2014 201B 2022 ^- Single Family Homes — Condos Single-family home transactions in past year ...110 (20/63) Out-of-state buyer share ................. 22.7% (30/63) Condominium transactions in past year .......... 2 (51/63) Out-of-state buyer share ................. 50.0% (14/63) c 0 200 U ti t50 C 100 50 c a 0 1994 1998 2002 2006 2010 2014 2018 2022 - Single Family Homes — Condos Housing Stock Number of housing units.....................2,695 (42/63) '_Median age of housing units..............29 years (58/63) New projects permitted over past five years: Single-family homes ........................ 176 (16/63) Multi -family developments .................... 0 (24/63) Median permit processing time ............. days (-/47) Active short-term vacation rentals (STRs) ..... 270 (20/63) STR.s as percentage of housing .............. 10.0% (12/63) 12 300 0 9 2 tr 200 c F_ 6 =. 100 3 a o n 0 2019 2020 2021 2022 2023 41 State Counties Big Island Zip Codes Kauai Zip Codes Maui Zip Codes Waimalu 96701 _................... Demographics (rank) Population ................................. 41,818 (15/63) Median household income................$101,728 (10/63) College education rate ...................... 37.2% (19/63) Unemployment rate .......................... 4.2% (39/63) Racial shares: Asian .................................... 51.2% (11/63) Black ..................................... 1.9% (09/63) Hawaiian or Pacific Islander ............... 8.6% (37/63) White ................................... 12.3% (55/63) Under 18 population share .................. 17.5% (53/63) Over 65 population share ................... 21.6% (22/63) Zoning Residential land (acres) ........... ...................... 2,567 (24/63) J' Residents per acre of residential land .................. 16.3 (24/63) Share of residential land zone multifamily ......... 14.5% (17/63)' Sm9ledamity . Mu114amdy ■ Business Rental Market Renter share................................31.7% (38/63) Median rent................................$1,819 (21/63) Median asking rent (Craigslist) ............. $2,100 (37/63) 3000 Z; 2000 _ - - c ¢ 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 28.0% (47/63) Rent burdened (>30% of income) ........... 42.6% (54/63) Severely rent burdened (>50% of income) ... 19.9% (47/63) Job Access Jobs within 30 minutes by... Car.............378,900 (01/63) Transit.......... 12,400 (11/63) WAt Property Market Owner -occupier share ............... I ....... 68.3% (26/63) Median single-family price .............. $1,100,000 (23/63) Median condominium price ............... $480,000 (42/57) UHER.O Repeat Sales Index ................... 447 (29/63) Median monthly owner costs................$2,796 (15/63) Median owner costs as share of income ...... 25.6% (36/63) 0 1500 0 1000 f 500 10 �----- °' o 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Single-family home transactions in past year .... 95 (25/63) Out-of-state buyer share .................. 9.5% (52/63) Condominium transactions in past year ........ 191 (15/63) Out-of-state buyer share .................. 9.4% (49/63) 1n 0 600 U co 400 c H 6 200 a 0 1994 1998 2002 2006 2010 2014 2018 2022 -- Single Family Homes — Condos Housing Stock Number of housing units ................... 15,091 (17/63) Median age of housing units .............. 49 ,years (12/63) New projects permitted over past five years: Single-family homes ......................... 80 (33/63) Multi -family developments .................... 0 (24/63) Median permit processing time ........ 214 days (32/47) Active short-term vacation rentals (STRs) ...... 20 (54/63) STRs as percentage of housing ............... 0.1% (57/63) 0.3 0 (A 40 ° :C O 0.2 cc oZ m 20 > 0.1 C m Q n 0 0.0'� 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes `Ewa Gentry 96706 Demographics (rank) Population ................................. 81,658 (01/63) Median household income ................ $110,197 (08/63) College education rate......................29.6% (36/63) Unemployment rate .......................... 3.6% (50/63) Racial shares: Asian....................................44.6% (18/63) Black ..................................... 3.1% (05/63) Hawaiian or Pacific Islanderr ............... 6.7% (50/63) White ................................... 14.8% (50/63) Under 18 population share .................. 27.9% (07/63) Over 65 population share ................... 10.5% (62/63) Zoning Residential land (acres) ........... ......................3,766 (14/63)' Residents per acre of residential land .................. 21.7 (17/63) Share of residential land zoned multifamily ......... 36.2% (09/63) Single-lemiy ■ Mu"Amlly . Business Rental Market Renter share ................................ 32.8% (35/63) Median rent................................$2,524 (05/63) Median asking rent (Craigslist) ............. $2,995 (07/63) 3000 a 2000 oC 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 35.3% (16/63) Rent burdened (>30% of income) ........... 60.9% (14/63) Severely rent burdened (>50% of income) ... 29.0% (23/63) Job Access Jobs within 30 minutes by... Car.............145,007 (17/63) Transit.............465 (35/63) Kauai Zip Codes Maui Zip Codes 42 UHERO Property Market Owner -occupier share ....................... 67.2% (29/63) Median single-family price................$999,485 (27/63) Median condominium price...............$695,000 (25/57) UHER.O Repeat Sales Index ................... 376 (47/63) '_Median monthly owner costs................$2,970 (10/63) Median owner costs as share of income ...... 26.9% (26/63) g 1500 0 m1000 10. 500 -i m v m 0 1994 1998 2002 zoos 2010 2014 2016 2022 — Single Family Homes — Condos Single-family home transactions in past year ... 456 (02/63) Out-of-state buyer share .................. 9.4% (53/63) Condominium transactions in past year ........ 644 (04/63) Out-of-state buyer share .................. 8.1% (52/63) C 1000 0 ro 750 rn C Soo 3 250 C a 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock Number of housing units ................... 22,735 (02/63) Median age of housing units .............. 27 years (61/63) New projects permitted over past five years: Single-family homes .......................1,056 (01/63). Multi -family developments ..................101 (01/63) Median permit processing time ......... 81 days (46/47) Active short-term vacation rentals (STRs) ...... 50 (43/63) STRs as percentage of housing ............... 0.2% (53/63) 100 0.4 as o_ n 0.3 = cc 0 cA s0 0-2 j' d � 0.1 O a � 0 0.0'� 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Makakilo 96707 Kauai Zip Codes Maui Zip Codes 43 UHERO Demographics Property Market (rank) Population.................................49,903 (11/63) Owner -occupier share ....................... 72.2%o (16/63) Median household income ................ $114,355 (05/63) Median single-family price................ $950,000 (31/63) College education rate ...................... 33.3% (28/63) , Median condominium price............... $677,500 (28/57) Unemployment rate .......................... 5.1% (30/63) t; HERO Repeat Sales Index ................... 417 (37/63) Racial shares: Asian .................................... 28.9% (26/63) Median monthly owner costs................$2,772 (16/63) Median owner costs as share of income ...... 24.9% (44/63) Black ................................... 4.0% (04/63) Hawaiian or Pacific Islander..............13.7% (17/63) ; o ,soo o White ................................... 21.0% (39/63) ; l,9 ,000 Under 18 population share .................. 27.1% (09/63) °; Over 65 population share ................... 11.0% (60/63) (L soo _ Zoning o 1994 1998 2002 2006 2010 2014 2018 2022 --- Single Family Homes — Condos Residential land (acres) ........... ......................4,260 (12/63) Single-family home transactions in past year... 165 (11/63) Residents per acre of residential Out-of-state buyer share ................. 15.8% (41/63) land .................. 11.7 (36/63) Condominium transactions in past year ........ 334 (07/63) Share of residential land zoned Out-of-state buyer share ................. 17.7% (39/63) multifamilv ......... 44.0% (07/63) Single-family. Multifamily ■ Business Rental Market Renter share................................27.8% (48/63) Median rent................................$2,221 (08/63) Median asking rent (Craigslist) ............. $2,023 (41/63) 3000 � 2000 0 600 400 V a 0 1994 1998 2002 2006 2010 2014 2018 2022 Single Family Homes — Condos Housing Stock cc l000 Number of housing units ................... 16,261 (15/63) Median age of housing units..............25 years (62/63) 0 New projects permitted over past five ,years: 2011 2013 2015 2017 2019 2021 2023 Single-family homes ........................ 218 (12/63) — Median Rent - - Median Craigslist Asking Rent :I Multi -family developments ................... 28 (04/63) Median permit processing time ......... 76 days (47/47) Median rent paid as share of income ........ 32.5% (25/63) Active short-term vacation rentals (STRs) ..... 424 (11/63) Rent burdened (>30% of income) ........... 58.4% (20/63) ' STR.s as percentage of housing 2.6% 31 63 Severely rent burdened (>50% of income) ... 23.6% (38/63) " p g g ( / ) ,n aoo a' Job Access Jobs within 30 minutes by... Car.............254,603 (16/63) Transit ............ 1,652 (23/63) o_ 2cc a H N fn 200 itp d >_ cn n 0 0x 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes P-up ukea 96712 Kauai Zip Codes Maui Zip Codes 44 WAna7lytic Demographics Property Market (rank) Population .................................. 7,294 (39/63) Owner -occupier share ....................... 51.4% (55/63) Median household income ................. $85,600 (27/63) Median single-family price .............. $1,801,300 (05/63) College education rate ...................... 33.9% (25/63) Median condominium price ............. $1,436,000 (03/57) Unemployment rate .......................... 5.8% (25/63) UHERO Repeat Sales Index ................... 622 (06/63) Racial shares: Median monthly owner costs................$3,166 (06/63) Asian .................................... 12.3% (52/63) Median owner costs as share of income ...... 25.1% (41/63) Black .................................... 1.1% (21/63) _ Hawaiian or Pacific Islander ............... 6.9% (48/63) White ................................... 57.4% (04/63) 1500 Under 18 population share .................. 18.2% (49/63) p; ,00D Over 65 population share ................... 22.0% (21/63) a` 500 Zoning ° lssa 1996 2002 zoos zolo zola zola zozz --- Single Family Homes — Condos Residential land (acres) ........... , ........................456 (51/63)I Single-family home transactions in past year....48 (40/63) Residents per acre of residential Out-of-state buyer share ................. 27.1% (21/63) land .................. 16.0 (29/63) Condominium transactions in past year ......... 22 (38/63) -n) Shar farrf residential Olan/d 42 e Out-of-state buyer share ................. 50.0% (14/63) y........... (N Single-family 200 0 ■ Business 150 N C M 100 Rental Market a 50 Renter share................................48.6% (09/63)', a o Median rent ................................ $1,867 (19/63) 1994 1998 2002 2006 2010 2014 2018 2022 Median asking rent (Craigslist) ............. $2,800 (10/63) — Single Family Homes — Condos 3000 �-- - - Housing Stock Z, 2000 CD ¢ l000 Number of housing units.....................3,160 (39/63) Median age of housing units..............48 years (15/63) 0 New projects permitted over past five years: 2011 2013 2015 2017 2019 2021 2023 Single-family homes ......................... 48 (43/63) — Median Rent - - Median craigslist Asking Rene; Multi -family developments .................... 0 (24/63) Median permit processing time ........ 288 days (13/47) Median rent paid as share of income ........ 32.8% (23/63) Active short-term vacation rentals (STRs) ..... 368 (13/63) Rent burdened (>30% of income) ........... 58.5% (19/63) STRs as percentage of housing .............. 11.6% (10/63) Severely rent burdened (>50% of income) ... 22.9% (40/63) N 600 20 a O_ Job Access CC aoo N 10 j. Jobs within 30 minutes by... 200 fO Car ...............5,147 (47/63) a s � Transit ............. 202 (43/63) 0 0 2019 2020 2021 2022 2023 45 State Counties Big Island Zip Codes Kauai Zip Codes Maui Zip Codes Hau`ula 96717 Demographics Property Market (rank) Population .................................. 5,390 (45/63) Owner -occupier share ....................... 51.5% (54/63) Median household income ................. $90,592 (20/63) Median single-family price ................ $995,000 (28/63) College education rate......................26.5% (46/63)Median condominium price ............... $507,111 (38/57) Unemployment rate .......................... 4.5% (37/63) UHERO Repeat Sales Index ................... 650 (04/63) Racial shares: Median monthly owner costs................$2,604 (28/63) Asian ..................................... 5.3% (60/63) Median owner costs as share of income ...... 28.3% (17/63) Black ..................................... 1.1% (21/63) Hawaiian or Pacific Islander .............. 24.7% (08/63) 0 1500 0 White ................................... 26.8% (34/63) Iwo 18 population share .................. 31.6% (02/63) Over 65 population share ................... 11.7% (58/63) L 500 IF 0 Zoning 2 1994 1996 2002 2006 2010 2014 2016 2022 — Single Family Homes — Condos Residential land (acres) ........... ........................ 335 (57/63) Single-family home transactions in past year .... 27 (49/63) Residents per acre of residential Out-of-state buyer share ................. 14.8% (47/63) land .................. 16.1 (26/63) Condominium transactions in past ,year ......... 31 (35/63) Share of residential land zoned Out-of-state buyer share ................. 54.8% (12/63) multifamily ........... 1.6% (35/63) Single -lamely ■ Mulnlamily C 200 O Bus,ne 150 M loo Rental Market so Renter share................................48.5% (10/63) c 0 Median rent ................................ $2,008 (14/63) 1994 1998 2002 2006 2010 2014 2019 2022 Median asking rent (Craigslist) ............. $2,500 (20/63) — Single Family Homes — condos 3000 Housing Stock ire 2000 cc l000 ` Number of housing units.....................1,823 (48/63) Median age of housing units .............. 47 years (18/63) 0 New projects permitted over past five ,years: 2011 2013 2015 2017 2019 2021 2023 Single-family homes ......................... 11 (59/63) ' — Median Rent - - Median Craigslist Asking Rent Multi -family developments .................... 0 (24/63) Median permit processing time ........ 461 days (04/47) Median rent paid as share of income ........ 35.4% (14/63) Active short-term vacation rentals (STRs) ..... 206 (22/63) Rent burdened (>30% of income) ( / ) STRs as percentage of housing 11.3% 11 63 Severely rent burdened (>50% of income) ... 30.7% (019/63) p g g ( / ) 1so � o c Job Access 20 0 b p Jobs within 30 minutes by... 100 5 to Car...............3,848 (49/63) Transit ............ 2,038 (20/63) 0 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Kahuku 96731 Demographics (rank) Population .................................. 2,893 (57/63) Median household income ................. $84,154 (30/63) College education rate ...................... 32.7% (31/63) Unemployment rate .......................... 4.8% (34/63) Racial shares: Asian....................................13.9% (51/63), Black ..................................... 1.9% (09/63)' Hawaiian or Pacific Islander .............. 30.5% (05/63) White ................................... 22.5% (37/63) Under 18 population share .................. 30.8% (03/63) Over 65 population share ................... 15.3% (54/63) Zoning e*ll Residential land (acres) ........... 341 (55/63) Residents per acre of residential land....................8.5 (39/63) Share of residential land zoned Single-family. Mukilamiry multifamily ......... 10.4% (23/63) ■ Bus-ness Rental Market Renter share ................................ 34.3% (30/63) Median rent................................$1,442 (43/63) Median asking rent (Craigslist) ............. $2,100 (37/63) 3000 iss 2000 cr 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 25.8% (55/63) Rent burdened (>30% of income) ........... 43.2% (53/63) Severely rent burdened (>50% of income) ... 10.5% (58/63) Job Access Jobs within 30 minutes by... Car...............3,851 (48/63) Transit ............. 292 (39/63) 46 Kauai Zip Codes Maui Zip Codes Wlytic5 Property Market Owner -occupier share ....................... 65.7% (34/63) Median single-family price................$830,000 (44/63) Median condominium price ............. $1,038,375 (09/57) UHERO Repeat Sales Index...................569 (10/63) Median monthly owner costs................$2,698 (22/63) Median owner costs as share of income ...... 30.9% (06/63) g 1500 0 loon d Soo m 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Single-family home transactions in past year .... 11 (59/63) Out-of-state buyer share .................. 9.1% (55/63) Condominium transactions in past year ......... 36 (33/63) Out-of-state buyer share ................. 33.3% (25/63) c 200 0 m 150 M 100 F 50 a0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock Number of housing units.....................1,313 (57/63) Median age of housing units .............. 46 ,years (19/63) New projects permitted over past five years: Single-family homes ......................... 11 (59/63) Multi -family developments .................... 0 (24/63) Median permit processing time ........ 629 days (02/47) Active short-term vacation rentals (STRs) ..... 362 (14/63) STRs as percentage of housing .............. 27.5% (04/63) ! 400 30 p E D 2 Cr 200 no low Q c0i 0 0W 2019 2020 2021 2022 2023 47 State Counties Big Island Zip Codes Kauai Zip Codes Maui Zip Codes Kailua � 96734 UHERO Demographics Property Market (rank) Population ................................. 52,619 (08/63) Owner -occupier share ....................... 62.6% (40/63) Median household income ................ $117,546 (04/63) Median single-family price .............. $1,522,000 (08/63) College education rate ...................... 48.1% (05/63) Median condominium price............... $769,500 (18/57) Unemployment rate .......................... 3.5% (52/63) UHERO Repeat Sales Index ................... 475 (22/63) Racial shares: Asian .................................... 17.4% (46/63) Median monthly owner costs................$3,727 (02/63) Median owner costs as share of income ...... 25.1% (41/63) Black ..................................... 1.8% (12/63) 0 1500 Hawaiian or Pacific Islander ............... 4.0% (55/63) 0 White ................................... 48.1% (08/63) 69 Under 18 population share..................23.1% (18/63) Over 65 population share ................... 16.2% (50/63) a soo Zoning° � 1994 1998 2002 zoos 2010 zola 2016 z°zz Residential land (acres) ........... ...................... 3,290 (17/63) Residents per acre of residential land .................. 16.0 (28/63)' Share of residential land zone multifamily ........... 1.8% (34/63) Smgle-famiy ■ MulefemAy ■ Busmess Rental Market Renter share................................37.4% (24/63) Median rent................................$3,008 (02/63) Median asking rent (Craigslist) ............. $2,850 (08/63) 4000.000 y9 2666.667 _ CC 1333.333 0.000 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 39.9% (09/63)'. Rent burdened (>30% of income) ........... 65.4% (06/63) Severely rent burdened (>50% of income) ... 36.3% (08/63) Job Access Jobs within 30 minutes by... Car.............114,349 (18/63) Transit ............ 1,266 (26/63) — Single Family Homes — Condos Single-family home transactions in past year ... 273 (06/63) Out-of-state buyer share ................. 17.9% (37/63) Condominium transactions in past yearr ......... 96 (23/63) Out-of-state buyer share ................. 26.0% (31/63) ca 20 400 c td l'- 200 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock Number of housing units ................... 17,934 (13/63) Median age of housing units .............. 54 years (04/63) New projects permitted over past five years: Single-family homes ........................ 148 (22/63) Multi -family developments .................... 0 (24/63) Median permit processing time ........ 232 days (28/47) Active short-term vacation rentals (STRs) ..... 356 (15/63) STR.s as percentage of housing ............... 2.0% (38/63) rn 4 c 3= F T. sr.0 Cn 2 Q a 0 0 �c 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Kane`Ohe 96744 Demographics (rank) Population ................................. 54,537 (05/63) Median household income ................ $121,756 (03/63) . College education rate ...................... 39.2% (14/63) Unemployment rate .......................... 3.6% (50/63) Racial shares: Asian .................................... 36.1% (22/63) Black ..................................... 0.5% (35/63)' Hawaiian or Pacific Islander...............9.7% (31/63) White ................................... 20.3% (40/63) Under 18 population share ..................18.8% (45/63) Over 65 population share ................... 22.6% (18/63) Zoning Residential land (acres) ......................31457 (16/63)' Residents per acre of residential land .................. 15.8 (30/63)' Share of residential land zone multifamily ........... 4.8% (28/63 sm9le-lamAy ■ Mulbta-ly . Business Rental Market Renter share................................23.6% (51/63) Median rent................................$2,003 (15/63) Median asking rent (Craigslist) ............. $2,850 (08/63) 3000 i �, 2000 Ir 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 31.5% (28/63) Rent burdened (>30% of income) ........... 53.7% (27/63) Severely rent burdened (>50% of income) ... 25.9% (31/63) Job Access Jobs within 30 minutes by... Car.............300,167 (14/63) Transit ............ 6,304 (14/63) Kauai Zip Codes Maui Zip Codes 48 UHERO Property Market Owner -occupier share .......................76.4% (12/63) Median single-family price .............. $1,151,000 (21/63) Median condominium price ............... $727,444 (23/57) UHERO Repeat Sales Index ................... 414 (39/63) Median monthly owner costs................$2,905 (11/63) Median owner costs as share of income ...... 24.9% (44/63) 81500 0 l000 L Soo 'ozz o' o g 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Single-family home transactions in past year...176 (10/63) Out-of-state buyer share ................. 15.3% (43/63) Condominium transactions in past year ........ 186 (16/63) Out-of-state buyer share ................. 14.5% (41/63) 0 U (Z 400 C ro ~ 200 a 0 1994 1998 2002 2006 2010 2014 2018 2022 --• Single Family Homes — Condos Housing Stock Number of housing units ................... 17,978 (12/63) Median age of housing units..............50 years (10/63) New projects permitted over past five years: Single-family homes ........................ 171 (18/63) Multi -family developments .................... 0 (24/63) Median permit processing time ........ 272 days (19/47) Active short-term vacation rentals (STRs) ...... 90 (34/63) STRs as percentage of housing ............... 0.5% (51/63) 2ca 1-25 u o 1.00 $ D ¢ s 0-75 0 Q-50�a� 025 0 Q 0 n 0.00 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes La` ie 96762 Demographics (rank) Population .................................. 6,867 (41/63) Median household income................$1007585 (12/63) College education rate ...................... 34.7% (23/63) Unemployment rate ..........................8.1% (12/63) Racial shares: Asian....................................14.2% (49/63) Black.....................................0.4% (40/63) Hawaiian or Pacific Islander .............. 28.0% (06/63) White ................................... 28.8% (31/63), Under 18 population share .................. 22.7% (20/63) Over 65 population share .................... 4.8% (63/63) Single-family ss ■ Busine Zoning Kauai Zip Codes Maui Zip Codes 49 • .An_�i'vtic Property Market Owner -occupier share ....................... 38.6% (60/63) Median single-family price..............$1,890,000 (03/63) Median condominium price ............... $319,347 (51/57) UHER.O Repeat Sales Index ................... 362 (51/63) Median monthly owner costs................$3,555 (03/63) Median owner costs as share of income ...... 30.9% (06/63) o 0 0 500 U 1000 a ` � 500 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Residential land (acres) ........... 374 (54/6 3) Single-family home transactions in past year ..... 5 (62/63) Residents per acre of residential Out-of-state buyer share ................. 40.0% (09/63) land .................. 18.4 (21/6 3) Condominium transactions in past year .......... 9 (45/63) Share of residential land zon led Milt (42/63) Out-of-state buyer share .................. 0.0% (56/63) 200 O 150 N Rental Market m 100 9 so Renter share................................61.4% (04/63) c 0 Median rent................................$2,134 (09/63)' Median asking rent (Craigslist) ............. $2,200 (31/63)', 3000 a 2000 c c 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rem Median rent paid as share of income ........ 28.8% (44/63) Rent burdened (>30% of income) ........... 44.2% (51/63) Severely rent burdened (>50% of income) ... 34.0% (13/63) Job Access Jobs within 30 minutes by... Car...............3,831 (50/63) Transit ............ 1,116 (27/63) 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock Number of housing units.....................1,300 (58/63) Median age of housing units .............. 49 years (12/63) New projects permitted over past five years: Single-family homes ......................... 35 (49/63) Multi -family developments ...................10 (08/63) Median permit processing time ........ 320 days (10/47) Active short-term vacation rentals (STRs) ...... 96 (32/63) STRs as percentage of housing ............... 7.4% (15/63) e 150 0 to= Ir 100 0 5 tp 50 ts a 0 0 0 x 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Pearl City 96782 Demographics (rank) Population.................................37,992 (17/63)' Median household income ................. $97,925 (14/63) College education rate ...................... 30.791c (32/63) Unemployment rate .......................... 2.8% (56/63) Racial shares: Asian....................................51.5% (10/63) Black ..................................... 1.9% (09/63) Hawaiian or Pacific Islander ............... 7.9% (41/63) White ................................... 11.1% (56/63) Under 18 population share .................. 18.7% (47/63) Over 65 population share ................... 23.9% (10/63) Zoning Residential land (acres) ......................2,623 (23/63)'' r Residents per acre of residential land .................. 14.5 (32/63)' Share of residential land zoned multifamily 16.1% 14 63 Smgle.family. Multifamily ■ Business Rental Market Renter share................................33.2% (33/63) Median rent................................$2,064 (12/63) Median asking rent (Craigslist) ............. $2,100 (37/63) 3000 Z; 2000 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 33.7% (21/63) Rent burdened (>30% of income) ........... 56.7% (24/63) Severely rent burdened (>50% of income) ... 25.8% (32/63) Job Access Jobs within 30 minutes by... Car.............373,380 (02/63) Transit ............ 1,825 (22/63) ; 50 Kauai Zip Codes Maui Zip Codes UHERO 16 Property Market Owner -occupier share ....................... 66.8% (30/63) Median single-family price ................ $915,000 (35/63) Median condominium price ............... $462,500 (44/57) UHERO Repeat Sales Index...................548 (13/63) Median monthly owner costs................$2,425 (37/63) Median owner costs as share of income ...... 23.1% (53/63) 1500 1000 c 500 ,� --., .► ro -' a 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Single-family home transactions in past year ... 105 (21/63) Out-of-state buyer share .................. 3.8% (62/63) Condominium transactions in past year........112 (21/63) Out-of-state buyer share ................. 10.7% (48/63) 500 O 400 cd c 300 so C= 200 100 c c 0 Q 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock Number of housing units ................... 12,371 (22/63) Median age of housing units .............. 51 years (08/63) New projects permitted over past five years: Single-family homes ......................... 53 (39/63) Multi -family developments .................... 0 (24/63) Median permit processing time ........ 191 days (37/47) Active short-term vacation rentals (STRs) ...... 12 (58/63) STRs as percentage of housing ............... 0.1% (57/63) rn 20 0.150 'c � S F 0.10 m Cn 10 0.05 to Q n 0 0 0o'� 2019 2020 2021 2022 2023 51 State Counties Big Island Zip Codes Kauai Zip Codes Maui Zip Codes Wahiawa 96786 Demographics (rank) Population ................................. 43,042 (14/63) Median household income ................. $73,057 (47/63) College education rate ...................... 24.8% (50/63) Unemployment rate .......................... 4.4% (38/63) Racial shares: Asian....................................26.0% (29/63) Black....................................10.2% (01/63), Hawaiian or Pacific Islander ............... 8.4% (39/63) White ................................... 31.7% (27/63) Under 18 population share .................. 30.1% (04/63) Over 65 population share ................... 10.7% (61/63) Wi�na7iy,,c Property Market Owner -occupier share ....................... 28.7% (63/63) Median single-family price................$875,000 (41/63) Median condominium price...............$260,000 (53/57) IJHERO Repeat Sales Index ................... 439 (30/63) Median monthly owner costs ................ $2,430 (36/63) Median owner costs as share of income ...... 24.8% (47/63) g 1500 0 `� 1000 U IL 500 c d � 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Single-family home transactions in past year .... 89 (27/63) Out-of-state buyer share .................. 5.6% (59/63) Condominium transactions in past year ......... 51 (31/63) Out-of-state buyer share .................. 2.0% (55/63) c 200 O 150 N N 10 F- 5 so Renter share................................71.3% (01/63) a o Median rent ................................ $2 425 (06/63) 1994 1998 2002 2006 2010 2014 2018 2022 Median asking rent (Craigslist) ............. $1,600 (56/63) Single Family Homes — Condos 3000 Housing Stock Zoning Residential land (acres) ........... ......................1,173 (38/63) Residents per acre of residential 'p land .................. 36.7 (07/63), Share of residential land zone multifamily ........... 6.1% (25/63 Single-family ■ MulUtamily . 8usmass Rental Market Zi 2000 cc 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 44.5% (04/63) Rent burdened (>30% of income) ........... 74.6% (02/63) Severely rent burdened (>50% of income) ... 40.8% (05/63) Job Access Jobs within 30 minutes by... Car.............104,361 (20/63) Transit ............ 1,835 (21/63) Number of housing units ................... 14,879 (18/63) Median age of housing units .............. 44 years (26/63) New projects permitted over past five ,years: Single-family homes ......................... 85 (30/63) Multi -family developments .................... 1 (20/63) Median permit processing time ........ 239 days (27/47) Active short-term vacation rentals (STRs) ...... 18 (55/63) STRs as percentage of housing ............... 0.1% (57/63) rn 20 0.15 °o D 0.10 M 0 cc W 10 0.05(0 �¢ 0 o 0.00'� 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Mililani 96789 Demographics (rank) Population ................................. 55,249 (04/63)' Median household income ................ $110,840 (07/63) College education rate ...................... 42.4% (11/63) Unemployment rate .......................... 2.6% (59/63) Racial shares: Asian....................................49.7% (13/63) Black ..................................... 2.6% (06/63) Hawaiian or Pacific Islander ............... 4.6% (54/63) White ................................... 14.1% (51/63) Under 18 population share .................. 21.87c (28/63) Over 65 population share ................... 18.0% (44/63) Zoning w Residential land (acres) ........... ......................3,011 (21/63) Residents per acre of residential land .................. 18.3 (22/63)' Share of residential land zoned' multifamily ......... 22.8% (11/63) Single-family ■ Muflrfamily ■ auaineas Rental Market Renter share................................20.9% (56/63) Median rent................................$2,109 (10/63) Median asking rent (Craigslist) ............. $2,300 (27/63) 3000 a 2000 � c CD 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 33.991c (20/63) Rent burdened (>30% of income) ........... 59.0% (18/63) Severel rent burdened (>50% of income) 28 57, (24/63) 52 Kauai Zip Codes Maui Zip Codes UHERO Property Market Owner -occupier share ....................... 79.1% (08/63) Median single-family price .............. $1,089,500 (24/63) Median condominium price...............$532,500 (35/57) U HER.O Repeat Sales Index ................... 419 (36/63) Median monthly owner costs................$2,715 (20/63) Median owner costs as share of income ...... 26.1% (33/63) 0 1500 0 ,000 soo 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Single-family home transactions in past year... 148 (12/63) Out-of-state buyer share .................. 4.1% (61/63) Condominium transactions in past year ........ 316 (09/63) Out-of-state buyer share ................. 12.0% (44/63) y C 1000 750 soo 250 a` 0 1994 1998 2002 2006 2010 2014 2018 2022 — single Family Homes — Condos Housing Stock Number of housing units ................... 19,384 (09/63) Median age of housing units .............. 38 years (43/63) New projects permitted over past five years: Single-family homes ......................... 21 (55/63) Multi -family developments ...................11 (07/63) Median permit processing time ........ 321 days (09/47) Active short-term vacation rentals (STRs) ...... 10 (59/63) STR.s as percentage of housing ............... 0.0% (61/63) - 20 Job Access CO Jobs within 30 minutes by... to Car.............313,248 (12/63) a Transit .......... 12,952 (10/63) 0 2019 2p¢0 2021 2022 2023 0.1000 0.075 a 0.0505 0.025 a A 0.000'r State Counties Big Island Zip Codes Waialua 96791 Demographics (rank) Population .................................. 7,010 (40/63) Median household income ................. $83,298 (35/63) College education rate ...................... 28.4% (40/63) Unemployment rate .......................... 4.2% (39/63) Racial shares: Asian....................................29.6% (25/63) Black ..................................... 0.5% (35/63) Hawaiian or Pacific Islander ............... 5.5% (53/63) White ................................... 34.3% (26/63) Under 18 population share .................. 16.8% (56/63) Over 65 population share ................... 21.3% (25/63) Zoning Kauai Zip Codes Maui Zip Codes 53 UHERO Property Market Owner -occupier share ....................... 64.7% (36/63) Median single-family price .............. $1,025,000 (25/63) Median condominium price ............... $815,000 (14/57) UHER.O Repeat Sales Index ................... 596 (07/63) Median monthly owner costs................$2,765 (17/63) Median owner costs as share of income ...... 31.3% (04/63) 0 1500 0 a) ' °°° i— U 1L 500 c �o 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos • : Residential land (acres) ........... ........................ 433 (53/63) Single-family home transactions in past ,year .... 35 (47/63) Residents per acre of residential Out-of-state buyer share ................. 14.3% (48/63) land .................. 16.2 (25/63), Condominium transactions in past year ......... 33 (34/63) ■ Singltrtamlly ■ Multifamily Share of residential land zone Out-of-state buyer share ................. 30.3% (26/63) ■ � multifamily ........... 5.7% (26/63) N 200 c 0 150 c .. _.... - 100 Rental Market M 50 Renter share................................35.3% (28/63) c Median rent................................$1,973 (16/63), Median asking rent (Craigslist) ............. $2,600 (14/63) 3000 Zi� 2000 'c 2 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 35.9% (12/63) Rent burdened (>30% of income) ........... 61.4% (12/63) Severely rent burdened (>50% of income) ... 32.9% (15/63) Job Access Jobs within 30 minutes by... `s Car..............15,191 (38/63) —Yi�vs T`tiansit .............. 91 (50/63) a 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock Number of housing units.....................2,770 (41/63) Median age of housing units .............. 49 ,years (12/63) New projects permitted over past five years: Single-family homes ......................... 28 (51/63) Multi -family developments .................... 0 (24/63) Median permit processing time ........ 304 days (11/47) Active short-term vacation rentals (STRs) ..... 113 (27/63) STRs as percentage of housing ............... 4.1% (26/63) 20C, 7.5 0 D x F- 5.0 m t 00 250 a � 0 0.0'� 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes 96792 Kauai Zip Codes Maui Zip Codes 54 UHERO Demographics Property Market (rank) Population ................................. 52,829 (07/63) Owner -occupier share ....................... 59.5% (47/63) Median household income ................. $74,914 (44/63) Median single-family price................ $650,000 (50/63) College education rate ...................... 16.8% (60/63) Median condominium price............... $266,000 (52/57) Unemployment rate .........................11.3% (06/63) UHERO Repeat Sales Index ................... 473 (24/63) Racial shares: Median monthly owner costs................$2,152 (46/63) Asian ..................................... 9.4% 55 63 Median owner costs as share of income ...... 25.8% (34/63) ( Black ..................................... 2.1% 08/ 63) Hawaiian or Pacific Islander .............. 45.3% (01/63) 1500 White.....................................9.8% (58/63) r',000 Under 18 population share .................. 32.3% (01/63) Over 65 population share ................... 12.6% (57/63) ii 500 cc - d ° Zoning 2 lssa 1996 zooz zoos zo+o iota tots 2022 — Single Family Homes — Condos Residential land (acres) ........... ......................2,350 (25/63) Single-family home transactions in past year ... 250 (07/63) Residents per acre of residential Out-of-state buyer share .................. 9.2% (54/63) land .................. 22.5 (15/63) Condominium transactions in past year........217 (13/63) Share of residential land zoned Out-of-state buyer share ................. 21.7% (37/63) multifamily ........... 3.3% (31/63) N Singro•lamiy ■ Multdamiy S ■ &amass 400 Rental Market ~ 200 2ij Renter share................................40.5% (17/63) a 0 Median rent ................................ $1,615 (31/63) 1994 1998 2002 2006 2010 2014 2018 2022 Median asking rent (Craigslist) ............. $1,875 (48/63) — Single Family Homes — condos 3000 4 2000 Housing Stock Number of housing units ................... 15,276 (16/63) cc 1000 'Median age of housing units .............. 45 years (22/63), 0 New projects permitted over past five ,years: 2011 2013 2015 2017 2019 2021 2023, Single-family homes ........................ 317 (08/63) — Median Rent - - Median Craigslist Asking Rent Multi -family developments .................... 6 (12/63) Median permit processing time ........ 497 days (03/47) Median rent paid as share of income ........ 38.9% (11/63) Active short-term vacation rentals (STRs) ..... 314 (17/63) Rent burdened (>30% of income) ........... 63.5% (10/63) STRs as percentage of housing ............... 2.1% (36/63) Severely rent burdened (>50% of income) ... 39.0% (06/63) 3 aoo ° Job Access F 2y CO 200 Jobs within 30 minutes by... a,1'O Car..............247442 (29/63) o Transit ............ 2,049 (19/63) a 0 05° 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Waimanalo ., 96795 Kauai Zip Codes Maui Zip Codes 55 UHERO Demographics Property Market (rank) Population .................................. 9,815 (35/63) Owner -occupier share ....................... 76.5% (11/63) Median household income ................ $107,222 (09/63) Median single-family price ................ $910,000 (36/63) College education rate ...................... 20.5% (55/63) Median condominium price ............... $495,000 (40/57) Unemployment rate ..........................4.1% (43/63) UHER.O Repeat Sales Index ................... 502 (18/63) Racial shares: Median monthly owner costs ................ $1,987 (51/63) Asian .................................... 10.0% (54/63) Median owner costs as share of income ...... 23.1% (53/63) Black ................................... 0.1% (53/63) Hawaiian or Pacific Islander .............. 36.0% (03/63) 0 1500 0 White.....................................9.5% (59/63) ,000 Under 18 population share .................. 27.0% (10/63) U Over 65 population share ................... 17.6% (45/63) .- 500 c 0 _ Zoning 2 1994 1996 2002 2006 2010 2014 20t8 2022 Single Family Homes Residential land (acres) ........... `ol% ........................ 440 (52/63) Single-family home transactions in past ,year .... 27 (49/63) aResidents per acre of residential Out-of-state buyer share ................. 18.5% (35/63) land .................. 22.3 (16/63) Condominium transactions in past year.......... 1 (55/63) Share of residential land zoned Out-of-state buyer share .................. 0.0% (56/63) multifamily ........... 0.0% (42/63) ■ �� 'Co 200 0 ■ BOOM � 150 H C R too Rental Market it so Renter share................................23.5% (53/63) c 0 Median rent ................................ $1,296 (49/63) 1994 1998 2002 2006 2010 2014 2018 2022 Median asking rent. (Craigslist) ............. $2,150 (35/63) single Family Homes — Condos 4000.000 ........... a 2666,667 �' • _ _ _ Housing Stock t333.333 Number of housing units.....................2,479 (44/63) CC Median age of housing units .............. 48 years (15/63) 0.000 New projects permitted over past five years: 2011 2013 2015 2017 2019 2021 2023 Single-family homes ......................... 36 (48/63) — Median Rent - - Median Craigslist Asking Rent Multi -family developments .................... 0 (24/63) Median permit processing time ........ 231 days (29/47) Median rent paid as share of income ........ 22.4% (61/63) Active short-term vacation rentals (STRs) ...... 52 (42/63) Rent burdened (>30% of income) ........... 34.7% (59/63) STRs as percentage of housing 2.1% 36 63 Severely rent burdened (>50% of income) ...18.8% (50/63) rn S o 0 100 a 2 Job Access cc 3y Jobs within 30 minutes by... ? 50 210 Car..............27,553 (26/63) a to Transit ............. 101 (48/63) o o'� 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Waipahu 96797 Demographics (rank) Population ................................. 72,943 (02/63) Median household income ................. $97,875 (15/63) College education rate ...................... 24.9% (49/63) Unemployment rate .......................... 3.9% (47/63) Racial shares: Asian....................................62.0% (01/63) Black ..................................... 1.1% (21/63)' Hawaiian or Pacific Islander ..............11.3% (23/63) White.....................................6.8% (63/63) Under 18 population share .................. 20.1% (38/63) Over 65 population share ................... 18.5% (41/63) Zoning Residential land (acres) ........... ......................37504 (15/63) Residents per acre of residential land .................. 20.8 (18/63) Share of residential land zone multifamily ......... 31.3% (10/63 Single-family ■ Mu11damily ■ ausmess Rental Market Renter share ................................ 32.6% (36/63) Median rent................................$1,799 (23/63)' Median asking rent (Craigslist) ............. $2,195 (34/63) 3000 as 2000 ¢ 1000 0 2011 2013 2015 2017 2019 2021 2023 — Medlan Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 30.7% (33/63) Rent burdened (>30%D of income) ........... 51.8% (32/63) Severely rent burdened (>50%D of income) ... 23.8% (36/63) Job Access Jobs within 30 minutes by... Car.............369,047 (03/63) Transit .......... 13,772 (09/63) I�W_44k_ N Kauai Zip Codes Maui Zip Codes 56 UHERO Property Market Owner -occupier share ....................... 67.4% (28/63) Median single-family price................$920,000 (34/63) Median condominium price...............$511,154 (37/57) UHERO Repeat Sales Index ................... 388 (46/63) Median monthly owner costs ................ $2,431 (35/63) Median owner costs as share of income ...... 24.2% (49/63) 15D0 1D00 0 500 0 1994 1998 2002 2006 2010 2D14 2018 2022 — Single Family Homes — Condos Single-family home transactions in past ,year ...188 (08/63) Out-of-state buyer share .................. 5.3% (60/63) Condominium transactions in past year ........ 258 (12/63)' Out-of-state buyer share .................. 5.0% (54/63) 800 O ri 600 to tOp 400 H 20D c a` 0 1994 1998 2002 2006 2010 2014 2018 2022 Single Family Homes — Condos Housing Stock Number of housing units ................... 20,873 (04/63) Median age of housing units .............. 40 ,years (36/63) New projects permitted over past five years: Single-family homes ........................ 246 (10/63) Multi -family developments ...................20 (06/63) Median permit processing time ........ 373 days (07/47) Active short-term vacation rentals (STRs) ...... 13 (57/63) STR.s as percentage of housing ............... 0.1% (57/63) 40 0.20 N O.tSO = O zo 0 1Om > 0,05 rn Q 0 0.001° 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Kauai Zip Codes Maui Zip Codes 57 Downtown Honolulu, Pauoa, etc. 96813 UHERO Demographics (rank) Population ................................. 25,292 (24/63) Median household income ................. $83,804 (33/63) College education rate ...................... 46.3% (07/63) Unemployment rate .......................... 4.0% (45/63) Racial shares: Asian .................................... 46.9% (16/63) Black ..................................... 2.2% (07/63) Hawaiian or Pacific Islander ..............10.3% (28/63) White ................................... 17.4% (46/63) Under 18 population share .................. 15.3% (59/63) Over 65 population share ................... 20.5% (33/63) Zoning Residential land (acres) ........... ......................1,258 (37/63) Residents per acre of residential land .................. 20.1 (19/63), Share of residential land zone multifamily ......... 55.4% (04/uo) single-family ■ Mulldamily ■ Business Rental Market Renter share................................47.5% (11/63) Median rent................................$1,640 (30/63) Median asking rent (Craigslist) ............. $2,395 (26/63) 3000 a 2000 _ ¢ 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 33.7% (21/63) Rent burdened (>30% of income) ........... 57.1% (22/63) Severely rent burdened (>50% of income) ... 32.4% (16/63) Job Access Jobs within 30 minutes by... Car.............359,926 (06/63) Transit ......... 154,380 (02/63) Property Market Owner -occupier share ....................... 52.5% (53/63) Median single-family price .............. $1,150,000 (22/63) Median condominium price ............... $750,000 (20/57) LHERO Repeat Sales Index...................245 (63/63) Median monthly owner costs................$2,728 (18/63) Median owner costs as share of income ...... 24.9% (44/63) CO 1500 0 1000 U C 500 ro 0 lssa ,ssa zooz zoos 2010 2014 2018 zozz Single Family Homes — Condos Single-family home transactions in past year .... 39 (43/63) Out-of-state buyer share ................. 10.3% (50/63) Condominium transactions in past year ........ 334 (07/63) Out-of-state buyer share .................. 8.4% (51/63) 1000 O R 750 W C e` Soo F 250 c a 0 1994 1998 2002 2006 2010 2014 2018 2022 -- Single Family Homes — Condos Housing Stock Number of housing units ................... 12,901 (20/63) Median age of housing units .............. 40 years (36/63) New projects permitted over past five years: Single-family homes ......................... 49 (41/63) Multi -family developments ....................3 (15/63) Median permit processing time ........ 249 days (24/47) Active short-term vacation rentals (STRs) ...... 92 (33/63) STRs as percentage of housing ............... 0.7% (46/63) 1.000 0 100 0.75= F_ 0.50 �. ea '- 0.25 W a a 0 0.00'� 2019 2020 2021 2022 2023 58 State Counties Big Island Zip Codes Kauai Zip Codes Maui Zip Codes Ala Moana, Ward, etc. 96814 UHERO Demographics (rank) Population ................................. 22,880 (26/63) Median household income ................. $64,635 (55/63) College education rate ...................... 42.9% (09/63) Unemployment rate .......................... 4.2% (39/63) Racial shares: Asian....................................60.4% (03/63) Black ..................................... 1.2% (18/63) Hawaiian or Pacific Islander ............... 6.0% (52/63) White ................................... 15.4% (48/63)' Under 18 population share .................. 12.0% (62/63) Over 65 population share ................... 21.5% (24/63) Zoning Residential land (acres) ........... ........................660 (44/63) Residents per acre of residential it land .................. 34.7 (08/63) Share of residential land zoned multifamily ........ 100.0% (01/63) . Multifamily ■ Business Rental Market Renter share................................58.4% (05/63)' Median rent................................$1,606 (32/63)' Median asking rent (Craigslist) ............. $1,875 (48/63) 3000 in 2000 Cr 1000 0 2011 2013 2015 2017 2015 2021 2023 — Median Rent — — Median Craigslist Asking Rent Median rent paid as share of income ........ 29.2% (41/63) Rent burdened (>30% of income) ........... 47.9% (42/63) Severely rent burdened (>50% of income) ... 24.7% (33/63) Job Access Jobs within 30 minutes by... Car.............336,049 (09/63) Transit ......... 176,478 (01/63) Property Market Owner -occupier share ....................... 41.6% (59/63) '_Median single-family price .............. $1,487,000 (11/63) Median condominium price...............$840,000 (11/57) UHERO Repeat Sales Index...................267 (62/63) Median monthly owner costs................$2,629 (27/63) Median owner costs as share of income ...... 28.6% (16/63) g3000 y 2000 U a 1000 0 1994 1998 2002 2006 2010 2014 2018 2022 -- Single Family Homes — Condos Single-family home transactions in past year ..... 3 (63/63) Out-of-state buyer share .................. 0.0% (63/63) Condominium transactions in past year ........ 992 (02/63) Out-of-state buyer share ................. 23.0% (33/63) 2000 O 1500 to C 1000 H s0o a 0 _ 1994 199E 2002 2006 2010 2014 201E 2022 — Single Family Homes — Condos Housing Stock Number of housing units ................... 14,422 (19/63) Median age of housing units .............. 43 ,years (27/63) New projects permitted over past five years: Single-family homes ......................... 10 (61/63) Multi -family developments ....................7 (10/63) Median permit processing time ........ 736 days (01/47) Active short-term vacation rentals (STRs) ..... 154 (24/63) STRs as percentage of housing ............... 1.1% (40/63) rn 150 3° .r 0.9 0 c 100 0.6a > 50 0.3 CD ' Q A 0 0,0 11, 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Kauai Zip Codes Maui Zip Codes 59 Waikiki, Kapahulu, etc. � x 96815 UHERO Property Market (rank) Population ................................. 26,608 (22/63) Owner -occupier share ....................... 47.5% (57/63) Median household income ................. $67,383 (52/63) Median single-family price.............. $1,352,500 (14/63) College education rate ...................... 46.5% (06/63) Median condominium price............... $416,667 (48/57) Unemployment rate .......................... 5.4% (29/63) UHERO Repeat Sales Index ................... 308 (59/63) Racial shares: Median monthly owner costs................$2,561 (31/63) Asian....................................40.7% (19/63) Median owner costs as share of income ...... 29.3% (10/63) Black .................................... 1.6% (15/63) Hawaiian or Pacific Islander...............3.8% (56/63) $,soo White ................................... 39.9% (18/63) `=,000 Under 18 population share .................. 10.8% (63/63) Over 65 population share ................... 23.2% (14/63) If soo �o o Zoning 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Residential land (acres) ........... .................... .... 938 (42/63) Single-family home transactions in past year .... 44 (42/63) Residents per acre of residential Out-of-state buyer share ................. 18.2% (36/63) land .................. 28.4 (11/63) Condominium transactions in past year ...... 1,049 (01/63) Share of residential land zoned Out-of-state buyer share ................. 38.2% (24/63) multifamily ......... 66.2% (03/63) N Single.lamily ■ Mull4amlly 2lKi° ■ Business y 1500 c Rental Market co ~ loom soo Renter share................................52.5% (07/63) Median rent................................$1,768 (24/63) Median asking rent (Craigslist) ............. $1,800 (52/63) 3000 Demographics ¢ 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 34.6% (19/63) Rent burdened (>30% of income) ........... 57.4% (21/63) Severely rent burdened (>50% of income) ... 30.2% (22/63) Job Access Jobs within 30 minutes by... Car.............302,237 (13/63) Transit ......... 146,212 (04/63) a 1994 1998 2002 2006 2010 2014 2018 2022 Single Family Homes — Condos Housing Stock Number of housing units ................... 23,378 (01/63) Median age of housing units .............. 51 years (08/63) New projects permitted over past five years: Single-family homes ......................... 53 (39/63) Multi -family developments .................... 1 (20/63) Median permit processing time ........ 272 days (19/47) Active short-term vacation rentals (STRs) ... 5,166 (01/63) STRs as percentage of housing .............. 22.1% (06/63) m 20 c 4000 15 0 cc d2000 t0<p 2 Q 5 A 0 0 F 2019 2020 2021 2022 2023 60 State Counties Big Island Zip Codes Kauai Zip Codes Maui Zip Codes Kahala, Kaimuld, etc. V 96816 Demographics (rank) Population ................................. 51,526 (10/63) Median household income ................. S98,059 (13/63) College education rate ...................... 44.2% (08/63) Unemployment rate .......................... 2.8% (56/63) Racial shares: Asian .................................... 50.1% (12/63) Black ..................................... 0.5% (35/63) Hawaiian or Pacific Islander ............... 7.2% (45/63) White ................................... 19.7% (42/63) Under 18 population share .................. 15.7% (58/63) Over 65 population share ................... 23.7% (12/63)' Zoning Residential land (acres) ........... ......................3,114 (20/63) Residents per acre of residential land .................. 16.5 (23/63), Share of residential land zoned' multifamily ........... 5.4% (27/63) Single-family ■ Mu%rfemily ■ Business Rental Market Renter share ..... ........................... 39.4% (20/63)', Median rent................................$1,762 (25/63)i Median asking rent (Craigslist) ............. $2,125 (36/63) 3000 zi 2000 tr 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 29.5% (38/63) Rent burdened (>30% of income) ........... 49.1% (38/63) Severely rent burdened (>50%D of income) ... 23.7% (37/63) Job Access Jobs within 30 minutes by... Car.............331,159 (11/63) Transit .......... 181724 (08/63) 1 4 Wi�pnaiytic Property Market Owner -occupier share ....................... 60.6% (44/63) Median single-family price .............. $1,250,000 (16/63) Median condominium price ............... $685,000 (27/57) UHERO Repeat Sales Index...................334 (57/63) Median monthly owner costs................$3,243 (04/63) Median owner costs as share of income ...... 26.7% (28/63) g 1500 o0o f✓� U n' 500 c T 0 0 1994 1998 2002 2006 2010 2014 2018 2022 -- Single Family Homes — Condos Single-family home transactions in past year ...184 (09/63) Out-of-state buyer share .................. 9.8% (51/63) Condominium transactions in past year ......... 71 (27/63) Out-of-state buyer share ................. 22.5% (35/63) U) O 400 U y 300 C 200 IDO C a 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock Number of housing units ................... 19,632 (07/63) Median age of housing units .............. 60 ,years (01/63) New projects permitted over past five years: Single-family homes ........................195 (14/63)' Multi -family developments .................... 0 (24/63) Median permit processing time ........ 211 days (33/47) Active short-term vacation rentals (STRs) ..... 192 (23/63) STRs as percentage of housing ............... 1.0% (42/63) 400-000 O_ � 15= Q U) 2cc 10 a1 � '- 050 a o 0 0.0 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Nu `uanu, e 96817 Kauai Zip Codes Maui Zip Codes 61 Liliha, etc. UHERO Demographics Property Market (rank) Population ................................. 54,183 (06/63) Owner -occupier share ....................... 43.3% (58/63) Median household income ................. $67,086 (53/63) Median single-family price ................ $899,500 (39/63) College education rate ...................... 28.7% (38/63) Median condominium price............... $410,000 (49/57) Unemployment rate .......................... 6.1% (21/63) UHERO Repeat Sales Index ................... 285 (60/63) Racial shares: Median monthly owner costs................$2,662 (23/63) Asian .................................... 61.6% (02/63) _Median owner costs as share of income ...... 26.3% (31/63) Black ................................... 0.9% (26/63) o ,soo Hawaiian or Pacific Islander..............10.5% (27/63) O White.....................................9.4% (60/63) ,000 Under 18 population share .................. 17.1% (55/63) LJ Over 65 population share ................... 23.8% (11/63) a soo % a Zoning° � 1994 lass zooz Zoos zwo 2014 zale zozz — Single Family Homes — Condos Residential land (acres) ...................... 2,209 (27/63)', Single-family home transactions in past year .... 86 (28/63) Residents per acre of residential Out-of-state buyer share .................. 7.0% (57/63) land ..................24.5 (13/63) Condominium transactions in past year ........ 166 (18/63), Share of residential land zone Out-of-state buyer share .................. 5.4% (53/63) multifamily ......... 15.8% (15/63) Single-lamiy ■ Muhllamlly C O ■ Business 400 to C n7 Rental Market ~ 200 Renter share................................56.7% (06/63) a o Median rent ................................ $1,291 (50/63) 1994 1998 2002 zoos 2010 2014 2018 2022 Median asking rent (Craigslist) ............. $1,950 (44/63) — single Family Homes — condos 3000 Zj 2000 Housing Stock d Number of housing units ................... 20,993 (03/63) CC 1000 Median age of housing units .............. 52 years (07/63) o \ew projects permitted over past five years: 2011 2013 2015 2017 2019 2021 2023 Single-family homes ........................ 123 (25/63) — Median Rent - - Median Craipliist asking Rem Multi -family developments .................... 3 (15/63) Median permit processing time ........ 288 days (13/47) Median rent paid as share of income ........ 29.8% (36/63) Active short-term vacation rentals (STRs) ...... 34 (49/63) Rent burdened (>30% of income) ........... 49.4% (37/63) STRs as percentage of housing ............... 0.2% (53/63) Severely rent burdened (>50% of income) ... 19.4% (49/63) v, oaa' 0 Job Access �© 0.30 0.2 sl Jobs within 30 minutes by... 10 0 Car .............365,982 (04/63) a °t� Transit ......... 111,207 (05/63) t o oox j%_2019 2020 2021 21,122 2023 - State Counties Big Island Zip Codes S alt Lake, 96818 Demographics Kauai Zip Codes Maui Zip Codes 62 JBPHH, etc. UHERO (rank) Population ................................. 59,703 (03/63) Median household income ................. $87,175 (24/63) College education rate ...................... 36.7% (20/63) Unemployment rate .......................... 4.0% (45/63) Racial shares: Asian....................................36.7% (20/63) Black.....................................6.9% (02/63) Hawaiian or Pacific Islander ............... 2.9% (60/63) White ................................... 31.2% (28/63) Under 18 population share .................. 28.9% (06/63) Over 65 population share ................... 11.2% (59/63) Zoning o � Residential land (acres) ........... . 1,267 (36/63) Residents per acre of residential land .................. 47.1 (06/63) Share of residential land zoned multifamily ......... 12.7% (18/63) Property Market Owner -occupier share ....................... 36.5% (61/63) '_Median single-family price .............. $1,206,000 (19/63) Median condominium price ............... $440,000 (47/57) L;HERO Repeat Sales Index...................361 (52/63) Median monthly owner costs................$2,549 (32/63) Median owner costs as share of income ...... 26.5% (29/63) CO 1500 0 C 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Single-family home transactions in past year .... 38 (44/63) Out-of-state buyer share ................. 10.5% (49/63) Condominium transactions in past year ........ 193 (14/63) Out-of-state buyer share .................. 9.3% (50/63) Singh -family. Mullilemlty H C O ■ eusuiess 400 C C co Rental Market P 200 Renter share ................................ 63.5% (03/63) 78 a 0 Median rent ................................ $2,918 (03/63) 1994 1998 2002 2006 2010 2014 2018 2022 Median asking rent (Craigslist) ............. $2,100 (37/63) — Single Family Hones — Condos 3000 Housing Stock 2000 _ _ _ a) l000 Number of housing units ................... 20,321 (06/63) Median age of housing units .............. 40 years (36/63) New projects permitted over past five years: o 2011 2013 2015 2017 2019 — Median Rent - - Median Craigslist 2021 2023 Asking Rent Single-family homes ......................... Multi -family developments .................... 26 (53/63) 0 (24/63) Median permit processing time ........ 276 days (16/47) Median rent paid as share of income ........ 41.1% (08/63) Active short-term vacation rentals (STRs) ....... 8 (61/63) Rent burdened (>30% of income) ........... 70.7% (03/63) STRs as percentage of housing 0.0% (61/63) p g g ( / ) Severely rent burdened (>50% of income) ... 38.4% (07/63) 0.126 e c 20 0.100 g. Job Access cc 0.075y Jobs within 30 minutes by... <D 10 o.osoto Car .............357,704 (07/63) Transit .......... 60,168 (06/63) ti a 0 2019 2020 2021 2022 CD 0.025 0.0007e 2023 State Counties Big Island Zip Codes Kauai Zip Codes Maui Zip Codes 63 Kalihi, Moanalua, etc. 96819 UHERO Demographics (rank) Population ................................. 51,712 (09/63) Median household income.................$90,678 (19/63) College education rate ...................... 19.7% (57/63) Unemployment rate .......................... 5.7% (26/63) Racial shares: Asian .................................... 59.1% (04/63) Black ..................................... 1.2% (18/63) Hawaiian or Pacific Islander ..............12.9% (19/63) White.....................................7.6% (62/63) Under 18 population share .................. 21.7% (30/63) Over 65 population share ................... 16.8% (48/63) Zoning Residential land (acres) ........... ......................1,732 (34/63) Residents per acre of residential land .................. 29.8 (10/63) Share of residential land zoned multifamily ........... 8.4% (24/63) single-lamily ■ MukAamlly ■ Business Rental Market Renter share................................50.9% (08/63) Median rent................................$1,580 (35/63) Median asking rent (Craigslist) ............. $1,750 (55/63) 3000 Z;� 2000 cr 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 29.0% (42/63) Rent burdened (>30% of income) ........... 47.9% (42/63) Severely rent burdened (>50% of income) ... 21.8% (43/63) Job Access Jobs within 30 minutes by... Car.............364,972 (05/63) Transit,.......... 24,702 (07/63) Ac ............ Property Market Owner-occupier share ....................... 49.1% (56/63) Median single-family price ................ $948,000 (33/63) Median condominium price ............... $720,000 (24/57) UHER.O Repeat Sales Index ................... 467 (25/63) Median monthly owner costs................$3,104 (07/63) Median owner costs as share of income ...... 24.0% (51/63) 1500 a soo _ c f 0 1994 1998 2002 2006 2010 Zola 2018 2022 — Single Family Homes — Condos Single-family home transactions in past ,year... 137 (13/63) Out-of-state buyer share .................. 8.0% (56/63) Condominium transactions in past year ......... 29 (36/63) Out-of-state buyer share ................. 13.8% (42/63) N O 200 w 150 c N 100 so c c 0 a 1994 1998 2002 2006 2010 2014 2018 2022 Single Family Homes — Condos Housing Stock Number of housing units ................... 12,730 (21/63) Median age of housing units .............. 57 years (03/63) New projects permitted over past five years: Single-family homes ......................... 79 (34/63) Multi -family developments .................... 0 (24/63) Median permit processing time ........ 274 days (17/47) Active short-term vacation rentals (STRs) ...... 34 (49/63) STRs as percentage of housing ............... 0.3% (52/63) 0.4 u 0 r •= 40 0.3 � � 2 0 H 0.2 m 20 > 0.1 m a 0 0.01 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes `Aina Haina, ,96821 Demographics (rank) Population ................................. 19,250 (28/63) Median household income ................ $152,363 (01/63) College education rate ...................... 61.1% (01/63) Unemployment rate .......................... 3.8% (49/63) Racial shares: Asian....................................51.9% (09/63) Black ..................................... 0.2% (46/63) Hawaiian or Pacific Islander ............... 2.8% (61/63) White ................................... 22.4% (38/63) Under 18 population share .................. 16.8% (56/63) Over 65 population share ................... 27.4% (05/63) Zoning Residential land (acres) ........... ......................2,111 (29/63)' Residents per acre of residential land....................9.1 (37/63), Share of residential land zone multifamily ........... 0.4% Single-family ■ Multifamily ■ Business - Rental Market Renter share ................................ 15.8% (61/63) Median rent................................$2,603 (04/63) Median asking rent (Craigslist) ............. $2,650 (13/63) 3000 Z;� 2000 cc 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent, paid as share of income ........ 25.9% (53/63) Rent burdened (>30% of income) ........... 36.6% (58/63) Severely rent burdened (>50% of income) ... 21.2% (45/63) Job Access Jobs within 30 minutes by... Car.............294,892 (15/63) Transit.............860 (28/63) ® Kauai Zip Codes Maui Zip Codes 64 Kuli `ou `ou UHERO Property Market Owner -occupier share ....................... 84.2% (03/63) Median single-family price .............. $1,800,000 (06/63) Median condominium price ............. $1,090,000 (07/57) UHER.O Repeat Sales Index ................... 393 (45/63) Median monthly owner costs................$3,803 (01/63) Median owner costs as share of income ...... 25.3% (40/63) 0 0 0 1500 v 1000 a` 500 d � o 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Single-family home transactions in past ,year... 132 (16/63) Out-of-state buyer share ................. 17.4% (39/63) Condominium transactions in past year .......... 9 (45/63) Out-of-state buyer share ................. 11.1% (47/63) c 300 O_ 200 c 100 a` 0 1994 1998 2002 2006 2010 2014 2018 2022 Single Family Homes — Condos Housing Stock Number of housing units.....................7,427 (28/63) Median age of housing units .............. 54 years (04/63) New projects permitted over past five years: Single-family homes ......................... 90 (28/63) Multi -family developments .................... 0 (24/63) Median permit processing time ........ 222 days (31/47) Active short-term vacation rentals (STRs) ...... 70 (35/63) STRs as percentage of housing ............... 0.9% (43/63) 2.0 c 15� 100 oZ cc l- 1.0 to 50 0.50 a 0 0 0.0'� 2019 2020 2021 2022 2023 65 State Counties Big Island Zip Codes Kauai Zip Codes Maui Zip Codes Makiki, Manoa, etc. 96822 UHERO Demographics Property Market (rank) Population ................................. 48,037 (13/63) Owner -occupier share ....................... 55.8% (51/63) Median household income ................. $83,946 (32/63) Median single-family price .............. $1,495,000 (10/63) College education rate ...................... 53.7% (03/63) Median condominium price............... $395,000 (50/57) Unemployment rate .......................... 6.1% (21/63) UHERO Repeat Sales Index ................... 345 (55/63) Racial shares: Median monthly owner costs................$2,809 (13/63) Asian .................................... 49.5% (14/63) -Median owner costs as share of income ...... 25.5% (38/63) Black ..................................... 1.2% (18/63) Hawaiian or Pacific Islander ............... 8.1% (40/63) o 1500 White ................................... 20.3% (40/63) J Under 18 population share .................. 15.0% (60/63) 1000 Over 65 population share ................... 21.3% (25/63)L 500 0 Zoning 1994 1998 2002 2006 2010 2014 2018 2022 Residential land (acres) ........... ......................2,013 (32/63) Residents per acre of residential land .................. 23.9 (14/63) Share of residential land zoned multifamily ......... 12.5% (19/63) Single-family. Muh,lamily ■ Business Rental Market — Single Family Homes — Condos Single-family home transactions in past year...101 (24/63) Out-of-state buyer share ................. 14.9% (46/63) Condominium transactions in past year ........ 263 (10/63) Out-of-state buyer share ................. 11.4% (46/63) Renter share................................44.2% (13/63) a 0 Median rent................................$1,575 (36/63), Median asking rent (Craigslist) ............. $1,800 (52/63) 3000 1994 1998 2002 2006 2010 2014 2018 2022 Single Family Homes — Condos Housing Stock 2000 l000 Number of housing units ................... 20,370 (05/63) Median age of housing units..............53 years (06/63) New projects permitted over past five years: o 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Single-family homes ......................... Multi -family developments .................... 87 (29/63) 2 (18/63) Median permit processing time ........ 267 days (21/47) Median rent paid as share of income ........ 30.0% (35/63)' Active short-term vacation rentals (STRs) ...... 48 (45/63) Rent burdened (>30% of income) ........... 49.9% (35/63) STRs as percentage of housing p g g 0.2% 53 63 ( / ) Severelyrent burdened >50% of income 24.0% 35 63 100 D 0 c 0-4 = Job Access 0 Jobs within 30 minutes by... 50 02� Car .............334,387 (10/63) a � Transit ............ 4,511 (17/63) �� o 2019 2020 2021 2022 o.o'� 2023 66 State Counties Big Island Zip Codes Kauai Zip Codes Maui Zip Codes Hawaii Kai 96825 Demographics (rank) Population ................................. 30,621 (19/63) Median household income................$130,964 (02/63) College education rate ...................... 57.9% (02/63) Unemployment rate .......................... 4.2% (39/63) Racial shares: Asian....................................44.9% (17/63) Black ..................................... 0.9% (26/63) Hawaiian or Pacific Islander ............... 3.7% (57/63) White ................................... 27.2% (33/63) Under 18 population share .................. 20.9% (33/63) Over 65 population share ................... 26.3% (07/63) Zoning Residential land (acres) ... ........ ......................2,103 (30/63). Residents per acre of residential land .................. 14.6 (31/63) Share of residential land zoned multifamily ......... 11.4% (22/63) Single-lamily. Mulutanly ■ aUSIMSi Rental Market Renter share................................17.2% (60/63) Median rent................................$3,128 (01/63) Median asking rent (Craigslist) ............. $3,100 (02/63) 4000.000 Zi� 2666.667 ^ c Q 1333.333 0.000 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 34.8% (17/63) Rent burdened (>30% of income) ........... 57.1% (22/63) Severely rent burdened (>50% of income) ... 21.4% (44/63) Job Access Jobs within 30 minutes by... Car.............114,279 (19/63) Transit.............800 (30/63) 00 UHERO Property Market Owner -occupier share .............. I ........ 82.8% (04/63) Median single-family price .............. $1,500,000 (09/63) Median condominium price ............... $820,000 (13/57) UHERO Repeat Sales Index...................337 (56/63) Median monthly owner costs................$3,229 (05/63) _Median owner costs as share of income ...... 25.6% (36/63) O 00 1500 y 1000 U a` soo ro 0 1994 1998 2002 2006 2010 2014 2018 2022 Single Family Homes — Condos Single-family home transactions in past year... 133 (15/63) Out-of-state buyer share ................. 15.0% (45/63) Condominium transactions in past year........167 (17/63) Out-of-state buyer share ................. 22.2% (36/63) C 600 ro !n ro 400 F CO 200 \—^/ �. a 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock Number of housing units ................... 11,872 (23/63) Median age of housing units .............. 46 years (19/63) New projects permitted over past five years: Single-family homes ......................... 42 (45/63) Multi -family developments ....................3 (15/63) Median permit processing time ........ 244 days (26/47) Active short-term vacation rentals (STRs) ..... 102 (29/63) STRs as percentage of housing ............... 0.9% (43/63) 200 y o_ DCC x 1.00 H 100 m a1 0.5 V) Q A 0 0.O W 2019 2020 2021 2022 2023 67 State Counties Big Island Zip Codes Kauai Zip Codes Maui Zip Codes McCully, Mo`ili`ili, etc. 96826 UHERO Demographics (rank) Population ................................. 30,592 (20/63) Median household income ................. $63,067 (56/63) College education rate ...................... 37.8% (17/63) Unemployment rate .......................... 3.4% (54/63) Racial shares: Asian....................................56.5% (06/63) Black ..................................... 1.8% (12/63) Hawaiian or Pacific Islander ............... 7.2% (45/63) White ................................... 13.1% (52/63) Under 18 population share .................. 14.1% (61/63) Over 65 population share ................... 20.3% (36/63) Zoning Residential land (acres) ........... ........................633 (46/63) Residents per acre of residential land .................. 48.3 (05/63) Share of residential land zoned multifamily ......... 86.7% (02/63) Single-family ■ M.11damlly ■ a11Simn Rental Market Renter share................................68.3% (02/63) Median rent................................$1,410 (44/63) Median asking rent (Craigslist) ............. $1,850 (51/63) 3000 4 2000 ¢ 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 30.1% (34/63) Rent burdened (>30% of income) ........... 50.3% (34/63) Severely rent burdened (>50% of income) ... 26.3% (28/63) Job Access Jobs within 30 minutes by... Car.............338,545 (08/63) Transit ......... 146,305 (03/63) Property Market Owner -occupier share ....................... 31.7% (62/63) Median single-family price .............. $1,350,000 (15/63) Median condominium price...............$455,000 (45/57) UHERO Repeat Sales Index...................285 (61/63) Median monthly owner costs................$2,330 (42/63) Median owner costs as share of income ...... 30.8% (08/63) 0 1500 0 1000 U °' 500 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Single-family home transactions in past year .... 15 (55/63) Out-of-state buyer share ................. 20.0% (33/63) Condominium transactions in past year.........262 (11/63) Out-of-state buyer share ................. 11.5% (45/63) to - 600 22 91 400 fo t= � zoo C c a o — 1994 1998 2002 2006 2010 2014 2018 2022 Single Family Homes — Condos Housing Stock Number of housing units ................... 16,711 (14/63)' Median age of housing units .............. 50 ,years (10/63) New projects permitted over past five years: Single-family homes ......................... 28 (51/63) Multi -family developments ....................6 (12/63) Median permit processing time ........ 444 days (06/47) Active short-term vacation rentals (STRs) ..... 124 (25/63) STRs as percentage of housing ............... 0.7% (46/63) o.a o 0 100 0.6 = O � 0.4 c. d 5O '- 0.2 Cn Q A 0 0.0'� 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Honolulu Zip Codes Anahola 96703 Demographics (rank) Population .................................. 2,844 (58/63) Median household income ................. $79,063 (41/63) College education rate ...................... 13.4% (63/63) Unemployment rate .......................... 5.0% (31/63) Racial shares: Asian ..................................... 5.9% (59/63) Black ..................................... 0.0% (55/63) Hawaiian or Pacific Islander..............43.3% (02/63) White ................................... 12.8% (54/63) Under 18 population share..................24.7% (14/63) Over 65 population share ................... 18.5% (41/63) Zoning Residential land (acres) ........... .540 (47/63) Residents per acre of residential land....................5.3 (44/63) Share of residential land zoned multifamily ........... 0.0% (42/63) Single-family ■ Business Rental Market Renter share................................14.3% (62/63) Median rent................................$1,463 (42/63) Median asking rent (Craigslist) ............. $1,920 (46/63) 4000.000 r� 2666,667 CC 1333,333 0.000 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 43.8% (05/63) Rent burdened (>30% of income) ........... 64.6% (08/63)', Severely rent burdened (>50% of income) ... 30.4% (21/63) Maui Zip Codes 68 UHERO Property Market Owner -occupier share ....................... 85.7% (02/63) Median single-family price..............$2,150,000 (02/63) Median condominium price...............$447,500 (46/57) UHERO Repeat Sales Index ................... 566 (11/63) Median monthly owner costs ................ $1,345 (61/63) Median owner costs as share of income ...... 18.1% (62/63) g2000 d:1500 m c 1000 a 500 N � o 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Single-family home transactions in past year ..... 8 (61/63) Out-of-state buyer share ................. 62.5% (01/63) Condominium transactions in past year .......... 4 (50/63) Out-of-state buyer share ................. 25.0% (32/63) c 200 O � 150 rA to 100 P 50 c 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock Number of housing units ...................... 857 (62/63) Median age of housing units..............37 years (44/63)' New projects permitted over past five years: Single-family homes ......................... 19 (56/63) Multi -family developments .................... 0 (24/63) Median permit processing time ........ 253 days (22/47) Active short-term vacation rentals (STRs) ...... 54 (40/63) STRs as percentage of housing ............... 6.3% (16/63) so a' N 6a Job Access F 40 4= to Jobs within 30 minutes by... 'D 20 2CD `� Car ...............7:390 (41/63) a Transit .............. 39 (56/63) 0 0', - 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Honolulu Zip Codes Maui Zip Codes 69 Hanapepe 96716 Demographics (rank) Population .................................. 2,488 (61/63) Median household income ................. $81,547 (38/63) College education rate ...................... 17.7% (58/63) Unemployment rate .......................... 5.5% (28/63) Racial shares: Asian....................................52.4% (08/63) Black ..................................... 0.3% (44/63) Hawaiian or Pacific. Islander..............20.8% (09/63) White ................................... 10.3% (57/63) Under 18 population share .................. 19.7% (39/63) Over 65 population share ................... 15.5% (53/63) Zoning Residential land (acres) .. ........................479 (49/63)' Residents per acre of residential land....................5.2 (45/63) Share of residential land zoned multifamily ........... 0.0% (42/63) single.** Rental Market Renter share ................................ 34.1% (31/63) Median rent................................$1,325 (48/63). Median asking rent (Craigslist) ............. $1,950 (44/63) 3000 Zi 2000 ` Q 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 27.5% (50/63) Rent burdened (>30% of income) ........... 46.0% (46/63) Severely rent burdened (>50% of income) .... 8.5% (61/63) Job Access Jobs within 30 minutes by... Car...............9,289 (40/63) Transit.............146 (46/63) UHERO Property Market Owner -occupier share ....................... 65.9% (33/63) Median single-family price................$795,000 (46/63) Median condominium price ....................... $- (-/57) UHERO Repeat Sales Index...................800 (02/63) Median monthly owner costs................$2,000 (50/63) Median owner costs as share of income ...... 20.9% (59/63) g 1500 0 1000 IL s00 c 'S 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes Single-family home transactions in past ,year .... 15 (55/63) Out-of-state buyer share .................. 6.7% (58/63) Condominium transactions in past year .......... 0 (58/63) Out-of-state buyer share .................. 0.0% (56/63) c 200 0 m 150 to C nl 100 H so c a 0 1994 1998 2002 2006 2010 2014 2016 2022 — Single Family Homes — Condos Housing Stock Number of housing units ...................... 870 (61/63) Median age of housing units .............. 32 years (54/63) New projects permitted over past five years: Single-family homes ...........................8 (63/63) Multi -family developments .................... 0 (24/63) Median permit processing time ........ 365 days (08/47) Active short-term vacation rentals (STRs) ....... 0 (63/63) STRs as percentage of housing ............... 0.0% (61/63) 1 0.12 0 0.09 � 2 0 0.06 C >_ 0.03 to a 0 0.00'� 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Honolulu Zip Codes Princeville 96722 Demographics (rank) Population .................................. 2,093 (62/63) Median household income ................. $79,922 (40/63) College education rate ...................... 50.6% (04/63) Unemployment rate ..........................8.9% (10/63) Racial shares: Asian.....................................6.3%D (58/63) Black ..................................... 0.0% (55/63) Hawaiian or Pacific Islander ............... 0.0% (63/63) White ................................... 70.1% (01/63) Under 18 population share .................. 22.2% (23/63) Over 65 population share ................... 29.1% (03/63) Zoning Residential land (acres) ........... .........................30 (63/63) Residents per acre of residential land .................. 70.5 (03/63) Share of residential land zoned multifamily ........... 0.0% (42/63) Single.lamity ■ auamew Rental Market Renter share................................29.7% (44/63) Median rent................................$1,373 (45/63) Median asking rent (Craigslist) ............. $6,000 (01/63) 6000 e9 4000 CC 2000 ' 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 23.8% (58/63) Rent burdened (>30% of income) ........... 49.1% (38/63) Severely rent burdened (>50% of income) ... 18.5% (51/63) Job Access Jobs within 30 minutes by... Car...............3:351 (53/63) Transit.............206 (42/63) Maui Zip Codes 70 UHERO Property Market Owner -occupier share ....................... 70.3% (20/63) Median single-family price .............. $1,875,000 (04/63) Median condominium price ............... $997,000 (10/57) tiHERO Repeat Sales Index...................538 (14/63) Median monthly owner costs................$2,893 (12/63) Median owner costs as share of income ...... 42.4% (01/63) 0 0 Z, 15DO v tODO a 500 10000 a M 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Single-family home transactions in past year .... 31 (48/63) Out-of-state buyer share ................. 58.1% (04/63) Condominium transactions in past year ......... 76 (26/63) Out-of-state buyer share ................. 77.6% (05/63) .9200 y 150 c 100 50 c c 0 a 1994 1998 2002 2006 2010 2014 2018 2022 --- Single Family Homes — Condos Housing Stock Number of housing units.....................2,671 (43/63) Median age of housing units..............37 years (44/63) New projects permitted over past five ,years: Single-family homes ......................... 37 (47/63) Multi -family developments .................... 0 (24/63) Median permit processing time ........ 125 days (45/47) Active short-term vacation rentals (STRs) ... 1,890 (05/63) STR.s as percentage of housing .............. 70.7% (01/63) rn 2000 80 e- O j 60 = CC 1000 40 �• d � 200 a 0 0 0 x 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Honolulu Zip Codes Maui Zip Codes 71 Kalaheo 96741 Demographics (rank) Population .................................. 6,150 (43/63) Median household income ................. $87,536 (22/63) College education rate ...................... 42.9% (09/63) Unemployment rate .......................... 5.6% (27/63) Racial shares: Asian....................................19.8% (41/63) Black.....................................0.0% (55/63) Hawaiian or Pacific Islander ............... 7.8% (42/63) White ................................... 39.0% (19/63) Under 18 population share .................. 22.551c (21/63) Over 65 population share ................... 21.2% (28/63) Zoning Residential land (acres) ........... ......................27926 (22/63) Residents per acre of residential land....................2.1 (52/63) Share of residential land zoned multifamily ........... 0.0% (42/63) ■ single-family Rental Market Renter share................................29.4% (46/63) Median rent................................$1,486 (41/63) Median asking rent (Craigslist) ............. $2,400 (25/63) 3000 Z; 2000 Ir 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 24.0% (57/63) Rent burdened (>30% of income) ........... 39.3% (57/63) Severely rent burdened (>50% of income) ... 26.2% (29/63) Job Access Jobs within 30 minutes by... Car ..............19,497 (31/63) Transit.............420 (36/63) UHERO Property Market Owner -occupier share ....................... 70.6% (18/63) Median single-family price................$950,000 (31/63) Median condominium price ............... $738,500 (21/57) UHER.O Repeat Sales Index...................493 (19/63) Median monthly owner costs................$2,336 (41/63) Median owner costs as share of income ...... 27.1% (21/63) g 1500 0 +v n. 500 a 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Single-family home transactions in past year .... 54 (37/63) Out-of-state buyer share ................. 35.2% (15/63) Condominium transactions in past year ......... 10 (43/63) Out-of-state buyer share ................. 30.0% (27/63) c 200 0 ro 150 N C C2 100 i- 50 a 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock Number of housing units.....................2,300 (46/63) Median age of housing units .............. 42 years (29/63) New projects permitted over past five ,years: Single-family homes ......................... 95 (27/63) Multi -family developments .................... 0 (24/63) Median permit processing time ........ 182 days (38/47) Active short-term vacation rentals (STRs) ....... 4 (62/63) STRs as percentage of housing ............... 0.2% (53/63) 0.5 3° I C- 0.4 �AJx F 0.3 5 0 2fp 4 0 0,011, 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Honolulu Zip Codes Kapa`a 96746 Demographics (rank) Population ................................. 20,810 (27/63) Median household income ................. $93,188 (17/63) College education rate ...................... 34.0% (24/63) Unemployment rate .......................... 4.7% (35/63) Racial shares: Asian....................................24.8% (31/63) Black ..................................... 0.7% (31/63) Hawaiian or Pacific Islander ............... 6.8% (49/63) White ................................... 43.6% (10/63) Under 18 population share .................. 18.9% (43/63) ' Over 65 population share ................... 20.8% (30/63) Zoning Residential land (acres) ........... �7 ......................57937 (10/63) Residents per acre of residential - land....................3.5 (47/63) 4.� Share of residential land zoned multifamily ........... 0.0% (42/63) Single-family ■ Business Rental Market Renter share................................33.2% (33/63) Median rent................................$1,748 (26/63) Median asking rent (Craigslist) ............. $2,450 (24/63) 3000 a 2000 ' Maui Zip Codes 72 UHERO Property Market Owner -occupier share ....................... 66.8% (30/63) Median single-family price................$865,000 (43/63) Median condominium price...............$630,000 (31/57) UHERO Repeat Sales Index...................506 (17/63) Median monthly owner costs................$2,400 (38/63) Median owner costs as share of income ...... 28.1% (18/63) g 1500 0 U IL �M 500 c m °O 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Single-family home transactions in past year ... 103 (22/63) Out-of-state buyer share ................. 25.2% (26/63) Condominium transactions in past year ......... 85 (25/63) Out-of-state buyer share ................. 70.6% (07/63) 0 300 co c 200 100 C a 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock ei Number of housing units.....................8,459 (27/63) Q ,000 ! Median age of housing units .............. 40 years (36/63) 0 New projects permitted over past five ,years: 2011 2013 2015 2017 2019 2021 2023 Single-family homes ........................ 143 (23/63) — Median Rent - - Median Craigslist Asking Rent Multi -family developments .................... 0 (24/63) Median permit processing time ........ 210 days (34/47) Median rent paid as share of income ........ 28.8% (44/63) Active short-term vacation rentals (STRs) ..... 745 (09/63) Rent burdened (>30% of income) ........... 48.1% (41/63) STRs as percentage of housing ............... 8.8% (13/63) Severely rent burdened (>50% of income) ... 28.07o (25/63) N a` - -- 7.5 0 Job Access 5.00 Jobs within 30 minutes by... ; 25`� Car..............11,060 (39/63) a Transit .............. 51 (55/63) 00'� 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Honolulu Zip Codes Maui Zip Codes 73 Kekaha 96752 UHERO Demographics Property Market (rank) Population .................................. 3,214 (54/63) Owner -occupier share ....................... 58.7% (49/63) Median household income ................. $74,722 (45/63) Median single-family price ................ $562,500 (53/63) College education rate ...................... 16.0% (61/63) Median condominium price............... $527,750 (36/57) Unemployment rate .......................... 0.4% (63/63) UHER.O Repeat Sales Index ................... 485 (20/63) Racial shares: Median monthly owner costs................$2,158 (45/63) Asian .................................... 17.6% (45/63) Median owner costs as share of income ...... 30.7% (09/63) Black .................................... 0.0% 55 63 Hawaiian or Pacific Islander..............26.4% (07/63) 8 tS00 White ................................... 12.9% (53/63) Under 18 population share .................. 24.9% (13/63) Over 65 population share ................... 19.0% (40/63) Soo m 0 Zoning X. 1994 1998 2002 2006 2010 2014 2018 2022 Single Family Homes � Condos Residential land (acres) ........... ........................ 517 (48/63) Single-family home transactions in past year .... 12 (58/63) Residents per acre of residential Out-of-state buyer share ................. 25.0% (27/63) land....................6.2 (41/63) Condominium transactions in past year .......... 2 (51/63) e Share of residential land zoned Out-of-state buyer share ................. 50.0% (14/63) multifamily ........... 0.0% (42/63) ■ single -(amity c zoo 0 ro 150 rn c Rental Market 100 so Renter share................................41.3% (15/63) a 0 �'-- Median rent ................................ $2,066 (11/63) 1994 1998 2002 2006 2010 2014 2018 2022 Median asking rent (Craigslist) ............. $2,500 (20/63) — single Family Homes — Condos 3000 a 2000 ' ' .' Housing Stock cc l000 Number of housing units.....................1,358 (55/63) Median age of housing units..............42 years (29/63)' o New projects permitted over past, five ,years: 2011 2013 2015 2017 2019 2021 2023 Single-family homes ...........................9 (62/63) — Median Rent - - Median Craigslist Asking Rent Multi-fainlly developments .................... 0 (24/63) Median permit processing time ........ 203 days (35/47) Median rent paid as share of income ........ 30.9% (31/63) Active short-term vacation rentals (STRs) ...... 35 (48/63) Rent burdened (>30% of income) ........... 53.3% (28/63) STRs as percentage of housing 2.6% 31 63 Severely rent burdened (>50% of income) .... 3.8% (63/63) p g g ( / ) Job Access Jobs within 30 minutes by... ; 20 Car...............3,794 (51/63) a Transit ............. 190 (44/63) o ow 14iiiiiiie - 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Honolulu Zip Codes � Kilauea 96754 Demographics (rank) Population .................................. 4,111 (49/63) Median household income ................. $85,341 (28/63) College education rate ...................... 26.8% (44/63) Unemployment rate .......................... 3.5% (52/63) Racial shares: Asian....................................20.0% (40/63) Black ..................................... 0.4% (40/63) Hawaiian or Pacific Islander ............... 0.7% (62/63) White ................................... 61.9% (02/63)' Under 18 population share ..................18.2% (49/63) Over 65 population share ................... 20.4% (35/63) Zoning Residential land (acres) ........... Maui Zip Codes 74 UHERO Property Market Owner -occupier share .......................80.2% (07/63) Median single-family price .............. $2,282,250 (01/63) Median condominium price ............. $2,600,000 (01/57) UHERO Repeat Sales Index...................578 (09/63) Median monthly owner costs................$2,800 (14/63) Median owner costs as share of income ...... 28.7% (14/63) 0p 83000 2000 a` c 1000 d � o 1994 1998 2002 2006 2010 2014 2016 2022 — Single Family Homes — Condos ........................ 336 (56/63) Single-family home transactions in past ,year .... 16 (54/63) Residents per acre of residential Out-of-state buyer share ................. 62.5% (01/63) land .................. 12.2 (35/63) Condominium transactions in past year ......... 10 (43/63) Share of residential land zone Out-of-state buyer share ................. 60.0% (09/63) multifamily ........... 0.0% (42/63� zoo . single-family 0 ■ Business 150 to C 0 100 Rental Market = 50 Renter share ................................ 19.8% (57/63) Median rent ................................ $1,836 (20/63) 1994 1995 2002 2006 2010 2014 2016 2022 Median asking rent Crai slist $3 000 04 63 Single Family Homes — Condos 3000 i 4., 2000 Housing Stock CC 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 29.3% (39/63) Rent burdened (>30% of income) ........... 45.2% (49/63) Severely rent burdened (>50% of income) ... 22.6% (41/63) Job Access Jobs within 30 minutes by... Car...............5,446 (46/63) Transit.............469 (34/63) Number of housing units.....................1,620 (51/63) Median age of housing units .............. 33 ,years (50/63) New projects permitted over past five years: Single-family homes ......................... 40 (46/63) Multi -family developments .................... 0 (24/63) Median permit processing time ........ 273 days (18/47) Active short-term vacation rentals (STRs) ...... 53 (41/63) STRs as percentage of housing ............... 3.3% (28/63) N Se 0 D S tr 5O 3 c 2, Q 0 0 OF 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Honolulu Zip Codes Koloa 96756 Demographics (rank) Population .................................. 5,939 (44/63) Median household income ................. $81,806 (36/63) College education rate ...................... 32.9% (30/63) Unemployment rate ..........................7.3% (13/63) Racial shares: Asian....................................22.6% (35/63) Black ..................................... 0.5% (35/63) Hawaiian or Pacific Islander ............... 7.5% (44/63) White ................................... 40.0% (17/63)' Under 18 population share..................24.1% (15/63) Over 65 population share ................... 22.5% (19/63) Zoning Residential land (acres) ... ......................2:115 (28/63) M1 Residents per acre of residential _ y land....................2.8 (50/63) Share of residential land zoned multifamily ........... 0.0% (42/63) singte.iamily ■ Business Rental Market Renter share................................40.7% (16/63) Median rent................................$1,341 (47/63) Median asking rent (Craigslist) ............. $1,800 (52/63) 3000 ¢ 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 35.5% (13/63) Rent burdened (>30% of income) ........... 55.9% (25/63) Severely rent burdened (>50% of income) ... 27.7% (26/63) Job Access Jobs within 30 minutes by... Car..............19,277 (33/63) Transit ............ 2,719 (18/63) Maui Zip Codes 75 UHERO Property Market Owner -occupier share ....................... 59.3% (48/63) Median single-family price .............. $1,242,500 (17/63) Median condominium price...............$792,700 (16/57) UHER.O Repeat Sales Index ................... 372 (49/63) Median monthly owner costs................$2,324 (43/63) Median owner costs as share of income ...... 29.2% (11/63) 0 1500 0 Iwo soo m T 0 1994 199E 2002 2006 2010 2014 2018 2022 -- Single Family Homes — Condos Single-family home transactions in past year .... 70 (34/63) Out-of-state buyer share ................. 55.7% (05/63) Condominium transactions in past year ........ 112 (21/63) Out-of-state buyer share ................. 82.1% (03/63) c 200 0 m 150 m c R 100 50 Q 0 1994 1996 2002 2006 2010 2014 2016 2022 Single Family Homes — Condos Housing Stock Number of housing units.....................3,465 (38/63) Median age of housing units .............. 42 years (29/63) New projects permitted over past five years: Single-family homes ........................ 151 (21/63) Multi -family developments ................... 24 (05/63) Median permit processing time ........ 202 days (36/47) Active short-term vacation rentals (STRs) ... 1,534 (06/63) STR.s as percentage of housing .............. 44.3% (02/63) soo � ao = a 1000 N 2003 a 500 CA a a 0 0 ac 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Honolulu Zip Codes Maui Zip Codes 76 Lihu `e 96766 UHERO Demographics Property Market (rank) Population ................................. 17,420 (31/63) Owner -occupier share ....................... 61.5% (41/63) Median household income.................$84,539 (29/63) Median single-family price ................ $732,500 (48/63) College education rate ...................... 26.3% (47/63) Median condominium price............... $500,000 (39/57) Unemployment rate .......................... 2.5% (60/63) UHERO Repeat Sales Index ................... 416 (38/63) Racial shares: Asian .................................... 47.3% (15/63) Median monthly owner costs ................ Median owner costs as share of income ...... $2,650 (25/63) 27.0% (25/63) Black .................................... 1.0% (24/63) $ ,soo Hawaiian or Pacific Islander...............7.0% (47/63) White ................................... 15.0% (49/63) Under 18 population share ... .... . 21.8% (28/63) Over 65 population share .. ... . 19.5% (38/63) 500 Zoning ° 1994 1998 2002 2006 2010 2014 2018 2022 Residential land (acres) ........... ......................3,221 (18/63) Residents per acre of residential land....................5.4 (42/63) Share of residential land zone multifamily ......... 49.8% (06/63�' ■ single-lamiy ■ MWMamiy ■ Ekwwss Rental Market Renter share................................38.5% (23/63) Median rent................................$1,531 (37/63) Median asking rent (Craigslist) ............. $2,200 (31/63) 3000 a2000 - - - - - �� Er 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 31.3% (30/63)' Rent burdened (>30% of income) ........... 52.7% (29/63) Severely rent burdened (>50% of income) ... 30.9% (18/63) Job Access Jobs within 30 minutes by... Car..............22,090 (30/63) Transit ............ 4,602 (16/63) — Single Family Homes — Condos Single-family home transactions in past year .... 80 (30/63) Out-of-state buyer share ................. 30.0% (18/63) Condominium transactions in past year ......... 63 (28/63) Out-of-state buyer share ................. 28.6% (28/63) 0400 O t/i 300 C 0200 P Co 100 Q 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock Number of housing units.....................5,437 (33/63) Median age of housing units .............. 37 years (44/63) New projects permitted over past five years: Single-family homes ........................ 294 (09/63) Multi -family developments ....................7 (10/63) Median permit processing time ........ 166 days (41/47) Active short-term vacation rentals (STRs) ..... 301 (19/63) STRs as percentage of housing ............... 5.5% (20/63) 400 C a F 2°° ay > 2� a o c 0'° 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Honolulu Zip Codes Kauai Zip Codes ., Ha` iku-Pa` uwela 96708 Demographics (rank) Population ................................. 11,213 (34/63) Median household income ................. $85,941 (25/63) College education rate ...................... 29.8% (33/63) Unemployment rate .......................... 6.0% (23/63) Racial shares: Asian.....................................9.0% (56/63)'. Black ..................................... 0.2% (46/63)'. Hawaiian or Pacific Islander ............... 6.6% (51/63) White ................................... 58.6% (03/63) Under 18 population share .................. 23.6% (16/63) Over 65 population share ................... 17.1% (46/63) Znnlnp' Property Market 77 W Owner -occupier share ....................... 59.8% (46/63) Median single-family price .............. $1,237,500 (18/63) Median condominium price ............. $1,100,000 (06/57) UHER.O Repeat Sales Index...................511 (16/63) Median monthly owner costs................$2,482 (33/63) Median owner costs as share of income ...... 32.0% (03/63) 0 1500 0 1000 U a c 500 � 0 1994 1998 2002 2006 2010 2014 2018 2022 Single Family Homes — Condos Residential land (acres) ........... .......... ..166 (60/63); Single-family home transactions in past ,year .... 52 (38/63) Residents per acre of residential Out-of-state buyer share ................. 26.9% (23/63) land .................. 67.6 (04/63)' Condominium transactions in past year ......... 23 (37/63) Share of residential land zoned Out-of-state buyer share ................. 21.7% (37/63) Sirgle-family multifamily ........... 0.0% (42/63) � zoo ■ Business 0 150 in R 100 Rental Market so Renter share................................40.2% (18/63)' a 0 Median rent ................................ $2,032 (13/63) 1994 1998 2002 2006 2010 2014 2018 2022 Median asking rent ((raigslist) ............: $2 475 (23/63) -- Single Family Homes — condos 3000 Try 2000 CC 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 28.2% (46/63) Rent burdened (>30% of income) ........... 47.0% (44/63) Severely rent burdened (>50% of income) ... 15.7% (54/63) Job Access Jobs within 30 minutes by... Car...............67688 (43/63) Transit .............. 94 (49/63) Housing Stock Number of housing units.....................4,552 (35/63) Median age of housing units .............. 35 years (48/63) New projects permitted over past five years: Single-family homes ........................ 213 (13/63) Multi -family developments .................... 0 (24/63) Median permit processing time ........ 158 days (43/47) Active short-term vacation rentals (STRs) ..... 114 (26/63) STRs as percentage of housing ............... 2.5% (33/63) ,so 0 30 � 2 100 2 g cn S' y 50 c o� 20'19 2020 2021 2022 2023 State Counties Big Island Zip Codes Honolulu Zip Codes Kauai Zip Codes Kahului 96732 Demographics (rank) Population ................................. 26,361 (23/63) Median household income ................. $85,890 (26/63) College education rate ...................... 26.0% (48/63) Unemployment rate .......................... 4.7% (35/63) Racial shares: Asian .................................... 59.1% (04/63) Black ..................................... 0.7% (31/63)' Hawaiian or Pacific. Islander .............. 10.2% (29/63) White.....................................9.2% (61/63) Under 18 population share .................. 20.9% (33/63) Over 65 population share ................... 19.1% (39/63) Zoning Residential land (acres) ........... ..976 (41/63) Residents per acre of residential land .................. 27.0 (12/63) Share of residential land zoned multifamily ........... 2.2% (32/63)' Single-family ■ Mulldamlty . Business Rental Market Renter share................................35.8% (27/63) Median rent................................$1,360 (46/63) Median asking rent (Craigslist) ............. $2,550 (19/63) 3000 u>2000 000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 26.0% (52/63) Rent burdened (>30% of income) ........... 42.2% (55/63) Severely rent burdened (>50% of income) ... 22.6% (41/63) Job Access Jobs within 30 minutes by... Car..............41,930 (22/63) Transit ............ 7,991 (13/63) UHERO Property Market w Owner -occupier share ....................... 64.2% (37/63) Median single-family price ................ $909,500 (37/63) Median condominium price ............... $259,000 (54/57) UHER.O Repeat Sales Index...................437 (31/63) Median monthly owner costs................$2,460 (34/63) Median owner costs as share of income ...... 28.0% (19/63) g 1500 0 o0D d c 500 �/ r ^• �` a 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Single-family home transactions in past ,year ... 103 (22/63) Out-of-state buyer share ................. 17.5% (38/63) Condominium transactions in past year ......... 60 (30/63) Out-of-state buyer share ................. 13.3% (43/63) O U 20D ld /n C ro H IOU C a 0 1994 1998 2002 2006 2010 2014 2018 2022 -- Single Family Homes — Condos Housing Stock Number of housing units.....................8,466 (26/63) Median age of housing units .............. 45 ,years (22/63) New projects permitted over past five years: Single-family homes ........................ 133 (24/63) Multi -family developments .................... 2 (18/63) Median permit processing time ........ 278 days (15/47) Active short-term vacation rentals (STRs) ...... 58 (39/63) STRs as percentage of housing ............... 0.7% (46/63) e- 0.75 O � x cc0 0 0.50 N 0.25 a 0 0 0.00 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Honolulu Zip Codes Kauai Zip Codes 79 --� Kaunakakai 96748 UHERO Demographics (rank) Population .................................. 4,251 (48/63) Median household income ................. $56,111 (59/63) College education rate ...................... 21.7% (53/63) Unemployment rate ......................... 10.8% (07/63) Racial shares: Asian.....................................9.0% (56/63) Black ..................................... 0.6% (34/63) Hawaiian or Pacific Islander .............. 35.4% (04/63) White ................................... 18.3% (45/63) Under 18 population share .................. 29.5% (05/63) Over 65 population share ................... 22.5% (19/63) Zoning Residential land (acres) Residents per acre of residential land ................. 117.1 (01/63) Single-lemily. m.m.mily Share of residential land zoned multifamily ......... 54.5% (05/63) . eU5inr55 Rental Market Renter share................................39.1% (21/63) Median rent..................................$828 (62/63) Median asking rent (Craigslist) ............. $1,900 (47/63) 3000 Property Market Owner -occupier share ....................... 60.9% (43/63) Median single-family price................$440,000 (56/63) Median condominium price...............$217,450 (56/57) tiHERO Repeat Sales Index...................326 (58/63) Median monthly owner costs................$2,057 (49/63) _Median owner costs as share of income ...... 31.1% (05/63) g 1500 0 000 U a 500 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Single-family home transactions in past year .... 37 (45/63) Out-of-state buyer share ................. 18.9% (34/63) Condominium transactions in past year ......... 15 (41/63) Out-of-state buyer share ................. 73.3% (06/63) 0 200 co 150 rn 10 100 1= 50 a 0 1994 1998 2002 2006 2010 2014 2018 2022 Single Family Homes — Condos Housing Stock ;v2000 CC l000 ` - Number of housing units.....................2,139 (47/63) Median age of housing units .............. 45 years (22/63) o New projects permitted over past five ,years: 2011 2013 2015 2017 2019 — Median Rent - - Median Craigsliist 2021 2023 Asking Rent Single-family homes ......................... Multi -family developments .................... 49 (41/63) 0 (24/63) Median permit processing time ........ 163 days (42/47) Median rent paid as share of income ........ 51.0% (01/63)', Active short-term vacation rentals (STRs) ..... 111 (28/63) Rent burdened (>30% of income) ........... 79.6% (01/63) STR.s as percentage of housing ............... 5.2% (22/63) Severely rent burdened (>50% of income) ... 50.2% (02/63) c 150 e Be 0, Job Access � 10Q s 0 Jobs within 30 minutes by... CO � 50 4 s 10 20 Car ...............1,108 (58/63) � a Transit .............. 61 (54/63) 0 o' 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Honolulu Zip Codes Kauai Zip Codes 80 Kihel 96753 UHERO Demographics (rank) Population ................................. 29,547 (21/63) Median household income ................. $83,322 (34/63) College education rate ...................... 35.1% (22/63) Unemployment rate ..........................6.3% (18/63) Racial shares: Asian....................................20.7% (39/63) Black ..................................... 0.8% (29/63), Hawaiian or Pacific Islander ............... 3.6% (58/63) White ................................... 52.2% (05/63)' Under 18 population share .................. 17.5% (53/63)' Over 65 population share ................... 20.5% (33/63) Zoning Residential land (acres) ........... ......................21295 (26/63) Residents per acre of residential land .................. 12.9 (33/63) Share of residential land zoned multifamily ......... 37.9% (08/63) . Single-family . Multifamily ■ Busxlaas Rental Market Renter share................................38.7% (22/63) Median rent................................$1,886 (18/63) Median asking rent (Craigslist) ............. $2,800 (10/63) 3000 Zi�2000 - - - - �� CC 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 39.0% (10/63) Rent burdened (>30% of income) ........... 63.8% (09/63) Severely rent burdened (>50% of income) ... 35.5% (09/63) Job Access Jobs within 30 minutes by... Cat ............... 42,217 (21/63) TIransit............ 5,011 (15/63) Property Market Owner -occupier share ....................... 61.3% (42/63) Median single-family price..............$1,375,000 (13/63) _Median condominium price ............. $1,177,500 (05/57) i; HERO Repeat Sales Index ................... 474 (23/63) Median monthly owner costs................$2,603 (29/63) '_Median owner costs as share of income ...... 27.1% (21/63) o , soo 0 1000 U tl 500 _. a � 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Single-family home transactions in past ,year...125 (18/63) Out-of-state buyer share ................. 48.0% (06/63) Condominium transactions in past year ........ 674 (03/63) Out-of-state buyer share ................. 44.7% (19/63) 0 U 1000 cC rn n5 500 ^� C a 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock Number of housing units ................... 18,355 (11/63) Median age of housing units .............. 37 ,years (44/63) New projects permitted over past five years: Single-family homes ........................ 221 (11/63) Multi -family developments ................... 93 (02/63) Median permit processing time ........ 250 days (23/47) Active short-term vacation rentals (STRs) ... 4,412 (03/63) STR.s as percentage of housing .............. 24.0% (05/63) 6000 30 3° to �C O :3 4000 20 p F- U) a 2000 N 10 a 0 0 x 2019 2020 2021 2022 2023 e State Counties Big Island Zip Codes Honolulu Zip Codes Kauai Zip Codes Lahaina 96761 Demographics (rank) Population ................................. 23,473 (25/63) Median household income ................. $90,000 (21/63) College education rate ...................... 27.6% (43/63) Unemployment rate .......................... 6.9% (15/63) Racial shares: Asian....................................26.0% (29/63) Black ..................................... 0.2% (46/63)' Hawaiian or Pacific Islander ............... 8.8% (36/63) White ................................... 38.8% (20/63) Under 18 population share .................. 23.3% (17/63) Over 65 population share ................... 16.9% (47/63) Zoning UHERO Property Market 81 Owner -occupier share ....................... 56.0% (50/63) Median single-family price .............. $1,700,000 (07/63) Median condominium price ............... $840,000 (11/57) L HER.O Repeat Sales Index ................... 447 (28/63) Median monthly owner costs................$2,975 (09/63) Median owner costs as share of income ...... 27.1% (21/63) 02000 0 0 1500 1000 4` 500 m 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Residential land (acres) ........... ...................... 1,870 (33/63)Single-family home transactions in past ,year.... 79 (32/63) Residents per acre of residential Out-of-state buyer share ................. 39.2% (11/63) land .................. 12.6 (34/63); Condominium transactions in past year ........ 411 (05/63) Share of residential la d zone ! Out-of-state buyer share ................. 67.4% (08/63) multifamily ......... 19.8%0 (12/M single-family . Mulldamdy c 1000 O . f3usness 750 fu 50o Rental Market - 250 Renter share................................44.0% (14/63) c o Median rent ................................ $1,810 (22/63) 1994 1990 2002 2006 2010 2014 2018 2022 Median asking rent (Craigslist) ............. $3,000 (04/63) — Single Family Homes — Condos 3000 . -' a 2000 Housing Stock � ' 4) l000 Number of housing units ................... 11,730 (24/63) Median age of housing units .............. 43 years (27/63) o New projects permitted over past five years: 2011 2013 2015 2017 2019 2021 2023 Single-family homes ........................ 342 (06/63) — Median Rent - - Median Craigslist Asking Rent Multi -family developments ................... 35 (03/63) Median permit processing time........ 298 days (12/47) Median rent paid as share of income ........ 30.97c (31/63) Active short-term vacation rentals (STRs) ... 4,694 (02/63) Rent burdened (>30% of income) ........... 51.7% (33/63) STRs as percentage of housing .............. 40.0% (03/63) Severely rent burdened (>50% of income) ... 26.2% (29/63) rn 40 c aoco Job Access / cc 30 = i Jobs within 30 minutes by... 2cCC, Car..............17,462 (37/63) a Transit................4 (60/63) c, 2019 2020 2021 2022 2023 O a 20 fo 100 x 0 State Counties Big Island Zip Codes Honolulu Zip Codes Kauai Zip Codes 82 Lanai City 96763 UHERO Demographics (rank) Population .................................. 3,126 (56/63) Median household income ................. $61,884 (57/63) College education rate ...................... 27.8% (42/63) Unemployment rate .......................... 1.4% (62/63) Racial shares: Asian....................................53.4% (07/63) Black.....................................0.0% (55/63) Hawaiian or Pacific Islander..............10.8% (26/63) White ................................... 15.507o (47/63) Under 18 population share .................. 18.9% (43/63) Over 65 population share ................... 22.8% (17/63) Zoning Residential land (acres) ........... ........................167 (59/63)' Residents per acre of residential land .................. 18.7 (20/63) Share of residential land zone multifamily ......... 12.1% (20/63 Single-family ■ Muhdamllq ■ Business Rental Market Renter share................................44.5% (12/63) Median rent................................$1,049 (57/63). Median asking rent (Craigslist) ............. $1,858 (50/63) 3000 4 2000 ¢ 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 17.3% (62/63)', Rent burdened (>30% of income) ........... 15.8% (63/63) Severely rent burdened (>50% of income) .... 9.5% (60/63) Job Access Jobs within 30 minutes by... Car...............11283 (57/63) Transit ............. 711 (32/63) Property Market Owner -occupier share ....................... 55.5% (52/63) Median single-family price................$720,000 (49/63) Median condominium price...............$760,000 (19/57) UHERO Repeat Sales Index...................467 (26/63) Median monthly owner costs................$1,950 (52/63) Median owner costs as share of income...... 19.5% (61/63) CO 1500 0 Iwo d o 1994 1998 2002 2006 2010 2014 2018 2022 Single Family Homes — Condos Single-family home transactions in past ,year .... 13 (57/63) Out-of-state buyer share ................. 15.4% (42/63) Condominium transactions in past year .......... 7 (48/63) Out-of-state buyer share ................. 28.6% (28/63) c 200 0 150 M loo M 50 a 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock Number of housing units.....................1,563 (52/63) Median age of housing units .............. 45 ,years (22/63) New projects permitted over past five years: Single-family homes ......................... 62 (37/63) Multi -family developments .................... 0 (24/63) Median permit processing time ........ 244 days (25/47) Active short-term vacation rentals (STRs) ...... 10 (59/63) STRs as percentage of housing ............... 0.7% (46/63) 1s , w 20 a 0 1.0 a F m U) ID 7 c0i 0 0.0'� 2019 2020 2021 2022 2023 m State Counties Big Island Zip Codes Honolulu Zip Codes Kauai Zip Codes Pukalani 96768 Demographics (rank) Population ................................. 18,497 (29/63)' Median household income................$101,070 (11/63)' College education rate ...................... 33.4% (27/63) Unemployment rate .......................... 3.2% (55/63) Racial shares: Asian....................................24.6% (33/63)'. Black ..................................... 0.4% (40/63) Hawaiian or Pacific Islander ............... 9.2% (34/63) White ................................... 35.5% (23/63) Under 18 population share .................. 19.7% (39/63) Over 65 population share ................... 18.5% (41/63)' Zoning Residential land (acres) ........... ......................1,151 (39/63)' Residents per acre of residential land .................. 16.1 (27/63), Share of residential land zone multifamily ........... 4.4% (29/63)' .m Single-family. MuNlfamily . Bus.res Rental Market Renter share................................31.9% (37/63)'' Median rent ................................ $1 684 (29/63) Median asking rent (Craigslist) ............. $2,600 (14/63)', 3000 Zi'2000 - - - - ' c ¢ 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 28.0% (47/63) Rent burdened (>30% of income) ........... 45.7% (47/63) Severely rent burdened (>50% of income) ... 24.1% (34/63) Job Access Jobs within 30 minutes by... Car..............36,015 (25/63) Transit ............. 412 (38/63) W--" Analvtics Property Market Owner -occupier share ....................... 68.1% (27/63) Median single-family price ................ $903,007 (38/63) Median condominium price.............$1,055,000 (08/57) UHER.O Repeat Sales Index ................... 356 (53/63) Median monthly owner costs................$2,652 (24/63) Median owner costs as share of income ...... 24.5% (48/63) 0 1500 _o I000 a� U a. 500 a 0 1994 1998 2002 2006 2010 2014 2018 2022 -- Single Family Homes — Conchs Single-family home transactions in past year .... 73 (33/63) Out-of-state buyer share ................. 20.5% (32/63) Condominium transactions in past year ......... 42 (32/63) Out-of-state buyer share ................. 40.5% (22/63) O 200 I50 100 \V! C so c a 0 1994 1998 2002 2006 2010 2014 2018 2022 - Single Family Homes — Condos Housing Stock Number of housing units.....................6,613 (31/63) Median age of housing units .............. 42 years (29/63) j New projects permitted over past five years: Single-family homes ........................ 174 (17/63) Multi -family developments .................... 1 (20/63) Median permit processing time ........ 180 days (39/47) Active short-term vacation rentals (STRs) ...... 39 (47/63) STRs as percentage of housing ............... 0.6% (50/63) 0 as A 0.6o � x H 0.4 20 (G 0.2 (n a 0 0.0 2019 2020 2021 2022 2023 84 State Counties Big Island Zip Codes Honolulu Zip Codes Kauai Zip Codes Pa`ia 96779 Demographics (rank) Population .................................. 2,579 (59/63) Median household income ................ $113,025 (06/63) College education rate ...................... 35.7% (21/63) Unemployment rate .........................10.1% (08/63) Racial shares: Asian....................................14.0% (50/63) Black.....................................0.0% (55/63) Hawaiian or Pacific Islander..............17.6% (10/63) White ................................... 50.8% (06/63) Under 18 population share .................. 17.8% (52/63) Over 65 population share ................... 14.7% (55/63) Zoning Residential land (acres) .. ........................286 (58/63) " Residents per acre of residential land....................9.0 (38/63)'' Share of residential land zone multifamily ........... 0.4% Single-family■ Muhdamily . Business Rental Market Renter share................................30.7% (40/63) Median rent ............................. ...$2,271 (07/63) Median asking rent (Craigslist) ............. $3,000 (04/63) 4000.000 4; 2666.667 c Cr 1333,333 0.000 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 27.7% (49/63) Rent burdened (>30% of income) ........... 43.6% (52/63) Severely rent burdened (>50% of income) ... 35.4% (10/63) Job Access Jobs within 30 minutes Car..............40,031031 (23/63) T�ransit............ 1,279 (25/63) A*T FAnalytic Property Market Owner -occupier share ....................... 69.3% (24/63) Median single-family price................$978,327 (29/63) Median condominium price...............$800,000 (15/57) UHER.O Repeat Sales Index...................534 (15/63) Median monthly owner costs................$2,631 (26/63) Median owner costs as share of income ...... 27.1% (21/63) 0 0 1 Soo 1000 a` ro 500 a 0 1994 1998 2002 2006 2010 2014 2016 2022 — Single Family Homes — Condos Single-family home transactions in past ,year .... 26 (51/63) Out-of-state buyer share ................. 23.1% (29/63) Condominium transactions in past year ......... 13 (42/63) Out-of-state buyer share ................. 15.4% (40/63) 200 O 150 C 0 too a 0 1994 1998 2002 2006 2010 2014 2018 2022 — Single Family Homes — Condos Housing Stock Number of housing units.....................1,118 (60/63) Median age of housing units .............. 39 years (42/63) New projects permitted over past five years: Single-family homes ......................... 19 (56/63) Multi -family developments .................... 0 (24/63) Median permit processing time ........ 228 days (30/47) Active short-term vacation rentals (STRs) ...... 97 (31/63) STRs as percentage of housing ............... 8.7% (14/63) y o 100 9 0 � x 0 V� 50 > 3� a 0 0 0 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Honolulu Zip Codes Kauai Zip Codes I bo Kula 96790 UHERO 85 Demographics Property Market (rank) Population .................................. 9,375 (36/63) Owner -occupier share ....................... 68.7% (25/63) Median household income ................. $87,262 (23/63) Median single-family price.............. $1,450,000 (12/63) College education rate ...................... 38.5% (16/63) Median condominium price ............. $1,337,500 (04/57) Unemployment rate .......................... 6.8% (16/63) UHER.O Repeat Sales Index ................... 413 (40/63) Racial shares: Median monthly owner costs ................ $3,039 (08/63) Asian .................................... 15.4% (47/63) Median owner costs as share of income ...... 29.2% (11/63) Black .................................... 0.1% (53/63) Hawaiian or Pacific Islander..............13.0% (18/63) 0 1500 _o White ................................... 48.4% (07/63) v'Iwo Under 18 population share .................. 21.7% (30/63) Over 65 population share ................... 20.7% (31/63) 500 m d 0 Zoning 2 1994 1998 2002 2005 2010 2014 2018 2022 — Single Family Homes — Condos Residential land (acres) ........... .............. ( 63 / ) Single-family home transactions in past ,year .... 55 (36/63) Residents per acre of residen ia1Out-of-state buyer share ................. 21.8% (31/63) land .................. 73.0 (02/63)I Condominium transactions in past year......... 18 (39/63) s multifamily ofresidential Oland 42 63 Out-of-state buyer share ................. 27.8% (30/63) ........... ( / S,ngie•tam,ty a 200 0 ■ Busmess 150 y c a 100 Rental Market so Renter share................................31.3% (39/63), a 0 Median rent ................................ $1,719 (28/63) 1994 1998 2002 2006 2010 2014 2018 2022 Median asking rent (Craigslist) ............. $2,300 (27/63) — Single Family Homes — condos 3000 �, 2000 c cr 1000 0 2011 2013 2015 2017 2019 2021 2023 — Median Rent - - Median Craigslist Asking Rent Median rent paid as share of income ........ 34.8% (17/63) Rent burdened (>30% of income) ........... 63.2% (11/63) Severely rent burdened (>50% of income) ... 33.9% (14/63) Job Access Jobs within 30 minutes by... Car..............17,566 (35/63) Transit ............ 1,492 (24/63) Housing Stock Number of housing units.....................3,573 (37/63) Median age of housing units .............. 40 years (36/63) New projects permitted over past five years: Single-family homes ........................ 160 (20/63) Multi -family developments .................... 0 (24/63) Median permit processing time ........ 180 days (40/47) Active short-term vacation rentals (STRs) ...... 28 (53/63) STRs as percentage of housing ............... 0.8% (45/63) 1.25 40 OR 1.000� 0.750 0 20 0.50 025 Cl) a � 0 0.00',7 2019 2020 2021 2022 2023 State Counties Big Island Zip Codes Honolulu Zip Codes Kauai Zip Codes ' Wailuku 96793 UHERO m Demographics Property Market (rank) Population ................................. 32,749 (18/63) Owner -occupier share ....................... 70.5% (19/63) Median household income ................. $96,695 (16/63) Median single-family price ................ $885,000 (40/63) College education rate ...................... 26.6% (45/63) Median condominium price ............... $650,000 (29/57) Unemployment rate .......................... 4.9% (33/63) UHERO Repeat Sales Index ................... 406 (41/63) Racial shares: Median monthly owner costs................$2,378 (40/63) Asian .................................... 32.8% (23/63) Median owner costs as share of income ...... 25.5% (38/63) Black .................................... 1.5% (16/63) o ,soo Hawaiian or Pacific Islander..............15.0% (15/63) o White ................................... 19.3% (44/63) =',000 Under 18 population share .................. 25.0% (12/63) °; Over 65 population share ................... 16.4% (49/63) 500 Zoning° � lead 1996 2002 Zoos 2010 2014 2016 2022 -- Single Family Homes — Condos Residential land (acres) ........... ...................... 11077 (40/63) Single-family home transactions in past year... 126 (17/63) Residents per acre of residential Out-of-state buyer share ................. 15.1% (44/63) land .................. 30.4 (09/63), Condominium transactions in past year ........ 141 (19/63) Share of residential land zoned; Out-of-state buyer share ................. 40.4% (23/63) multifamily ........... 3.4% (30/63) single4amily ■ Mum mily C 400 ■ eusmass 300 N C _. 200 Rental Market ,00 Renter share................................29.5% (45/63) a ° Median rent ................................ $1,531 (37/63) 1994 1998 2002 2006 2010 2014 2018 2022 Median asking rent (Craigslist) ............. $2,600 (14/63) — Single Fe" Homes — condos 3000 2000 _ _ - - - - " Housing Stock ,000 Number of housing units ................... 11,119 (25/63) cc Median age of housing units .............. 33 years (50/63) ° New projects permitted over past five years: 2011 2013 2015 2017 2019 2021 2023 Single-family homes ........................ 473 (05/63) — Median Rent - - Median Craigslist Asking Rent Multi -family developments .................... 9 (09/63) Median permit processing time ........ 127 days (44/47) Median rent paid as share of income ........ 35.4% (14/63) Active short-term vacation rentals (STRs) ..... 472 (10/63) Rent burdened (>30% of income) ........... 60.2% (16/63)STR.s as percentage of housing 4.2% 25 63 Severely rent burdened (>50% of income) ... 31.6% (17/63) 0 - = 400 0 Job Access 30 F- m Jobs within 30 minutes by... ; zcc 2`° Car..............38,955 (24/63) a Transit .......... 10,878 (12/63) 0 0'r 2019 2020 2021 2022 2023 UH_'_�� THE ECONOMIC RESEARCH ORGANIZATION AT THE UNIVERSITY OF HAWAI`I UHERO THANKS THE FOLLOWING Chamber of Commerce SUPPORTERS: Halekulani Corporation Hawaii Gas KA WEKIU - THE TOPMOST SUMMIT Bank of Hawaii DGM Group First Hawaiian Bank Hawaii Business Roundtable Hawaii Community Foundation HMSA Kamehameha Schools Queen's Health Systems KILOHANA -A LOOKOUT, HIGH POINT American Savings Bank Benjamin Godsey Castle Foundation Central Pacific Bank D.R. Horton First Insurance Company of Hawaii, Ltd. Hawaii Pacific Health Hawaiian Airlines Hawaiian Electric Industries Island Holdings, Inc. Matson Stanford Carr Development KUAHIWI -A HIGH HILL, MOUNTAIN Alexander & Baldwin Better Homes and Gardens Real Estate Advantage Realty Castle & Cooke Hawaii Hawaii Hotel Alliance Hawaiian Dredging Construction Company HGEA Honolulu Board of Water Supply The Howard Hughes Corporation HPM Building Supply Kaiser Permanente Hawaii Nordic PCL Construction Servco Pacific, Inc. United Public Workers ADDITIONAL SUPPORTERS Architects Hawaii, Ltd. Charles Wathen Company (Pier Investments) Chartwell Financial Advisory Finance Factors Foodland Super Market, Ltd. The Hawaii Laborers & Employers Cooperation and Education Trust Fund Hawaii National Bank Hawaii Tourism Authority HC&D, LLC Honolulu Board of Realtors The Natural Energy Laboratory of Hawaii Authority Pacific Cost Engineering The Pacific Resource Partnership Trinity Investments Kulia I Ka Nuu (literally "Strive for the summit") is the value of achievement, those who pursue personal excellence. This was the motto of Hawaii's Queen Kapiolani. Supporters help UHERO to continually reach for excellence as the premier organization dedicated to rigorous, independent economic and policy research on issues that are both central to Hawaii and globally relevant. Over its more than twenty year history, UHERO research has informed decision making on some of the most important issues facing our community, including the ever -changing economic outlook, challenges to our environment, and policies affecting water, housing, energy, and many other areas. Contributions from generous supporters like you make it possible for UHERO to fulfill this mission. Your financial commitment also allows us to distribute UHERO forecast reports to all Hawaii stakeholders.