The average rent price in the Hawaii region has had an strong rise in recent months. There has been a strong rise in the rent prices in this region.
The price per sq.feet in Hawaii has risen considerably in the last 6 months. During April, the average price per sq.feet was $2.62. In May the price barely changed remaining at $2.68 per sq.feet. In the following two months (June, July) the rent price per sq.feet has increased notably to a 121 %. In the last two months, the price per sq.feet has risen 106 %. This has been obtained by comparing the price $2.92 for the first four months of the sample with regard to the previous 4 months and the price $3.1 per sq.feet for the last two months (August, September).
When referring to the price in Hawaii(region), there have hardly been any changes in the last 6 months. April has an average price of $2,329. During Maythe price had a slight fall till $2,139. The price in the following months (June, July) had a strong rise of 123 % going from $2,234 to $2,739.5. During the last two months the price has gone down 91 % compared to the previous average values going from $2,486.75 a $2,267.5 in August y September.
The graph displaying the the average rent price per number of bedrooms shows that those with 1 bedroom are the most affordable ones. They are 16 % cheaper than the average price in Hawaii followed by those with 2 with an average price of $2,446. The most expensive properties have 4 bedrooms. They are 90 % more expensive than the average followed by those properties with 3 bedrooms priced at $3,266.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $2.02 / sq.feet being $3.1 / sq.feet the average for Hawaii. The properties with the highest average price are those with 1 bedroom. These are 7 % more expensive than the average followed by those with 2 bedrooms with a price of $2.68 / sq.feet.
The graph displaying the average rent price according to the property type shows "Land" as the most affordable one. With an average cost of $2,146 it is 21 % cheaper than the average in Hawaii. This is followed by "" with a cost of $2,055. The most expensive property type is "House" and is 10 % more costly than the average, followed by "Townhouse" with a cost of $2,261.
Based upon the average cost per sq.feet the most affordable property type is "House with a an average price of $2.79 / sq.feet, followed by "Condo" with a price of $3.1 / sq.feet. "Townhouse" with an average price of $14 / sq.feet is the most expensive type of property followed by "Duplex" at a price of $9 / sq.feet.