Department of Numbers

Hawaii Residential Rent and Rental Statistics

The median monthly gross residential rent in Hawaii was $1,500 in 2015 according to the Census ACS survey.1 Average gross rent was $1,559 in 2015. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2016 Hawaii median and average rent data will be released in September of 2017.

Data is also available below for Hawaii rental vacancy rates, Hawaii rent as a percent of median income and the fraction of renters in Hawaii.

Show dollars as: Nominal Real

Real Gross Rent in Hawaii (2015 dollars)2

2015 1 Year Change 3 Year Change
US Median Gross Rent $959 +3.12% +8.24%
Hawaii Median Gross Rent $1,500 +4.09% +8.46%

Hawaii Real Gross Rent Trends

At $1,500, real median gross rent in Hawaii was at its highest level in 2015 since the series began in 2005. At $1,559, real average gross rent in Hawaii was at its highest level in 2015 since the series began in 2005.

Real Gross Rent in Hawaii: Median, Average, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Hawaii

Date US Median Hawaii Median Hawaii Average
2015 $959 $1,500 $1,559
2014 $930 $1,441 $1,479
2013 $898 $1,404 $1,422
2012 $886 $1,383 $1,387
2011 $887 $1,332 $1,344
2010 $901 $1,360 $1,370
2009 $905 $1,389 $1,416
2008 $920 $1,449 $1,440
2007 $874 $1,322 $1,341
2006 $883 $1,292 $1,265
2005 $858 $1,173 $1,173

Hawaii Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2015 the rental vacancy rate for Hawaii was 10.44% according to Census ACS data.

Rental Vacancy Rate in Hawaii

2015 1 Year Change 3 Year Change
US 5.85% -0.47% -0.92%
Hawaii 10.44% +0.91% +1.38%

Trends in Hawaii Rental Vacancy Rate

The rental vacancy rate in Hawaii peaked in 2009 at 10.60%. Since then it has fallen by 0.16% to 10.44%. Data records for this series originated in 2005.

Rental Vacancy Rate: Hawaii, US

Rental vacancy rate in Hawaii

Historical Rental Vacancy Rate data for Hawaii

Date US Hawaii
2015 5.85% 10.44%
2014 6.32% 9.53%
2013 6.49% 8.59%
2012 6.77% 9.06%
2011 7.40% 8.44%
2010 8.17% 8.83%
2009 8.43% 10.60%
2008 7.86% 9.99%
2007 7.87% 9.89%
2006 7.70% 6.06%
2005 7.74% 4.69%

Hawaii Rent as a Fraction of Income

Using median household income data for Hawaii, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Hawaii, median monthly gross rent as a fraction of median household income was 24.49% in 2015 according to the ACS.

Hawaii Median Annual Rent as a Fraction of Median Household Income

2015 1 Year Change 3 Year Change
US 20.63% -0.26% -0.02%
Hawaii 24.49% -0.47% -0.48%

Trends in Hawaii Rent as a Fraction of Income

The fraction of median Hawaii household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 25.39%. Since then it has fallen by 0.89% to 24.49%.

Fraction of Income towards Rent: Hawaii, US

Percent of median household income going towards median monthly gross rent in Hawaii

Historical Data for Annual Rent as a Fraction of Income in Hawaii

Date US Hawaii
2015 20.63% 24.49%
2014 20.89% 24.97%
2013 20.78% 24.95%
2012 20.65% 24.97%
2011 20.70% 25.39%
2010 20.50% 24.58%
2009 20.12% 24.21%
2008 19.00% 23.17%
2007 18.66% 22.48%
2006 18.90% 21.90%
2005 18.89% 20.55%

Renter Fraction in Hawaii

You can calculate the renter fraction in Hawaii in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Hawaii as a fraction of total Hawaii households. In 2015 43.39% of households were renters according to Census ACS data.

Hawaii Fraction of Renters by Household Units

2015 1 Year Change 3 Year Change
US 36.97% +0.07% +0.88%
Hawaii 43.39% +0.04% +0.29%

Trends in the Hawaii Renter Fraction

The Hawaii household renter fraction peaked in in 2013 at 43.79% and is now 0.40% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Hawaii, US

Fraction of renters in Hawaii

History of Hawaii Renter Fraction

Date US Hawaii
2015 36.97% 43.39%
2014 36.90% 43.35%
2013 36.50% 43.79%
2012 36.09% 43.10%
2011 35.42% 43.22%
2010 34.65% 42.01%
2009 34.13% 43.32%
2008 33.36% 40.89%
2007 32.80% 40.43%
2006 32.73% 40.46%
2005 33.10% 40.33%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.