96768, Makawao, HI

Makawao is a small town located on the island of Maui in Hawaii. The population of Makawao was 9,668 as of the 2010 census. Makawao is known for its lush green landscape and picturesque mountains. The town is also known for its many luxury homes, which are valued at an average of $1 million or more.

The median home value in Makawao was $675,000 as of September 30, 2016 according to Zillow. This makes it one of the most expensive zip codes in Hawaii. In addition, the home equity in Makawao is high compared to other areas in Hawaii. The average home equity in Honolulu was $191,200 as of September 30, 2016 according to Zillow. This means that homeowners in Makawao have a lot more equity than homeowners elsewhere in Hawaii.

One reason why the home equity and home prices are so high in Makawao is because there are not many other options for buyers who want to live there. There are only about 100 homes available for sale each year according to realtor.com®, which means that demand is high and prices are correspondingly high.