14 properties · Hokowhitu, Palmerston North

Memorial Drive, Hokowhitu

Memorial Drive in Hokowhitu has 14 properties, valued by the council between $360,000 and $1,610,000 with a median of $1,235,000 (Hokowhitu: $720,000). Most of its homes were built in the 2020s. We estimate its homes at a median $1,210,000. 4 sold in the last twelve months, for a median $882,500. The highest sale in 2026 was 31 Memorial Drive, at $1,285,000.

$1.24mmedian council valuation
$1.21mour median estimate
$883kmedian sale, last 12 months · 4 sales
2020median year built
Palmerston NorthHokowhitu ×Memorial Drive ×

14 properties on Memorial Drive, Hokowhitu

Highest and lowest on Memorial Drive

Highest-valued home34 Memorial Drive$1,610,000council valuation · 294 m² floor · 538 m² land
Lowest-valued home27 Memorial Drive$360,000council valuation · 293 m² land
Highest sale in 202631 Memorial Drive$1,285,000sold 11 Feb 2026 · 400 m² land

Property values on Memorial Drive

The council values Memorial Drive's 14 rated properties between $360,000 and $1,610,000. The middle half sit between about $766,000 and $1,359,500; the median is $1,235,000 and the mean $1,058,214.

Lowest: $360k$360kLowest10%: $386k20%: $447k20%30%: $1.08m40%: $1.17m40%Median: $1.24m60%: $1.26m60%70%: $1.34m80%: $1.38m80%90%: $1.43mHighest: $1.61m$1.61mHighest

Council rating valuations: the council's figure for apportioning rates, not a market appraisal.

Memorial Drive compared with Hokowhitu

Memorial Drive's median council value is 72% above Hokowhitu's.

Memorial DriveHokowhituPalmerston North
Median council value$1.24m$720k$610k
Median sale, last 12 months$883k$741k$625k
Sold in the last 12 months21.4%4.8%4%
Time between sales2.9 yrs7.8 yrs7.8 yrs
Median section436 m²653 m²678 m²
Median year built202019601970
Council value per m² of floor$6k$5k$4k

Memorial Drive house prices over time

Median sale price by year; 2026 is the year so far. A year with fewer than two sales has no bar.

2020: too few sales to say (1 sale)20202021: $498k (6 sales)$498k20212022: $575k (2 sales)20222023: $540k (6 sales)20232024: $1.37m (3 sales)$1.37m20242025: $1.34m (2 sales)20252026: $480k (3 sales, this year so far)$480k2026
Sales by year as a table
YearSalesMedian pricePer m² floor
20263$480,000—
20252$1,345,000$6,992
20243$1,370,000$6,644
20236$540,000$2,983
20222$575,000$2,222
20216$497,500$2,463
20201$600,000$3,125

Recent sales on Memorial Drive

The homes on Memorial Drive

Memorial Drive has 10 houses and 4 sections. Most were built in the 2020s (100%).

How long owners stay on Memorial Drive

Homes on Memorial Drive that resold in the last five years had been held a median 2.9 years (Hokowhitu: 7.8 years).

Time between a home's sales, for 8 resales in the last five years. A home not sold since our records begin is not counted, so owners who stay longest are under-represented.

Building and resource consents on Memorial Drive

5resource consents in the last 5 years
  • 31 Memorial Drive20 Feb 2024 · Resource consentConstruction of dwelling unable to comply with site coverage, onsite a Construction of dwelling unable to comply with site coverage, onsite amenity
  • 34 Memorial Drive3 Oct 2023 · Resource consentConstruction of dwelling in Hokowhitu Residential Area
  • 34 Memorial Drive18 Aug 2023 · Resource consentDEEMED PERMITTED Boundary Activity
  • 42 Memorial Drive25 Jul 2023 · Resource consentNew dwelling with district plan non-compliances
  • 44 Memorial Drive30 Jun 2023 · Resource consentConstruction of new dwelling unable to comply with site coverage

Sales and valuations as at 11 September 2026, from council and LINZ records. Medians resting on fewer than 3 sales are not shown.