Urban Honolulu CDP, Hawaii Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Urban Honolulu CDP, Hawaii rental market.
Highlights
An apartment for rent in Urban Honolulu CDP, Hawaii typically goes for $1,881 per month, while a single-family home for rent in Urban Honolulu CDP, Hawaii has a monthly cost of around $3,535. Renter-occupied units make up 56% of the local housing market, while the rental vacancy rate in Urban Honolulu CDP, Hawaii is at 6.6.
Urban Honolulu CDP, Hawaii
Average Apartment Rent
$1,881
Y-o-Y Change in Apartment Rent
0%
Average Single Family Rent
$3,535
Compared to a year ago, Urban Honolulu CDP, Hawaii apartments have recorded a 0% rent increase.
Urban Honolulu CDP, Hawaii |Median apartment rent trend
Urban Honolulu CDP, Hawaii| Average apartment rent by city
Urban Honolulu CDP, Hawaii | Apartment rent ranges
At 36.09%, apartments priced over $2,000 represent the bulk of Urban Honolulu CDP, Hawaii rentals, while condos priced $700 - $1000 hold the lowest share of the market – 3.22%.
Urban Honolulu CDP, Hawaii | Housing tenure
Renters take up 56% of Urban Honolulu CDP, Hawaii real estate, occupying a total of 71,585 units, while homeowners live in 57,229 properties.
Median number of rooms of renter-occupied housing units
3.2
Renter Median household income
$53,351
Average household size of renter occupied-housing units
2.44
Rental vacancy rate
6.6%
Urban Honolulu CDP, Hawaii | Renter-occupied housing units by no. of bedrooms
There are 26,149 rentals in Urban Honolulu CDP, Hawaii with 2 beds making up the highest share of the market, at 37%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 1,254 units. Overall, the median number of rooms in Urban Honolulu CDP, Hawaii homes for rent is 3.2.
Urban Honolulu CDP, Hawaii |Renter-occupied units by age of householder
Most condos for rent in Urban Honolulu CDP, Hawaii are occupied by residents in the 25 - 34 years age group (23%), followed by those in the 35 - 44 years age group (19%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 4%.
Urban Honolulu CDP, Hawaii | Renter-occupied housing units by family type
Urban Honolulu CDP, Hawaii | Renter-occupied housing units by the presence of own children
A total of 37,822 apartments for rent in Urban Honolulu CDP, Hawaii, or 53% of all rentals are family households. Additionally, 27% of rental homes include children under the age of 18 – that’s 19,069 units. All in all, the median size of a renter-occupied household in Urban Honolulu CDP, Hawaii is 2.44.
Urban Honolulu CDP, Hawaii | Renter-occupied housing units by educational attainment
In terms of education, renters holding bachelor degrees or higher make up 33% of the rental market. In contrast, residents with less than a high school degree reside in 10% of the homes for rent in Urban Honolulu CDP, Hawaii.
Urban Honolulu CDP, Hawaii | Renter-occupied units by year structure built
The highest share of Urban Honolulu CDP, Hawaii apartment rentals, namely 26% or 18,323 units, were built 1970 - 1979, followed by those built 1960 - 1969 (22%, 15,952 units), and the ones built 1950 - 1959 (13%, 8,966 units).
Urban Honolulu CDP, Hawaii | Renter-occupied units by year householder moved in
Median year renter moved into unit2012
Most Urban Honolulu CDP, Hawaii renters (40%) moved in 2010 to 2014, while only 5% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Urban Honolulu CDP, Hawaii condos for rent is 2012.
Urban Honolulu CDP, Hawaii | Renter-occupied housing units by vehicles available
When it comes to transportation options, 47% of Urban Honolulu CDP, Hawaii renters have 1 vehicle available per household, 24% of them have 2 vehicles available, and 23% have no vehicle available.
Urban Honolulu CDP, Hawaii | Means of transportation to work of householders living in renter-occupied housing units
Urban Honolulu CDP, Hawaii |Geographical mobility in the past year for householders living in renter-occupies housing units
Urban Honolulu CDP, Hawaii | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Urban Honolulu CDP, Hawaii apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
Average single family rent calculated from point2homes.com data.
Exceptions: Data sourced from U.S. Census Bureau; American Community Survey, 2018 American Community Survey 5-Year Estimates
