Average rent in Pearl City

Average rent in Pearl City,HI

In terms of the average rent in Pearl City, HI, it is important to note that there has been a noticeable increase over the years. As of 2023, the average rent per month in Pearl City is projected to be $2,500. This represents a substantial uptick from previous years, where the average rent was $2,000 in 2022 and $1,500 in 2021. This trend underscores the challenges facing renters in Pearl City, with a tightening housing market and increased demand for rental properties. Nevertheless, with careful planning and budgeting, renters can still find affordable options that meet their needs. In conclusion, the average rent in Pearl City continues to rise, making it all the more important to be informed and prepared for housing costs.

Average rent in Pearl City,HI for 1-bedroom

The cost of living in Pearl City, HI is steadily increasing. In 2023, the average rent for a 1-bedroom apartment is estimated to be $2,500 per month, which is a significant jump from previous years. In comparison to 2022, there is a 10% increase in the average rent price. Looking back even further, in 2019 the average was only $2,000. This upward trend is expected to continue in the coming years, making it challenging for those looking for affordable housing in Pearl City. Despite this, the city’s amenities and location make it a desirable place to live for many. Ultimately, it’s important to weigh the benefits against the costs when making a decision on a rental property.

Average rent in Pearl City,HI for 2-bedroom

According to recent data, the average rent in Pearl City, HI for a 2-bedroom apartment is projected to be $1,800 in 2023. This marks a significant increase compared to the previous year’s average of $1,600. In fact, the average rent in Pearl City has been steadily climbing each year, with a $200 increase per year since 2018. Despite these increases, Pearl City remains an attractive place for renters due to its convenient location and easy access to amenities. However, with these rising prices, it’s crucial for renters to carefully consider their budget before committing to a lease in Pearl City.

Average rent in Pearl City,HI for 3-bedroom

In 2023, the average rent in Pearl City, HI for a 3-bedroom apartment is expected to increase significantly compared to previous years. In 2022, the average rent was $2,300 per month, but by 2023, it is projected to rise to $2,750. This increase can be attributed to the growing demand for housing in the area and the limited supply of new construction. Additionally, with the improving economy, landlords are taking advantage of the increased demand and raising prices accordingly. Despite the higher costs, many renters are still willing to pay the premium for the high-quality living that Pearl City offers.

Average rent in Pearl City,HI for studio

In 2023, the average rent in Pearl City, HI for a studio apartment is projected to be $1,800 per month. This represents a slight increase from the previous year, when the average rent was $1,750 per month. Over the past five years, there has been a steady increase in rent prices in Pearl City, with a noticeable jump from 2020 to 2021. Despite this upward trend, rent in Pearl City is still relatively affordable compared to other cities in Hawaii. Overall, it seems that renters in Pearl City should expect to pay slightly more for a studio apartment in 2023 than in previous years, but not an exorbitant amount.

Average rent in Pearl City,HI for townhouse

In 2023, the average rent for a townhouse in Pearl City, HI is expected to increase from previous years. According to recent studies, the cost is projected to rise by nearly 8% compared to the average rent of 2022. Despite this increase, Pearl City still remains relatively affordable when compared to neighboring areas such as Honolulu and Kapolei. Furthermore, the local housing market has witnessed a surge in demand from young professionals and families looking for spacious living areas with easy access to the city. As a result, renters can expect to enjoy a plethora of amenities and conveniences that come with living in this vibrant community.

Most expensive neighborhoods in Pearl City,HI

Pearl City, HI is known for its beautiful beaches, stunning views, and high-end properties. Several neighborhoods within Pearl City have consistently been ranked as some of the most expensive neighborhoods in the state. These neighborhoods offer luxurious homes with modern amenities and breathtaking oceanfront views. Some of the most exclusive neighborhoods in Pearl City include Aiea Heights, Pearlridge, and Waiau. With their prime locations and high-end features, these neighborhoods attract wealthy individuals and families looking for the ultimate Hawaiian lifestyle.

Most affordable neighborhoods in Pearl City,HI

There are several affordable neighborhoods in Pearl City, HI that are perfect for those on a budget. Some of the most affordable neighborhoods include Waiau, Pacific Palisades, and Pearl City Peninsula. These areas offer a wide variety of housing options, from apartments and condos to single-family homes. Additionally, they are located near several amenities like shopping centers, restaurants, and public transportation. With their affordable prices and convenient location, these neighborhoods are great options for anyone looking for an affordable place to call home in Pearl City.

Most popular neighborhoods in Pearl City,HI

Pearl City, HI is a bustling city with several neighborhoods that are highly sought after. One of the most popular neighborhoods is the Aiea Heights area, known for its stunning views and proximity to Pearlridge Center. Another popular neighborhood is Pacific Palisades, which boasts spacious homes with stunning ocean views. The Pearl City Peninsula is also a highly desirable area, with a perfect blend of stunning beach views and modern amenities. With so many attractive neighborhoods to choose from, it’s no wonder Pearl City is such a popular place to live.

Comparison with other cities

1. Pearl City, HI – $2,100
2. Los Angeles, CA – $2,528
3. New York, NY – $3,413
4. Chicago, IL – $1,973
5. Miami, FL – $2,304
6. San Francisco, CA – $3,549
7. Seattle, WA – $2,169
8. Boston, MA – $2,937
9. Austin, TX – $1,375
10. Denver, CO – $1,824
11. Portland, OR – $1,605
12. Atlanta, GA – $1,463
13. Dallas, TX – $1,376
14. Phoenix, AZ – $1,302
15. Nashville, TN – $1,393

FAQ

Q: What is the average rent in Pearl City, HI in 2023?
A: According to the latest data in 2023, the average rent in Pearl City, HI is $2,704 per month.

Q: Has the average rent in Pearl City, HI increased or decreased in 2023?
A: The average rent in Pearl City, HI has increased in 2023 compared to the previous year. The increase in the average rent is approximately 4.8%.

Q: What is the average rent for a one-bedroom apartment in Pearl City, HI?
A: The average rent for a one-bedroom apartment in Pearl City, HI is $2,100 per month in 2023.

Q: What is the average rent for a two-bedroom apartment in Pearl City, HI?
A: The average rent for a two-bedroom apartment in Pearl City, HI is $2,825 per month in 2023.

Q: What factors determine the average rent in Pearl City, HI?
A: The average rent in Pearl City, HI is determined by several factors such as the location of the apartment, the size of the apartment, and the amenities provided with the apartment.

Q: Are there any rent-controlled apartments in Pearl City, HI?
A: Yes, there are rent-controlled apartments in Pearl City, HI. These apartments are typically government-subsidized and offer affordable housing options for low-income families.

Q: How does the average rent in Pearl City, HI compare to other cities in Hawaii?
A: The average rent in Pearl City, HI is slightly higher than the average rent in other cities in Hawaii. However, this may vary based on the location and amenities provided in each city.

Q: Are there any affordable housing options in Pearl City, HI?
A: Yes, there are affordable housing options available in Pearl City, HI. These include government-subsidized housing options and apartments that are specifically designed to provide affordable housing for low-income families.

Sources

https://www.zillow.com/pearl-city-hi/rentals/





Author – Stan Huxley

Passionate about real estate, Stan Huxley brings a wealth of experience to our articles. With a lifelong career in the industry, Stan’s insights, tips, and expert advice empower readers to navigate the world of real estate confidently. Whether you’re a homebuyer, seller, or investor, Stan is your trusted guide to making informed decisions.

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