Trend of Rental Yield in Albany County, New York

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: Albany County out performed than New York by 1.8
• % Change Population: Albany County under performed than US by -1.9
• CAGR Population: Albany County out performed than state by 0.3
• CAGR Population: Albany County under performed than US by -0.3
• % Change Median Gross Rent: Albany County under performed than New York by -9.1
• % Change Median Gross Rent: Albany County under performed than US by -2.9
• CAGR Median Gross Rent: Albany County under performed than state by -1.4
• CAGR Median Gross Rent: Albany County under performed than US by -0.4
• % Change Home Value: Albany County out performed than New York by 14.0
• % Change Home Value: Albany County out performed than US by 11.9
• CAGR Home Value: Albany County out performed than state by 2.3
• CAGR Home Value: Albany County out performed than US by 1.9
• % Change Rental Yield: Albany County under performed than New York by -24.8
• % Change Rental Yield: Albany County under performed than US by -15.6
• CAGR Rental Yield: Albany County under performed than state by -3.7
• CAGR Rental Yield: Albany County under performed than US by -2.4

County	Albany County
Population 2015	307,463
Population 2009	298,341
Population % change	3.1
Population change rank compared to US	1,312
Population change rank compared to New York	10
Median Gross Rent 2015	919
Median Gross Rent 2009	830
Median Gross Rent % change	10.7
Median Gross Rent change rank compared to US	2,134
Median Gross Rent change rank compared to New York	34
Home Value 2015	208,400
Home Value 2009	192,500
Home Value % change	8.3
Home Value change rank compared to US	1,516
Home Value change rank compared to New York	38
Rental Yield 2015	5.3
Rental Yield 2009	5.2
Rental Yield % change	2.3
Rental Yield change rank compared to US	2,057
Rental Yield change rank compared to New York	29