96708, Haiku, HI

The 96708 zip code of Haiku, HI has a median home value of $236,000. This is higher than the statewide median home value of $185,000 and the national median home value of $177,000. The 96708 zip code also has a high percentage of homeowners with a mortgage (77%) and a low percentage of homeowners without a mortgage (17%). These are both above the statewide and national averages.

The 96708 zip code has seen an increase in home values over the past five years. In 2012, the median home value was $215,000. Over the next five years, the median home value increased by 9%. This is faster than the statewide increase of 6% and national increase of 5%. The 96708 zip code also had an increase in sales over this time period; however, this was not as fast as the overall growth in home values. In fact, sales were only up by 3% from 2012 to 2016.

There are several factors that could be contributing to this growth in home values in Haiku:

-The availability of affordable housing: The 96708 zip code has a low percentage of homeowners without a mortgage which could be due to its affordable housing options. There are many single-family homes available for purchase or rent that are below market rate.

-A strong economy: The economy has been strong over recent years which could lead to more people buying or upgrading their homes.

-Low interest rates: Interest rates have been relatively low which may be encouraging some people to buy homes now instead of waiting for prices to rise further.