Rental market snapshot for Nuuanu-Punchbowl, Honokaa
Nuuanu-Punchbowl rental market summary
The rental market in Nuuanu-Punchbowl, Hawaii is showing signs of growth. In July of 2023, there were 21 new listings, indicating that the market is expanding. The median rent in July 2023 was $1,850, which is 11.7% lower than the median rent in June 2023. This suggests that the market is becoming more competitive, with landlords offering lower prices to attract tenants.
The median rent in July 2023 was 26.0% lower than the median rent in July 2022, indicating that the rental market in Nuuanu-Punchbowl, Hawaii has become more affordable over the past year. This could be due to an increase in the number of rental properties available, as well as landlords offering more competitive prices. With more options available, tenants are able to find more affordable housing in the area.
Median rent for all residential properties in Nuuanu-Punchbowl
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The most expensive listings and top trending buildings in Nuuanu-Punchbowl
Most Expensive Listings
Address | Rent Price | Bed / Bath |
---|---|---|
331 Kapaloala Pl | $4,000 | 3 / 2.0 |
318B Puna Ln | $3,000 | 3 / 2.0 |
2745G Booth Rd | $2,300 | 3 / 2.0 |
2040 Nuuanu Ave | $2,100 | 1 / 1.0 |
1870 Lusitana St | $1,950 | 2 / 1.0 |
Top Trending Buildings
building name | avg rent price |
---|---|
Zillow | $1,550 |
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Bedroom Breakdown in Nuuanu-Punchbowl
Nuuanu-Punchbowl neighborhood apartments rents
The rental market for studios in Nuuanu-Punchbowl, Hawaii appears to be relatively stable, with only one new studio listing in February 2023. The median rent for studios in February 2023 was $1,400, though no data was available for January 2023, so it is not possible to determine the percent change in rent from January to February. Overall, the rental market for studios in Nuuanu-Punchbowl appears to be relatively steady.
The rental market for 1-bedroom apartments in Nuuanu-Punchbowl, Hawaii, is relatively stable. In May 2023, there were two new 1-bedroom listings, and the median rent for 1-bedroom apartments was $1,550, a 1.6% decrease from the median rent in April 2023. This suggests that the rental market is not experiencing significant fluctuations in prices, and that the market is relatively stable.
The rental market for 2-bedroom apartments in Nuuanu-Punchbowl, Hawaii is showing signs of growth. In May 2023, there were 3 new 2-bedroom listings, a 21.2% increase in rent from April 2023 to May 2023, and a median rent of $2,000. This indicates that the rental market is becoming more competitive and that demand for 2-bedroom apartments is increasing.