Trend of Rental Yield in Genesee 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: Genesee County out performed than New York by 0.9
• % Change Population: Genesee County under performed than US by -2.8
• CAGR Population: Genesee County out performed than state by 0.2
• CAGR Population: Genesee County under performed than US by -0.4
• % Change Median Gross Rent: Genesee County under performed than New York by -11.1
• % Change Median Gross Rent: Genesee County under performed than US by -4.9
• CAGR Median Gross Rent: Genesee County under performed than state by -1.7
• CAGR Median Gross Rent: Genesee County under performed than US by -0.7
• % Change Home Value: Genesee County out performed than New York by 14.7
• % Change Home Value: Genesee County out performed than US by 12.6
• CAGR Home Value: Genesee County out performed than state by 2.4
• CAGR Home Value: Genesee County out performed than US by 2.0
• % Change Rental Yield: Genesee County under performed than New York by -27.3
• % Change Rental Yield: Genesee County under performed than US by -18.1
• CAGR Rental Yield: Genesee County under performed than state by -4.1
• CAGR Rental Yield: Genesee County under performed than US by -2.8

County	Genesee County
Population 2015	59,458
Population 2009	58,208
Population % change	2.1
Population change rank compared to US	1,543
Population change rank compared to New York	20
Median Gross Rent 2015	724
Median Gross Rent 2009	666
Median Gross Rent % change	8.7
Median Gross Rent change rank compared to US	2,404
Median Gross Rent change rank compared to New York	48
Home Value 2015	107,000
Home Value 2009	98,200
Home Value % change	9.0
Home Value change rank compared to US	1,442
Home Value change rank compared to New York	36
Rental Yield 2015	8.1
Rental Yield 2009	8.1
Rental Yield % change	-0.2
Rental Yield change rank compared to US	2,270
Rental Yield change rank compared to New York	37