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Wednesday, October 10, 2018
Honolulu Rents Flat for Year
By News Release @ 1:13 AM :: 4307 Views :: Hawaii Statistics, Cost of Living

End of Rental Season Brings Renters Temporary Relief, but Demand Keeps Fueling Increases in Big Employment Hubs

From RentCafe, October 2, 2018

Key takeaways:

  • Rent growth came to a halt in September at national level – the $1,412 U.S.-wide average marks a 0.1 percent ($1) month over month decrease, however it’s up by 3 percent ($41) year over year, according to Yardi Matrix data.
  • Of the nation’s biggest 252 cities 93 percent have registered Y-o-Y rent increases, 6 percent flatlined, and only 1 percent of cities have seen their rents decrease compared to  September 2017.
  • Rents have increased the most in Queens (NYC), Phoenix, and Las Vegas among the nation’s largest cities, while Baltimore, Detroit, and San Antonio rents have stayed closest to last September’s average.

read … Full Report

Honolulu HI 

  • Average Rent: $1,776 
  • Change Month over Month: -3.9% 
  • Change Year over Year: NULL
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