Trend of Rental Yield in Queens 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: Queens County under performed than New York by -0.3
• % Change Population: Queens County under performed than US by -4.0
• CAGR Population: Queens County under performed than state by 0.0
• CAGR Population: Queens County under performed than US by -0.6
• % Change Median Gross Rent: Queens County out performed than New York by 0.5
• % Change Median Gross Rent: Queens County out performed than US by 6.7
• CAGR Median Gross Rent: Queens County under performed than state by 0.0
• CAGR Median Gross Rent: Queens County out performed than US by 1.0
• % Change Home Value: Queens County out performed than New York by 1.4
• % Change Home Value: Queens County under performed than US by -0.6
• CAGR Home Value: Queens County out performed than state by 0.3
• CAGR Home Value: Queens County under performed than US by -0.1
• % Change Rental Yield: Queens County under performed than New York by -1.3
• % Change Rental Yield: Queens County out performed than US by 7.8
• CAGR Rental Yield: Queens County under performed than state by -0.2
• CAGR Rental Yield: Queens County out performed than US by 1.1

County	Queens County
Population 2015	2,301,139
Population 2009	2,278,860
Population % change	1.0
Population change rank compared to US	1,820
Population change rank compared to New York	31
Median Gross Rent 2015	1,367
Median Gross Rent 2009	1,136
Median Gross Rent % change	20.3
Median Gross Rent change rank compared to US	834
Median Gross Rent change rank compared to New York	9
Home Value 2015	450,300
Home Value 2009	470,500
Home Value % change	-4.3
Home Value change rank compared to US	2,557
Home Value change rank compared to New York	51
Rental Yield 2015	3.6
Rental Yield 2009	2.9
Rental Yield % change	25.7
Rental Yield change rank compared to US	448
Rental Yield change rank compared to New York	8