Trend of Rental Yield in Lewis 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: Lewis County out performed than New York by 2.2
• % Change Population: Lewis County under performed than US by -1.5
• CAGR Population: Lewis County out performed than state by 0.4
• CAGR Population: Lewis County under performed than US by -0.2
• % Change Median Gross Rent: Lewis County under performed than New York by -1.5
• % Change Median Gross Rent: Lewis County out performed than US by 4.7
• CAGR Median Gross Rent: Lewis County under performed than state by -0.3
• CAGR Median Gross Rent: Lewis County out performed than US by 0.7
• % Change Home Value: Lewis County out performed than New York by 28.7
• % Change Home Value: Lewis County out performed than US by 26.6
• CAGR Home Value: Lewis County out performed than state by 4.5
• CAGR Home Value: Lewis County out performed than US by 4.1
• % Change Rental Yield: Lewis County under performed than New York by -30.9
• % Change Rental Yield: Lewis County under performed than US by -21.7
• CAGR Rental Yield: Lewis County under performed than state by -4.7
• CAGR Rental Yield: Lewis County under performed than US by -3.4

County	Lewis County
Population 2015	27,124
Population 2009	26,205
Population % change	3.5
Population change rank compared to US	1,203
Population change rank compared to New York	4
Median Gross Rent 2015	699
Median Gross Rent 2009	591
Median Gross Rent % change	18.3
Median Gross Rent change rank compared to US	1,065
Median Gross Rent change rank compared to New York	11
Home Value 2015	117,300
Home Value 2009	95,400
Home Value % change	23.0
Home Value change rank compared to US	430
Home Value change rank compared to New York	3
Rental Yield 2015	7.2
Rental Yield 2009	7.4
Rental Yield % change	-3.8
Rental Yield change rank compared to US	2,534
Rental Yield change rank compared to New York	51