Trend of Rental Yield in Somerset County, Pennsylvania
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
- Median Gross Rent
- Median Home Value
Our key findings
- % Change Population: Somerset County
under performed
than Pennsylvania by -3.5
- % Change Population: Somerset County
under performed
than US by -6.4
- CAGR Population: Somerset County
under performed
than state by -0.5
- CAGR Population: Somerset County
under performed
than US by -1.0
- % Change Median Gross Rent: Somerset County
under performed
than Pennsylvania by -0.9
- % Change Median Gross Rent: Somerset County
out performed
than US by 2.9
- CAGR Median Gross Rent: Somerset County
under performed
than state by -0.1
- CAGR Median Gross Rent: Somerset County
out performed
than US by 0.5
- % Change Home Value: Somerset County
out performed
than Pennsylvania by 2.6
- % Change Home Value: Somerset County
out performed
than US by 15.3
- CAGR Home Value: Somerset County
out performed
than state by 0.5
- CAGR Home Value: Somerset County
out performed
than US by 2.5
- % Change Rental Yield: Somerset County
under performed
than Pennsylvania by -3.3
- % Change Rental Yield: Somerset County
under performed
than US by -13.6
- CAGR Rental Yield: Somerset County
under performed
than state by -0.5
- CAGR Rental Yield: Somerset County
under performed
than US by -2.1
| County | Somerset County |
| Population 2015 | 76,617 |
|---|
| Population 2009 | 77,710 |
|---|
| Population % change | -1.4 |
|---|
| Population change rank compared to US | 2,463 |
|---|
| Population change rank compared to Pennsylvania | 55 |
|---|
| Median Gross Rent 2015 | 580 |
|---|
| Median Gross Rent 2009 | 498 |
|---|
| Median Gross Rent % change | 16.5 |
|---|
| Median Gross Rent change rank compared to US | 1,286 |
|---|
| Median Gross Rent change rank compared to Pennsylvania | 40 |
|---|
| Home Value 2015 | 98,800 |
|---|
| Home Value 2009 | 88,500 |
|---|
| Home Value % change | 11.6 |
|---|
| Home Value change rank compared to US | 1,161 |
|---|
| Home Value change rank compared to Pennsylvania | 30 |
|---|
| Rental Yield 2015 | 7.0 |
|---|
| Rental Yield 2009 | 6.8 |
|---|
| Rental Yield % change | 4.3 |
|---|
| Rental Yield change rank compared to US | 1,846 |
|---|
| Rental Yield change rank compared to Pennsylvania | 33 |
|---|