Honolulu Ranks 26th Best Place to Live in the United States
U.S. News recently ranked Honolulu as the 26th best place to live in the United States. Honolulu scored 6.8 out of 10. Here's how Honolulu scored in each category:
Desirability – 10 out of 10
Value – 5.2 out of 10
Job Market – 7.5 out of 10
Quality of Life – 6.3 out of 10
Net Migration – 6.2 out of 10
Despite rising cost of living, the demand to live in metro Honolulu is still growing. According to the Honolulu Board of REALTORS®, the median price for a single family home in January 2016 was $733,500. This was a new single-month high.
It’s often said that Oahu is experiencing a housing crisis. New developments like Ke Kilohana, 803 Waimanu, and 690 Pohukaina have created a lot of interest since they are classified as affordable housing. Although these projects are years away from being completed, there’s still an ongoing debate on how we can create more affordable housing and rentals right now.
Being a “local boy”, I’m proud that Honolulu made this list. However, on a professional level, I’m often strategizing on how I can get my first-time homebuyers into this competitive real estate market.
Sources: U.S. News and HiCentral.com
Disclaimer: This is a personal blog. Ryan Oda (#RS-75450) is a licensed real estate salesperson with Benn Pacific Group, Inc (#RB-19423). The opinions expressed here represent my own and not those of Benn Pacific Group, Inc., its agents, and or its affiliates. My thoughts and opinions can change over time. This blog is intended to provide a semi-permanent snapshot of a selection of various thoughts and opinions that may not be the same, or even similar, to those I may hold today.
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