The rent prices in real estate in Hilo, in the Hawaii region have risen considerably in the last couple of months. There has been a strong rise in the rent prices this city.
The price per sq.feet in Hilo has risen strongly during the last 6 months. In March, the average price per sq.feet was $1.51. In the following month the price per sq.feet rose considerably to $1.89. The price for the following two months in (May, June) had a considerable rise of 137 %. The price per sq.feet has fallen 86 % 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 $2.02 to $1.74 during July, and August.
When referring to the price in Hilo (cities), this has fallen considerably in the last 6 months. The average price for March is $3,682. During April the price had a slight fall till $3,184. During the following two months (May, June) the average price had a considerable fall of 29 % with regard to the previous two months. During the last two months the average price has fallen greatly compared to the previous four going from $2,208 to $1,195, which means a 54 % fall.
The graph displaying the average rent price for bedrooms illustrates that those properties with 1 bedroom are the most affordable ones. At a price of $1,179 they are 7 % more affordable than the average price for Hilo . The properties with the highest average price have 4 bedrooms, Their price is 88 % more expensive than the average. After that we have properties with 3 bedrooms priced at $1,618.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $1 / sq.feet, with an average $1.77 / sq.feet price in Hilo. The properties with the most expensive average prices have 1 bedroom. They are 7 % more expensive than the average followed by properties with 2 bedrooms with a price at $1.77 / sq.feet.
According to average price per property type in Hilo, "" priced at $1,676 is 42 % more expensive than the average price ($1,179) in this city.