The rent prices in real estate in Honolulu, in the Hawaii region have slightly fallen in the last couple of months. There has been a fall in the rent prices in this city.
The price per sq.feet in Honolulu has fallen during the last 6 months. In September, the average price per sq.feet was $3.84. In the following month the price per sq.feet fell to $3.56. In the following two months the price per sq.feet has practically remained the same, going from $3.7 to $3.73 per sq.feet. The price per sq.feet has fallen 93 % 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 $3.72 to $3.45 during January, and February.
When referring to the price in Honolulu (cities), there have hardly been any changes in the last 6 months. In our first sample month during September, the average price is $2,471. In October This price remains at $2,464. In the following two months the average price has hardly changed with regard to the previous two months from $2,467.5 to $2,554. 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 $2,510.75 and $2,530.5 between January and February.
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 $2,496 they are 19 % more affordable than the average price for Honolulu . The properties with the highest average price have 3 bedrooms, Their price is 102 % more expensive than the average. After that we have properties with 4 bedrooms priced at $5,022.
With regard to the average price per sq.feet, those properties with 4 bedrooms are the most affordable ones at a cost of $2.84 / sq.feet, with an average $3.51 / sq.feet price in Honolulu. The properties with the most expensive average prices have 1 bedroom. They are 11 % more expensive than the average followed by properties with 3 bedrooms with a price at $3.44 / sq.feet.
The graph displaying the average rent prices displays the property type "Apartment" as the most affordable one. At an cost of $2,496 it is 24 % more affordable than the average price in Honolulu. "" is seen as the second most affordable property type. The most expensive property type is "Detached House" followed by "Condo". At a price of $2,945 it is 24 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Detached House" at an average price of $3.24 / sq.feet followed by "Apartment" priced at $3.33 / sq.feet. "Condo" is the most expensive type of property with a $4.55 / sq.feet value followed by "House" with an average price of $3.82 / sq.feet.