96731, Kahuku, HI

The Kahuku zip code in Hawaii has a median home value of $269,000 and a median home equity of $128,000. The area has seen an increase in home values over the past five years, with prices increasing by an average of 7.4%. The majority of homes in the Kahuku zip code are owner-occupied, with 68% of households owning their homes outright and 31% owning their homes through a mortgage. Home values in Kahuku are higher than the statewide median home value of $217,500 and the national median home value of $178,600.

There are many factors that contribute to the high demand for housing in Kahuku. The area is located within close proximity to major tourist destinations such as Waikiki Beach and Diamond Head State Monument. Additionally, Kahuku is situated within commuting distance to both Honolulu and Waikiki. These factors have led to an influx of families and singles who are looking for affordable housing options close to popular destinations.

Despite the high demand for housing in Kahuku, there have been some challenges associated with rising prices. One issue is that many homeowners who have seen their home equity grow rapidly may not be able to afford to sell their homes due to increased prices or restrictive lending criteria imposed by banks. This has resulted in a shortage of available housing units in Kahuku which has driven up prices even further. Additionally, some homeowners who were able to buy their homes prior to the recent market surge may now find it difficult or impossible to sell due to increased competition from newer buyers who entered the market later on