Having rooms for rent near Universities is usually a good position to be in. The market is a bit flat these days due to you-know-what. My son was paying $800/month for a room in town while he was going to school but since there's no need to be near the University of Hawaii, he's going to move back in here.
My in-laws had a condo in town near the UH. When they died, the joint was sold and the monies divided among the sons and daughters. That condo could have been rented out for about $2400/month.
My dad's house could be rented for about $3500/month. It's not near a University but it is next to a hospital. The hospital owns most of the houses in the subdivision but my dad has resisted their offers for decades. I'd say that was a pretty good position to be in.