96746, Kapaa, HI

The Kapaa zip code of 96746 has a population of just over 10,000 people and an average home value of $433,000. The median household income in the zip code is just over $100,000.

There are a number of factors that contribute to the high home values in the Kapaa zip code. First and foremost, Kapaa is located on the island of Kaua'i which is one of the most expensive places to live in Hawaii. Additionally, Kapaa is a very affluent area with a high percentage of households earning over $200,000 per year. Finally, there is a strong demand for housing in Kapaa due to its proximity to major tourist destinations like Waimea Canyon and Hanauma Bay.

Despite these factors, there have been some recent signs that suggest the home values in the Kapaa zip code may be starting to decline. For example, there has been an increase in new development projects that are not likely to result in as many homes being sold as previously planned. Additionally, interest rates have been rising recently which could make it more difficult for people who want to buy homes in this area. However, it's still too early to tell whether or not prices will continue to decline or if they will stabilize at their current level