Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Housing Market Overview
| Metric | Ewa Gentry | Hawaii Avg | US Average |
|---|---|---|---|
| Median Home Price | $488,826 | $555,557 | $242,182 |
| Price Trend (Annual %) | 34.5% | 2.3% | 8.2% |
| Median Gross Rent | $2,488 | $1,937 | $1,342 |
| Rent Trend (Annual %) | 4.5% | 4.2% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Ewa Gentry is about 12% lower than in Hawaii. Rent is about 28% higher than the Hawaii average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Ewa Gentry, up about 34.5% and 4.5% a year respectively. Home prices are changing faster.
Median rent in Ewa Gentry rose about 39.1% between 2015 and 2023, from $1,789 to $2,488. Over the same span, rent in Hawaii rose about 34.7%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Ewa Gentry.
Buying the median-priced home in Ewa Gentry costs roughly 16.4 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Ewa Gentry. The price-to-rent ratio in Hawaii is about 23.9.
| Metric | Ewa Gentry | Hawaii Avg | US Average |
|---|---|---|---|
| Median Home Price | $488,826 | $555,557 | $242,182 |
| Median Household Income | $128,833 | $98,332 | $78,145 |
| Price-to-Income Ratio | 3.8 | 5.6 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Ewa Gentry rose about 114.9%, while median household income rose about 69.1% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Ewa Gentry | Hawaii Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 74.8% | 54.1% | 58.2% |
| Rental Rate | 21.9% | 32.5% | 31.3% |
| Vacancy Rate | 3.3% | 13.4% | 10.6% |
| Median Tenure (years) | 13.0 | 17.0 | 15.0 |
| Median Year Moved In | 2013 | 2009 | 2011 |
Ewa Gentry has a homeownership rate of 74.8%, higher than the Hawaii average of 54.1%. Its housing vacancy rate is 3.3%, compared with 13.4% in Hawaii.
Housing Stock
| Metric | Ewa Gentry | Hawaii Avg | US Average |
|---|---|---|---|
| Average Household Size | 3.30 people | 2.87 people | 2.54 people |
| Median Structure Built Year | 2000 | 1981 | 1978 |
| Median Number of Rooms | 4.9 | 4.7 | 5.5 |
The typical housing unit in Ewa Gentry was built around 2000. On average, 3.3 people live in a home with about 4.9 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Ewa Gentry, Hawaii.
What is the median home price in Ewa Gentry, Hawaii?
The median home price in Ewa Gentry, Hawaii is $488,826, lower than the Hawaii average of $555,557.
What is the average home price in Ewa Gentry, Hawaii?
The typical home price in %s, reported as the median sale price, is %s. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Ewa Gentry, Hawaii?
The median gross rent in Ewa Gentry, Hawaii is $2,488 per month, higher than the Hawaii average of $1,937.
What was the median gross rent in Ewa Gentry in 2020?
In 2020, the median gross rent in Ewa Gentry, Hawaii was $1,929 per month.
What is the price-to-rent ratio in Ewa Gentry, Hawaii?
The price-to-rent ratio in Ewa Gentry, Hawaii is about 16.4, meaning it would take roughly 16.4 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Ewa Gentry.
Are home prices or rent rising faster in Ewa Gentry, Hawaii?
Both home prices and rent are rising in Ewa Gentry, up about 34.5% and 4.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Ewa Gentry, Hawaii?
74.8% of households in Ewa Gentry, Hawaii own their home, higher than the Hawaii average of 54.1%.
What is the vacancy rate in Ewa Gentry, Hawaii?
The housing vacancy rate in Ewa Gentry, Hawaii is 3.3%, lower than the Hawaii average of 13.4%.