The rent prices in real estate in Honolulu, 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 Honolulu has risen strongly during the last 6 months. In November, the average price per sq.feet was $2.99. In December this price barely changed remaining at $2.88 per sq.feet. The price for the following two months in (January, February) had a considerable rise of 279 %. The price per sq.feet has had a considerable rise of 154 % 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 $5.56 to $8.58 during March, and April.
When referring to the price in Honolulu (cities), this has fallen in the last 6 months. The average price for November is $2,082. During December the price had a slight fall till $1,939. In the following two months the average price has hardly changed with regard to the previous two months from $2,010.5 to $1,952. 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 $1,981.25 and $1,959.5 between March and April.
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 $2,023 they are 20 % more affordable than the average price for Honolulu . The properties with the highest average price have 4 bedrooms, Their price is 241 % more expensive than the average. After that we have properties with 3 bedrooms priced at $3,091.
With regard to the average price per sq.feet, those properties with 3 bedrooms are the most affordable ones at a cost of $2.46 / sq.feet, with an average $12.48 / sq.feet price in Honolulu. The properties with the most affordable average prices have 1 bedroom. They are 25 % more affordable than the average followed by properties with 2 bedrooms with a price at $3.15 / sq.feet.
The graph displaying the average rent prices displays the property type "Condo" as the most affordable one. At an cost of $2,023 it is 17 % more affordable than the average price in Honolulu. "Duplex" is seen as the second most affordable property type. The most expensive property type is "House" followed by "". At a price of $2,268 it is 20 % more expensive than the average price.
According to the average cost per sq.feet, the most affordable property is "Duplex" at an average price of $2.48 / sq.feet followed by "House" priced at $3.21 / sq.feet. "Condo" is the most expensive type of property with a $29.61 / sq.feet value followed by "House" with an average price of $3.21 / sq.feet.