Study: Wealthy Out-Of-State Renters Are Driving The Market In Honolulu … Short-term leases also are much more popular among people looking for rentals in Honolulu, a study shows.
Most people searching for a place to rent in Honolulu are from out of state and have more money to spend on housing than most locals.
That’s according to a recent analysis by the rental search website Apartment List. The study found that while nationally, about 30% of people who look for rentals in a city are coming from another area, more than one in two searches for rentals in Honolulu on Apartment List’s platform came from people who don’t live there.
“That is very unusual,” said Igor Popov, chief economist at Apartment List.
