96779, Paia, HI

The Paia, HI 96779 zip code has a population of just over 2,000 people. The median household income in the zip code is just over $60,000. Home prices in the Paia, HI 96779 zip code have been increasing at a rate of about 7% per year for the past few years. This means that the median home price in the Paia, HI 96779 zip code is now around $260,000.

One reason that home prices in the Paia, HI 96779 zip code are increasing so rapidly is that there are very few homes available for sale in this area. In fact, only about 5% of all homes for sale in this area are currently located in the Paia, HI 96779 zip code. This means that buyers who want to purchase a home in this area have to compete with each other for scarce listings and high home prices.

Another reason why home prices in the Paia, HI 96779 zip code are rising so rapidly is that there is strong demand for housing units here. The population of Paia, HI has been growing at a rate of about 2% per year over the past few years and this growth has created increased demand for housing units throughout Hawaii Island. In addition, many people who live in the Paia, HI 96779 zip code commute to work on Oahu or elsewhere on Hawaii Island which also contributes to increased demand for housing units near employment centers.