Trend of Rental Yield in Essex County, Massachusetts

Gavop is a real estate, housing & local data & analytics service. We get data from public sources such as the census bureau & private databases. Our data can be used by real estate and organizations to get further insights into local market dynamics. We analyzed rental yield trends from 2009 and 2015 for all counties in the U.S. Rental yields are impacted by factors such as home location, home facilities, employment opportunities, strata levies, and council rates

The key elements in the research are

  1. Median Gross Rent
  2. Median Home Value

 

Our key findings

CountyEssex County
Population 2015763,849
Population 2009734,889
Population % change3.9
Population change rank compared to US1,121
Population change rank compared to Massachusetts4
Median Gross Rent 20151,076
Median Gross Rent 2009971
Median Gross Rent % change10.8
Median Gross Rent change rank compared to US2,122
Median Gross Rent change rank compared to Massachusetts8
Home Value 2015353,100
Home Value 2009380,000
Home Value % change-7.1
Home Value change rank compared to US2,709
Home Value change rank compared to Massachusetts9
Rental Yield 20153.7
Rental Yield 20093.1
Rental Yield % change19.3
Rental Yield change rank compared to US687
Rental Yield change rank compared to Massachusetts5