Rent to own Homes in Makakilo, HI
Living in paradise is almost anybody's dream, but most assume that it's impossible due to costs. However, living in a dream world without breaking the bank could be done in Makakilo on the Hawaiian island of Oahu. This small and quaint neighborhood is ideal for those wanting to take up more outdoor activities while enjoying the good life with all kinds of amenities.
Makakilo, HI is a great place for affordable rent-to-own homes! With a median household income of over $111,036 and a median rent of $1,882, the Makakilo, HI rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Makakilo, HI. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Makakilo, HI Property Resources
Rent to own Homes in Cities Near Makakilo, HI
- Ahuimanu
- Aiea
- East Honolulu
- Ewa Beach
- Ewa Gentry
- Ewa Villages
- Halawa
- Hauula
- Heeia
- Helemano
- Hickam Housing
- Iroquois Point
- Kaaawa
- Kahaluu
- Kalaeloa
- Kaneohe
- Kaneohe Base
- Kaneohe Station
- Kapolei
- Ko Olina
- Laie
- Maili
- Makakilo
- Maunawili
- Mililani
- Mililani Mauka
- Mililani Town
- Nanakuli
- Ocean Pointe
- Pearl City
- Punaluu
- Royal Kunia
- Schofield Barracks
- Tripler Army Medical Center
- Urban Honolulu
- Wahiawa
- Waiahole Waikane
- Waianae
- Waikane
- Waikele
- Waimalu
- Waimanalo
- Waimanalo Beach
- Waipahu
- Waipio
- Waipio Acres
- West Loch Estate
- Wheeler AFB
- Wheeler Army Airfield
- Whitmore Village
Neighborhoods in Makakilo, HI
Makakilo - Kapolei - Honokai Hale rent to own homesPopular Zip Codes in Makakilo, HI
96707 rent to own homesBuying a Home in Makakilo, HI
Makakilo, HI is seeing rapid growth and Makakilo, HI's' housing market remains not optimal with an average home price that is 193% above the 2024 national average. Makakilo, HI is part of Honolulu county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Honolulu is 0.28% which is below the national average, which is 0.99%.
Median Home Price in Makakilo, HI
Median Rent in Makakilo, HI
Top Reasons to Live in Makakilo, HI
Affordable homes for a steal - Those looking for rent to own homes on Oahu on the cheap have come to the right place. In 2012, the median house price in Makakilo was $441,480, which was slightly below the state average of $496,600. This means you'll have more money in your pocket to spend on some new outdoor gear!
Food for every palate - Despite the contrary, residents of Makakilo don't have luaus every night. Instead they hit up restaurants in their neighborhood like the rest of us. Some of their favorites include the Hawaiian-centric Plantation Tavern (recommended are the spam fries and poke nachos), the Laotian haunt Thai Lao, Japanese noodle joint Daiichi Ramen, and ONO Steak and Shrimp for fancier dinner dates.
Access to waters of all kind - If you're looking to have property that is accessible to the ocean, look no further than Makakilo. Beaches like Waimea Bay and Pupukea are about a mile from the heart of town, so catching some waves and rays is an easy feat to accomplish. If you're looking for an activity more kid-friendly, Wet 'N Wild Hawaii is the state's only water park with over 25 rides and attractions.
Bike-friendly - Since the town is so close to Wai'anae Mountains, riding around the slopes is one of the best activities for Makakilo residents. If you're looking to get competitive with your peers, Camp Timberline hosts a variety of downhill racing competitions, including Tiki Man Downhill, all year. Time to put on your game face.
Close to necessary amenities - Since the area is only about 3.8 square miles, Makakilo is a relatively small neighborhood. Having said that, having access to the Interstate H-1 freeway and Farrington Highway makes it extremely easy to get everything you need. From the roads, residents can get to any of Honolulu County's 195 grocery stores, nine super centers, 267 convenience stores, and 734 restaurants if time is reserved to get errands done.