96756, Koloa, HI

The 96756 zip code of Koloa, HI is located on the island of Kaua'i and has a population of just over 2,000. The median household income in this zip code is $72,500, which is significantly higher than the statewide median household income of $60,594. In addition, the home equity and home prices in this zip code are both significantly higher than the statewide average.

As of September 2017, there were 1,827 homes for sale in the 96756 zip code and the average list price was $749,000. This represents a 12% increase from September 2016 and a 27% increase from September 2015. The median home value in this zip code as of September 2017 was $1 million. This represents a 102% increase from September 2006 and a 571% increase from September 2005.

There are several reasons why home equity and home prices in the 96756 zip code are so high. First, Koloa is located on one of the most desirable islands in Hawaii and has an excellent quality of life. Second, there is a large number of wealthy residents living in this zip code who are able to afford to purchase expensive homes. Third, there is limited available land for development on Kaua'i which has kept housing prices high relative to other parts of Hawaii. Finally, Koloa is not subject to any major economic shocks that can affect other parts of Hawai'i (e.g., tourism or agriculture).