Trend of Rental Yield in Wayne 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: Wayne County under performed than New York by -0.5
• % Change Population: Wayne County under performed than US by -4.2
• CAGR Population: Wayne County under performed than state by -0.1
• CAGR Population: Wayne County under performed than US by -0.7
• % Change Median Gross Rent: Wayne County under performed than New York by -13.3
• % Change Median Gross Rent: Wayne County under performed than US by -7.1
• CAGR Median Gross Rent: Wayne County under performed than state by -2.1
• CAGR Median Gross Rent: Wayne County under performed than US by -1.1
• % Change Home Value: Wayne County out performed than New York by 12.8
• % Change Home Value: Wayne County out performed than US by 10.8
• CAGR Home Value: Wayne County out performed than state by 2.2
• CAGR Home Value: Wayne County out performed than US by 1.8
• % Change Rental Yield: Wayne County under performed than New York by -27.7
• % Change Rental Yield: Wayne County under performed than US by -18.5
• CAGR Rental Yield: Wayne County under performed than state by -4.2
• CAGR Rental Yield: Wayne County under performed than US by -2.9

County	Wayne County
Population 2015	92,416
Population 2009	91,658
Population % change	0.8
Population change rank compared to US	1,872
Population change rank compared to New York	32
Median Gross Rent 2015	694
Median Gross Rent 2009	652
Median Gross Rent % change	6.4
Median Gross Rent change rank compared to US	2,656
Median Gross Rent change rank compared to New York	56
Home Value 2015	112,900
Home Value 2009	105,400
Home Value % change	7.1
Home Value change rank compared to US	1,641
Home Value change rank compared to New York	43
Rental Yield 2015	7.4
Rental Yield 2009	7.4
Rental Yield % change	-0.6
Rental Yield change rank compared to US	2,308
Rental Yield change rank compared to New York	40