HousingHandbookReference data

U.S. ZIP Code · HI96720

Hawaii County

Typical home value

$546,721[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+2.4%
5-year / yr
+5.9%
10-year / yr
+5.5%

Relative price

vs U.S.
+92.5%
vs metro
vs state
-34.8%
ZIP 96720 location in HI
Location of ZIP 96720 in HI

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 96720 is worth $546,721. Over the past year, values have risen 2.4%. Homes here rent for a typical $2,048 a month — a 4.5% gross rental yield. The effective property tax rate is 0.4%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
$2,048[2]
Gross yield
4.5%[2]
Cap rate
2.7%[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
0.4%[3]
Typical annual tax
$1,947[3]

#Climate risk

FEMA National Risk Index ratings for Hawaii County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively High[4]
Riverine flood
Relatively High
Coastal flood
Relatively Low
Wildfire
Relatively High
Drought
Very Low
Heat wave
No Rating
Hurricane
Relatively Low
Tornado
Very Low
Earthquake
Relatively High
Winter weather
Very Low

#Who lives here

Population
52,979[3]
Median household income
$80,938[3]

#Migration

Household moves in and out of Hawaii County over a year, from IRS tax-return data.

Net migration
+404[5]
Moved in
4,103
Moved out
3,699

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
16
Elementary
9
Middle
2
High
3
  • Waiakea High School

    High · Grades 9–12 · Hawaii Department of Education

    1,217 students

  • Hilo High School

    High · Grades 9–12 · Hawaii Department of Education

    1,192 students

  • Waiakea Intermediate School

    Middle · Grades 6–8 · Hawaii Department of Education

    854 students

  • Waiakea Elementary School

    Elementary · Grades PK–5 · Hawaii Department of Education

    725 students

  • Waiakeawaena Elementary School

    Elementary · Grades PK–5 · Hawaii Department of Education

    672 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield4.5%
Net yield (after ~40% expenses)2.7%
Annual rent$24,570

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$2,765
Loan principal$437,377
Down payment$109,344
Total interest paid$557,850

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio1.65
Monthly cost to own$3,384
Monthly rent$2,048

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Rankings

Top-10 lists this ZIP code appears on.

Frequently asked

How much is a home worth in ZIP code 96720?
The typical home in 96720 is worth $546,721, based on the Zillow Home Value Index.
Are home values rising in 96720?
Home values in 96720 are up 2.4% over the past year, and up 5.9% a year over five years.
What is the typical rent in 96720?
A typical home in 96720 rents for about $2,048 a month, a gross rental yield of 4.5%.
What is the property tax rate in 96720?
The effective property tax rate in 96720 is 0.4% — roughly $1,947 a year on a typical home.
Who lives in 96720?
ZIP code 96720 has a population of 52,979 and a median household income of $80,938.

Compare ZIPs

Pit ZIP 96720 against any other ZIP — full side-by-side table.

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