96704, Captain Cook, HI

The 96704 zip code of Captain Cook, HI has a median home value of $269,000. This is significantly higher than the statewide median home value of $175,000. The 96704 zip code also has a high percentage of homeowners with a mortgage (68%). This is much higher than the statewide percentage of homeowners with a mortgage (49%).

There are several factors that may contribute to the high home values in the 96704 zip code. One reason may be that Captain Cook is an affluent area. It has a high income and education level population. Additionally, Captain Cook is located in one of the most desirable areas in Hawaii. It is close to Waikiki Beach and other popular tourist destinations.

Another factor that may contribute to the high home values in the 96704 zip code is low interest rates. The Federal Reserve Bank of Minneapolis recently announced that it would keep interest rates low for an extended period of time, which could lead to increased demand for housing and increased prices. Low interest rates can also make it more difficult for people to afford homes, especially if they have large amounts of debt outstanding on their homes.