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 October, the average price per sq.feet was $2.77. In November the price barely changed remaining at $2.86 per sq.feet. The price per sq.feet for the following two months barely changed going from $2.82 to $2.68 per sq.feet. In the last two months, the price per sq.feet has had a significant rise of 469 %. This has been obtained by comparing the price of $2.75 for the first four months of the sample with regard to the previous 4 months and the price of $12.9 per sq.feet for the last two months (February, March).
When referring to the price in Hawaii (region), this has fallen in the last 6 months. October has an average price of $2,230. During Novemberthe price had a slight fall till $1,980. In the following two months the average price practically remained the same compared to the previous two going from $2,105 to $2,032.5. During the last two months the average price has not gone through any changes and has gone from $2,068.75 to $2,121.5 during February and March.
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 20 % cheaper than the average price in Hawaii followed by those with 2 with an average price of $2,207. The most expensive properties have 4 bedrooms. They are 109 % more expensive than the average followed by those properties with 3 bedrooms priced at $3,073.
Based on the average price per sq.feet those properties with 4 bedrooms are the most affordable ones with a price of $2.18 / sq.feet being $3.18 / sq.feet the average for Hawaii. The properties with the highest average price are those with 1 bedroom. These are 213 % more expensive than the average followed by those with 3 bedrooms with a price of $7.03 / sq.feet.
The graph displaying the average rent price according to the property type shows "House" as the most affordable one. With an average cost of $2,007 it is 17 % cheaper than the average in Hawaii. This is followed by "Duplex" with a cost of $2,019. The most expensive property type is "Land" and is 68 % more costly than the average, followed by "Condo" with a cost of $2,361.
Based upon the average cost per sq.feet the most affordable property type is "Duplex with a an average price of $2.3 / sq.feet, followed by "Condo" with a price of $2.85 / sq.feet. "Land" with an average price of $108.01 / sq.feet is the most expensive type of property followed by "House" at a price of $17.5 / sq.feet.