Rental market snapshot for Makiki-Lower Punchbowl-Tantalus, Honokaa
Makiki-Lower Punchbowl-Tantalus rental market summary
The rental market in Makiki-Lower Punchbowl-Tantalus, Hawaii is showing signs of growth. In July 2023, there were 90 new listings, which is a significant increase from the previous month. The median rent in July 2023 was $1,695, which is a 2.7% increase from the previous month and a 5.8% increase from July 2022. This indicates that the rental market in Makiki-Lower Punchbowl-Tantalus is on the rise and that demand for rental properties is increasing.
The increasing demand for rental properties in Makiki-Lower Punchbowl-Tantalus is likely due to the area's desirable location and amenities. The area is close to downtown Honolulu, making it a great option for those looking for an urban lifestyle. Additionally, the area offers a variety of parks, restaurants, and other attractions, making it an attractive option for renters. With the increasing demand for rental properties, it is likely that the median rent in Makiki-Lower Punchbowl-Tantalus will continue to rise in the coming months.
Median rent for all residential properties in Makiki-Lower Punchbowl-Tantalus
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The most expensive listings and top trending buildings in Makiki-Lower Punchbowl-Tantalus
Most Expensive Listings
| Address | Rent Price | Bed / Bath |
|---|---|---|
| 1944 Ualakaa St | $6,500 | 4 / 3.0 |
| 1405 Emerson St | $5,200 | 3 / 3.0 |
| 1615 Makiki St | $4,500 | 3 / 2.5 |
| 1630 Liholiho St | $2,600 | 1 / 1.0 |
| 1630 Liholiho St | $2,500 | 1 / 1.0 |
Top Trending Buildings
| building name | avg rent price |
|---|---|
| Zillow | $1,738 |
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Bedroom Breakdown in Makiki-Lower Punchbowl-Tantalus
Makiki-Lower Punchbowl-Tantalus neighborhood apartments rents
The rental market for studios in Makiki-Lower Punchbowl-Tantalus, Hawaii is expected to remain relatively stable in June 2023, with only one new studio listing. The median rent for studios in April 2023 was $1,550, and this is expected to increase by 9.7% to $1,700 in June 2023. This suggests that the rental market in this area is relatively stable and that rental prices are likely to remain consistent in the near future.
The rental market for 1-bedroom apartments in Makiki-Lower Punchbowl-Tantalus, Hawaii is showing signs of growth. In June 2023, there were two new 1-bedroom listings, indicating an increase in demand for rental units. The median rent for 1-bedroom apartments in June 2023 was $1,738, a 10.9% decrease from the median rent in April 2023 of $1,950. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants.
The rental market for 2-bedroom apartments in Makiki-Lower Punchbowl-Tantalus, Hawaii, is showing signs of improvement. In June 2023, there was only one new 2-bedroom listing, but the median rent decreased by 22.9% from May 2023 to June 2023, from $2,400 to $1,850. This suggests that the rental market is becoming more competitive, and renters may be able to find better deals in the area.