The rent prices in real estate in Hilo, in the Hawaii region have slightly risen in the last couple of months. There has been a rise in the rent prices in this city.
The price per sq.feet in Hilo has risen during the last 6 months. In November, the average price per sq.feet was $1.86. In the following month the price per sq.feet fell to $1.69. In the following two months the price per sq.feet has risen 109 %, going from $1.77 to $1.94 per sq.feet. The price per sq.feet has had a considerable rise of 131 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1.86 to $2.43 during March, and April.
When referring to the price in Hilo (cities), this has risen in the last 6 months. The rent price in November is $1,241, rising in December till $1,403. In the following two months the average price has hardly changed with regard to the previous two months from $1,322 to $1,317.5. During the last two months, the average price has barely gone through any changes with regard to the previous average values going from an average value of $1,319.75 and $1,371.5 between March and April.
The graph displaying the average rent price for bedrooms illustrates that those properties with 2 bedrooms are the most affordable ones. At a price of $1,377 they are 9 % more affordable than the average price for Hilo . The properties with the highest average price have 4 bedrooms, Their price is 61 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,731.
With regard to the average price per sq.feet, those properties with 2 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $2.42 / sq.feet price in Hilo. The properties with the most expensive average prices have 1 bedroom. They are 1 % more expensive than the average followed by properties with 2 bedrooms with a price at $1 / sq.feet.
According to average price per property type in Hilo, "" priced at $1,680 is 22 % more expensive than the average price ($1,377) in this city.