Rent to own Homes in Waimalu, HI
A tropical resort destination, Waimalu offers visitors a relaxed atmosphere to golf, hike and surf. Located in the City and County of Honolulu on the island of Oahu, the town is mainly a residential neighborhood. The town shares the Honolulu metropolitan area and offers visitors a rich history, amazing cultural cuisine and fantastic real estate investments. Waimalu's proximity to Honolulu attracts regular tourists, which enhances its economy.
Waimalu, HI is a great place for affordable rent-to-own homes! With a median household income of over $75,560 and a median rent of $1,760, the Waimalu, 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 Waimalu, 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 Waimalu, HI Property Resources
Rent to own Homes in Cities Near Waimalu, 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 Waimalu, HI
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Waimalu, HI is seeing rapid growth and Waimalu, HI's' housing market remains not optimal with an average home price that is 109% above the 2024 national average. Waimalu, 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 Waimalu, HI
Median Rent in Waimalu, HI
Top 4 Reasons to Live in Waimalu, HI
Handsome, high-value homes! The demand for attractive homes increased home values in the neighborhood. The town's median house price went up 3.9 percent since last year, and condos experienced an even steeper rise in value -- 5.8 percent over the previous year. Aiea Heights Drive, adjacent to Queen Liliuokalani Freeway, and townhomes on Waimano Home Road are two neighborhoods where buyers can snag a great deal. Rent to own homes, which form part of the market inventory, appeal to young home buyers and seasonal visitors.
Vacation and rental homes at all price points! Visitors expect relaxing accommodations with flexible leasing terms in Waimalu's resort town; they get all this and more for a reasonable price! Vacation homes with a panoramic view of Pearl Harbor are offered in areas along Moanalua Road. For yearly residential leases, Pearl City, off Kaorchi Street, is worth a visit. Visitors will have no problem finding a dream rental due to the 10.5 percent vacancy rate. For affordable rentals, look in neighborhoods that absorb state taxes on leasing contracts, such as the general excise tax at 4.5 percent.
Wholesome organic produce! For healthy and delicious varieties of fresh goods, check out Pearl Ridge Farmers Market in Pali Momi, near Ailea. Unusual picks include Kahuku sea asparagus, Okinawan sweet potatoes and ocean pesto. While in the area, stop by Uncle's Hawaiian Organics in Aloha Stadium Marketplace, which offers delicious, baked vegan goods, like banana bread and mango cheesecake.
Invigorating outdoor activities! Waimalau has over a dozen parks and country clubs, beaches and hiking trails for plenty of outdoor fun. Pearl Country Club on Kaonohi Street has miles of golf courses and park facilities open to the public. Nearby, Pearl Ridge Community Park on Puaapiki Street offers several sporting opportunities to soak in the sunshine. A public tennis location, there are six public tennis courts that are lighted, so you can continue your tennis matches well into the night.