Discover the Hidden Gem of Oahu Universities: Top Real Estate Spots Near Campus
oahu real estate near universities
Table of Contents
Quick Facts | Oahu Real Estate Near Universities | Benefits of Living Near a University | Universities on Oahu | Oahu Real Estate Trends Near Universities | Frequently Asked Questions | Resources & Links | For Buyers & Sellers
Quick Facts
- The University of Hawaii at Manoa is a major driver of demand for Oahu real estate, with many students and faculty seeking housing in nearby neighborhoods.
- The median sales price of single-family homes near the University of Hawaii at Manoa is around $900,000.
- Rentals near Oahu’s universities, such as the University of Hawaii at Manoa and Hawaii Pacific University, can range from $1,500 to $3,000 per month for a one-bedroom apartment.
- The neighborhoods of Manoa, Makiki, and McCully are popular with students and faculty due to their proximity to the University of Hawaii at Manoa.
- Hawaii Pacific University’s downtown Honolulu location means that students often seek housing in nearby neighborhoods such as Chinatown, Kaka’ako, and Nuuanu.
- The demand for housing near Oahu’s universities can be high, with some rentals being snapped up quickly, often within days of being listed.
- Investors often purchase properties near Oahu’s universities to rent out to students, with some achieving gross rental yields of 5-7% per annum.
- New developments, such as those in the Kaka’ako neighborhood, are providing modern housing options for students and young professionals near Hawaii Pacific University and the University of Hawaii at Manoa.
- The Oahu real estate market near universities can be competitive, with multiple offers on properties being common, especially during peak rental seasons.
- Proximity to public transportation, such as TheBus and the future Honolulu Rail Transit system, is an important consideration for students seeking housing near Oahu’s universities.
Oahu Real Estate Near Universities: A Smart Investment for Students and Investors Alike
Oahu, home to some of Hawaii’s most prestigious universities, offers a unique opportunity for students, parents, and investors to capitalize on the thriving real estate market near its esteemed institutions of higher learning. With a steady demand for housing and a limited supply of available properties, Oahu real estate near universities presents a smart investment strategy for those looking to generate passive income or own a piece of paradise.
Benefits of Living Near a University
The benefits of living near a university include:
| Benefit | Description |
|---|---|
| Convenience | Close proximity to campus, reducing transportation costs and increasing productivity |
| Community | Being part of a vibrant, diverse community of students, faculty, and staff |
| Amenities | Access to university facilities, such as libraries, gyms, and recreational spaces |
| Networking | Opportunities to connect with professors, peers, and alumni, potentially leading to internships or job opportunities |
| Appreciation | Real estate values tend to appreciate near universities, making it a solid long-term investment |
Universities on Oahu
The University of Hawaii at Manoa, Hawaii Pacific University, and Chaminade University of Honolulu are some of the top universities on the island. Each university has its own unique characteristics, offerings, and location.
The University of Hawaii at Manoa is one of the top universities in the Pacific, situated in the heart of Honolulu. With over 20,000 students enrolled, the demand for housing is high, driving up the value of surrounding real estate.
Hawaii Pacific University is a private institution located in Honolulu’s downtown area, attracting students from around the world. With a growing student body and limited housing options nearby, properties near HPU have seen a significant increase in value.
Chaminade University, a private Catholic institution, is located in the heart of Kaimuki. With a smaller student body compared to UH Manoa or HPU, properties near Chaminade offer a more affordable option for investors and students alike.
Oahu Real Estate Trends Near Universities
The Oahu real estate market near universities is characterized by:
- Limited supply: A shortage of available properties drives up demand and prices.
- High demand: Students, professors, and staff create a consistent demand for housing.
- Appreciation: Real estate values tend to appreciate near universities, making it a solid long-term investment.
Investing in Oahu Real Estate Near Universities: A Smart Move
With a thriving real estate market, limited supply, and high demand, investing in Oahu real estate near universities presents a smart opportunity for students, parents, and investors alike. By understanding the benefits of living near a university, researching neighborhoods, and capitalizing on the student rental market, you can make a savvy investment that generates passive income and appreciates in value over time.
Contact us at Hawaii Elite Real Estate (808-866-6593) to learn more about the Oahu real estate market near universities and how we can help you find the perfect property to fit your needs and budget.
Frequently Asked Questions:
- Q: What are the best universities on the island of Oahu?
- A: The University of Hawaii at Manoa, Hawaii Pacific University, and Chaminade University of Honolulu are some of the top universities on the island.
- Q: What are the popular neighborhoods to live near universities on Oahu?
- A: Some popular neighborhoods to live near universities on Oahu include Manoa, Moiliili, Kapalama, and Honolulu’s Kakaako neighborhood.
- Q: What kind of housing options are available near universities?
- A: You can find a range of housing options near universities, including single-family homes, condos, apartments, and townhouses.
- Q: How close is public transportation to universities?
- A: Public transportation options are available near universities, including buses and shuttles. The University of Hawaii at Manoa has its own bus system, and buses regularly travel through the neighborhoods surrounding the universities.
- Q: Are there any neighborhoods that are more affordable near universities?
- A: Yes, some neighborhoods near universities like Salt Lake and Honolulu’s suburb of Kalihi are generally more affordable than others like Manoa and Kapalama.
- Q: Can I find rental properties near universities that are student-friendly?
- A: Yes, many landlords and property managers offer student-friendly amenities and services, such as utilities included in the rent and flexible lease terms.
- Q: Are there any tax benefits to living near universities?
- A: Lower property taxes may be available to homeowners who live in neighborhoods with high student populations, making these areas more attractive to those looking to invest in real estate.
- Q: Can I find vacation rentals near universities?
- A: Yes, many short-term vacation rentals are available near universities, making it easy to find a place to stay for a short period of time while visiting the area.
Resources & Links
For more information on Oahu real estate near universities, please visit the following links:
- Foreclosures near Oahu Universities
- University Housing in Oahu
- Oahu Homes near Universities (>$200k)
- Honolulu Housing Market Overview
- Oahu Real Estate near Schools
For Buyers & Sellers
As a homebuyer or seller, Oahu real estate near universities is an attractive option, offering a unique blend of affordability, convenience, and lifestyle benefits. This sector of the market attracts a diverse range of buyers, from students to young professionals and families.
The impact on homebuyers includes:
- Affordability: Properties near universities are often priced lower than those in other areas of Oahu, making them more accessible to first-time homebuyers, students, and young couples.
- Convenience: The proximity to educational institutions creates a seamless lifestyle, with amenities like public transportation, dining options, and grocery stores within walking distance.
- Community: Neighborhoods surrounding universities often have a thriving atmosphere, with events, cultural activities, and a sense of community, making it easier for newcomers to integrate.
- Long-term value: Investing in a property near a university can provide a stable long-term investment, as the demand for housing near educational institutions tends to remain high.
The impact on home sellers includes:
- Rental income potential: For sellers, renting out their properties near universities can yield higher rental income due to the high demand from students and young professionals.
- Fast appreciation: Properties in these areas tend to appreciate faster, making them attractive investment opportunities for developers and landlords.
- Competitive edge: Homes near universities often have a unique selling point, setting them apart from other properties on the market and attracting buyers looking for a convenient lifestyle.
