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. With data from 2023, we’ll break down key metrics like population, income, housing costs, and racial composition to help you make informed decisions. Whether you’re a homebuyer, real estate investor, small-business owner, or analyst, these insights into ZIP 96706 will guide your next steps with confidence.

Population & Households

ZIP 96706 is home to a substantial population of 83,467 residents, making it a vibrant and active community. This area supports 23,441 households, reflecting a strong residential base. With 24,305 total housing units, there’s a slight surplus of homes compared to occupied households, which could indicate some availability for new residents or investors looking for opportunities in this region. The population size and household density suggest a bustling area with potential for both personal and commercial growth.

Income & Housing Costs

Financially, ZIP 96706 stands out with a median household income of $125,879, indicating a relatively affluent community compared to national averages. This higher income level supports a robust local economy, which can be a draw for businesses and investors. On the housing front, the median home value is $796,600, reflecting the premium real estate market often associated with desirable Hawaiian locations. For renters, the median rent is $2,785 per month, which aligns with the high cost of living in the area. These figures suggest that while opportunities exist, affordability may be a consideration for some buyers or tenants.

Race & Ethnicity

The cultural fabric of ZIP 96706 is notably diverse, offering a rich community dynamic. The racial composition includes 43.2% Asian, making it the largest demographic group, followed by 12.28% Hispanic, 12.05% White, and 2.47% Black residents. This diversity can be a significant asset for businesses aiming to cater to varied customer bases or for families seeking a multicultural environment. Understanding this breakdown helps stakeholders anticipate community needs, preferences, and potential market segments.

Key Facts

• Total population in ZIP 96706: 83,467 residents, indicating a sizable community.
• Total households: 23,441, supporting a strong residential presence.
• Total housing units: 24,305, suggesting some availability for new occupants.
• Median household income: $125,879, reflecting economic strength.
• Median home value: $796,600, indicative of a high-value real estate market.
• Median rent: $2,785, aligning with the area’s elevated cost of living.
• Racial diversity: 43.2% Asian, 12.28% Hispanic, 12.05% White, 2.47% Black.

What This Means for You

For homebuyers, ZIP 96706 offers a dynamic community with a high median income and diverse population, but the median home value of $796,600 and rent of $2,785 signal a premium market. Be prepared for competitive pricing and consider working with local experts to find the best fit. For investors and real estate agents, the slight surplus of housing units (24,305 vs. 23,441 households) may point to opportunities for rentals or flips, especially given the strong income levels that support higher property values. Keep an eye on market trends to maximize returns. For small-business owners, the large population and diverse demographic mix provide a broad customer base, while the high median income suggests disposable income for goods and services—ideal for retail or service-based ventures. Finally, analysts can use this data to benchmark ZIP 96706 against other regions, focusing on income and housing cost disparities for deeper market studies.

Run This Study Yourself

• Curious about other ZIP codes or want to dive deeper into ZIP 96706? Start by visiting ZipcodeGPT for a user-friendly platform to explore demographic data.
• Enter any ZIP code to access up-to-date population, income, and housing metrics tailored to your needs.
• Use the insights to inform your homebuying, investment, or business decisions with confidence.