ZIP 96706 - 860Z200US96706 — Demographic Snapshot (2023)

Overview

If you’re considering a move, investment, or business opportunity in ZIP 96706, located in Hawaii, this demographic and housing snapshot offers a clear picture of the area in 2023. With a sizable population, strong income levels, and a diverse community, this ZIP code presents unique opportunities and challenges for homebuyers, real estate investors, agents, small-business owners, and analysts. Let’s dive into the data to help you make informed decisions about living or working in 96706.

Population & Households

ZIP 96706 is home to a robust population of 83,467 residents as of 2023. This sizable community is spread across 23,441 households, indicating a vibrant and active area with a strong residential base. The total number of housing units stands at 24,305, suggesting a slight surplus of available homes relative to occupied households. For families or individuals looking to settle here, this could mean a bit of flexibility in finding a place to call home, while businesses can tap into a large local customer base.

Income & Housing Costs

One of the standout metrics for ZIP 96706 is its median household income of $125,879. This figure reflects a financially stable community, which can be a strong draw for small businesses seeking affluent customers or for investors eyeing rental properties with reliable tenant income. On the housing front, the median house value is $796,600, positioning 96706 as a high-value real estate market. Meanwhile, the median rent is $2,785 per month, indicating that renting is also a significant expense. These numbers suggest that while homeownership or investment here requires substantial capital, the potential for long-term value appreciation could be compelling.

Race & Ethnicity

The demographic makeup of ZIP 96706 is notably diverse, offering a rich cultural tapestry that can appeal to a wide range of residents and business owners. Asians make up the largest racial group at 43.2% of the population, followed by Whites at 12.05% and Hispanics at 12.28%. Black residents account for 2.47% of the population. This diversity can be a significant asset for businesses looking to cater to varied tastes and cultural preferences, while homebuyers may appreciate the inclusive community atmosphere.

Key Facts

• Total population in ZIP 96706: 83,467 residents in 2023.
• Total households: 23,441, supporting a strong residential community.
• Total housing units: 24,305, with a small surplus of available homes.
• Median household income: $125,879, indicating financial stability.
• Median house value: $796,600, reflecting a premium real estate market.
• Median rent: $2,785 per month, a significant cost for renters.
• Racial diversity: 43.2% Asian, 12.05% White, 12.28% Hispanic, 2.47% Black.

What This Means for You

For homebuyers, ZIP 96706 offers a stable, diverse community with high property values. The median home price of $796,600 means you’ll need to budget carefully, but the area’s strong median income of $125,879 suggests a financially secure neighborhood with potential for long-term investment growth. If renting, be prepared for a median cost of $2,785, which could impact monthly expenses significantly.

For investors and agents, the slight surplus of housing units (24,305 total vs. 23,441 households) hints at opportunities to acquire properties, though the high median value and rent indicate a competitive market. Focus on properties that cater to the area’s affluent and diverse population to maximize returns.

For small-business owners, the large population of 83,467 and high household income present a promising customer base. Tailoring products or services to the cultural diversity—especially the significant Asian demographic (43.2%)—could help you stand out in this market.

For analysts, these metrics provide a foundation for deeper studies into housing trends, economic stability, and demographic shifts in 96706, helping to inform broader regional strategies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into 96706? Start by visiting ZipcodeGPT for a user-friendly analysis tool.
• Enter any ZIP code to access up-to-date demographic, income, and housing data tailored to your needs.
• Use the insights to make informed decisions for your home purchase, investment, or business strategy.