Wednesday, June 12, 2024
Hawai'i Free Press

Current Articles | Archives

Saturday, August 12, 2017
Honolulu Rents Jump Another 6.7%
By News Release @ 2:51 AM :: 5621 Views :: Hawaii Statistics, Cost of Living

Q3 Rents Continue Downward Trend Nationwide

From ADOBO, August 1, 2017

In more good news for renters, the nationwide median one-bedroom rent price decreased between July and August, from $1,016 to $1,013.

So far in 2017, that gives the nation a clean record of decreases outweighing increases. January still holds the year’s record for highest median rent (tied in July) at $1,016, decreasing .3% year to date.

Glendale, AZ, carries the team for this month’s rent report, seeing a 10.7% decrease in August over July’s one-bedroom rents, to $744. This marks the second consecutive month of having one of the largest drops in the country, following July’s 6.8% decrease. St. Paul, MN, and Buffalo, NY, are also entering their second month in the top three for largest decreases in the country, falling 8.7% and 4.8%, respectively. That means renters in St. Paul are seeing rents around $1,126, while Buffalo renters are looking at $849.

There’s also some continuity with our top 10 cities with the largest rent increases between July and August. New Orleans, LA, for example, is no stranger to topping ABODO’s rent reports. For August, the Big Easy saw rents rise 8.6%, breaking $1,500 for a one-bedroom and continuing a six-month streak of increases.

Corpus Christi moved up the list from #5 in July (up 6.1%) to #2 for August (up 7.1%), for a median rent of $932, and Richmond, VA, hopped from #9 to #5 for August, with a 6.7% increase to $957.

Honolulu, HI, hit #3 in July with an increase of 8%, and returns to the list at #4 in August for another 6.7% increase. For August, that means median one-bedroom rent is $1,766 — the tenth highest in the country….

Honolulu bumped Seattle, WA, off the top 10 highest rents in the country, though Seattle is just $20 behind, at $1,746. Miami and Chicago also swapped places, but the list — as usual — remains largely unchanged. San Francisco, CA, is still firmly in the lead at $3,210, which is actually a slight decrease over July. NYC also dipped a bit to $2,907 for a one-bedroom, but every other city in our highest rents ranking is paying more in August than they were in July….

read … Full Report

Honolulu, HI

  • 1BR -- $1,766  up 6.7%
  • 2BR -- $2,244 down 1.5%
Links

TEXT "follow HawaiiFreePress" to 40404

Register to Vote

2aHawaii

Aloha Pregnancy Care Center

AntiPlanner

Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii

FIRE

Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Habele.org

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii Military History

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Together

HiFiCo

Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

July 4 in Hawaii

Land and Power in Hawaii

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

MentalIllnessPolicy.org

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

Natatorium.org

National Parents Org Hawaii

NFIB Hawaii News

NRA-ILA Hawaii

Obookiah

OHA Lies

Opt Out Today

Patients Rights Council Hawaii

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii

RailRipoff.com

Rental by Owner Awareness Assn

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

School Choice in Hawaii

SenatorFong.com

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

Waagey.org

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii