96734, Kailua, HI

The 96734 zip code of Kailua, HI, is located on the eastern shore of Oahu. The area has a population of about 36,000 and an average household income of $130,000. Home prices in the zip code have increased by an average of 12% over the past year. The median home value in the zip code is $510,000 and the median rent price is $2,500.

There are a number of factors that have contributed to the increase in home values in this area. First and foremost is the strong economy which has led to increased demand for housing. Additionally, there is a high level of demand for housing due to the close proximity to many amenities and businesses. Finally, there is limited supply of homes available which has driven up prices.

Despite these positive factors, there are some challenges that homeowners in this area face when it comes to buying or selling their homes. One issue that homeowners face is that there are relatively few homes available for sale compared to what people would like to buy or rent. This has created a bidding war among buyers which can drive up prices significantly. Additionally, interest rates have been relatively low recently which may make it difficult for people who want to borrow money against their home equity to do so.