96706, Ewa Beach, HI

When people think of Hawaii, they often think of the beautiful beaches and sunsets. However, Hawaii is also a very expensive place to live. The cost of living in Hawaii is higher than any other state in the US. This is because the cost of living includes not only housing but also food, transportation, and other necessities.

One way that people can afford to live in Hawaii is by investing in their home equity. Home equity refers to the value of a person’s home minus what they owe on it. In Ewa Beach, HI, the average home value is $527,000 which means that homeowners have a net worth of $269,000. This means that homeowners can use their home equity to pay off debt or save for future goals such as retirement or children’s college tuition.

Another reason why homeownership is important in Ewa Beach is because home prices are high compared to other areas in the US. The median price for homes sold in Ewa Beach was $639,500 which was more than double the national median price of $248,800 (Zillow). This means that if you want to buy a house in Ewa Beach you will need at least an annual income of $187,200 which is above the national median income of $60K (Zillow).

Overall, homeownership and high home prices are important factors for people who want to live in Ewa Beach. These factors make it difficult for many people who want to move into this area but they also make it possible for some people who may not be able to afford traditional housing options elsewhere to find a place they can call home.