Real Estate News

Seattle rental prices overtake Honolulu cost of living

You may not have the surf, Seattle, but you did just beat Honolulu when it comes to renting an apartment.

Zumper, an apartment rental website, released its national rent report this week saying Seattle rental prices have outpaced prices in Honolulu, putting the Emerald City in ninth position nationwide, edging Honolulu into 10th position.

Seattle is still nowhere near first-place San Francisco, however, where the average monthly rental of a one-bedroom apartment has reached $3,460, just ahead of New York City, at $3,200.

In Seattle, the average monthly cost of a one-bedroom apartment hit $1,810 in July, ahead of Honolulu, at $1,790, and just behind Miami at $1,870.

The average cost of a two-bedroom apartment in Seattle rose 8.2 percent over the year to settle in July at $2,380.

The average one-bedroom rental in Tacoma, priced at $1,125, was up 2.9 percent in July, Zumper reported, while a two-bedroom unit, with an average price of $1,234, was up 0.9 percent.

C.R. Roberts: 253-597-8535