Trend of Rental Yield in Salem County, New Jersey

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

• % Change Population: Salem County under performed than New Jersey by -4.2
• % Change Population: Salem County under performed than US by -6.3
• CAGR Population: Salem County under performed than state by -0.7
• CAGR Population: Salem County under performed than US by -1.0
• % Change Median Gross Rent: Salem County out performed than New Jersey by 3.3
• % Change Median Gross Rent: Salem County out performed than US by 2.2
• CAGR Median Gross Rent: Salem County out performed than state by 0.5
• CAGR Median Gross Rent: Salem County out performed than US by 0.4
• % Change Home Value: Salem County out performed than New Jersey by 11.7
• % Change Home Value: Salem County out performed than US by 3.9
• CAGR Home Value: Salem County out performed than state by 2.0
• CAGR Home Value: Salem County out performed than US by 0.6
• % Change Rental Yield: Salem County under performed than New Jersey by -11.6
• % Change Rental Yield: Salem County under performed than US by -2.3
• CAGR Rental Yield: Salem County under performed than state by -1.7
• CAGR Rental Yield: Salem County under performed than US by -0.4

County	Salem County
Population 2015	65,120
Population 2009	65,982
Population % change	-1.3
Population change rank compared to US	2,441
Population change rank compared to New Jersey	16
Median Gross Rent 2015	974
Median Gross Rent 2009	841
Median Gross Rent % change	15.8
Median Gross Rent change rank compared to US	1,369
Median Gross Rent change rank compared to New Jersey	4
Home Value 2015	187,800
Home Value 2009	187,400
Home Value % change	0.2
Home Value change rank compared to US	2,285
Home Value change rank compared to New Jersey	1
Rental Yield 2015	6.2
Rental Yield 2009	5.4
Rental Yield % change	15.6
Rental Yield change rank compared to US	902
Rental Yield change rank compared to New Jersey	21