96765, Lawai, HI

The Lawai zip code is located in the Wahiawa district of Honolulu County, Hawaii. The population of the zip code was 8,811 as of the 2010 census. Home prices in this zip code have increased significantly over the past several years, and are now among the highest in Hawaii.

According to Zillow, home prices in Lawai increased by an average of 27% from 2009 to 2013. This rate of growth was significantly higher than the statewide average growth rate of 16%. In 2013 alone, home prices in Lawai grew by an additional 31%. This rapid price appreciation has led to a large increase in home equity for residents in this zip code. As of September 2014, median home equity values in Lawai were $269,000. This is more than double the median home equity value for all zip codes on Oahu (which was $118,500).

One reason for this high level of home equity growth is that there are relatively few homes available for sale in Lawai. According to Zillow's Housing Market Analysis tool, as of September 2014 there were only 97 homes available for sale within this zip code. This is far fewer than any other zip code on Oahu (which had a total of 2,527 homes available for sale). Consequently, demand has outstripped supply and driven up prices accordingly.

Despite these high levels of home equity growth, it's important to keep in mind that not all residents within this zip code are experiencing similar levels of wealth accumulation. In fact, according to NeighborhoodScout's analysis , income levels vary considerably across neighborhoods within Lawai . While some neighborhoods have seen significant increases in their home values over the past several years (due largely to limited availability), others have seen little or no change at all. As a result, not everyone within this community has benefited equally from rising housing prices .