For six years of my staying here in Pearl City Hawaii, I am always aware that one of the most booming businesses in our city is house rentals for tourists. There is big income from this kind of business because almost all throughout the year, there are many vacationers staying here. To feel the nature more and to feel the real Pearl City living, these travelers choose to rent houses near the beach over hotel rooms. Also, many rich people want to own vacation houses in our city and these demands make houses and lots considerably expensive.
How much would it cost if a person wants to own a house in Pearl City? According to the 2012 census reported by the Pearl City news, the average price of a house in our city was around $575,500. It’s really a high home price compared to other places in Hawaii and in other US states.
In a typical household, there are around 4 to 5 persons in a house, however its average is about 3.1. During important Pearl City events, almost all the people for each household are cooperating and joining. This is what we are doing, making interesting Pearl City events to keep the Pearl City living active. However, I’ve come to realize that some of these people I always encounter are not fully residents of our municipality. According again to the census from the Pearl City news, 71.3% of our neighborhood owns their house while 28.7% is only renters. Maybe they only rent because it costs too much to buy a house here.
For people who have house rental business for tourists, some of them also own the house while others are also renting. Whichever, both renting and owning a house in our city is comparatively expensive.
On the other hand, the portion of occupied houses is really large compared with the vacant ones. Those vacant units are usually for rent, for sale, or just seasonally occupied.
For those who want to purchase a house in our city, a mortgage calculator is available so they can compute the payments they need to make, including the total interest and monthly payment.
Even if the housing in our city is expensive, we can make sure that those who plan to buy a property here will be in good hands. If the house will be used for business, there is surely a great income. And if it is for staying here for good, I can confidently say that it is worth it.