Trend of Rental Yield in Union 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

1. Median Gross Rent
2. Median Home Value

 

Our key findings

• % Change Population: Union County out performed than Pennsylvania by 1.4
• % Change Population: Union County under performed than US by -1.5
• CAGR Population: Union County out performed than state by 0.3
• CAGR Population: Union County under performed than US by -0.2
• % Change Median Gross Rent: Union County under performed than Pennsylvania by -0.8
• % Change Median Gross Rent: Union County out performed than US by 3.0
• CAGR Median Gross Rent: Union County under performed than state by -0.1
• CAGR Median Gross Rent: Union County out performed than US by 0.5
• % Change Home Value: Union County out performed than Pennsylvania by 7.8
• % Change Home Value: Union County out performed than US by 20.4
• CAGR Home Value: Union County out performed than state by 1.2
• CAGR Home Value: Union County out performed than US by 3.2
• % Change Rental Yield: Union County under performed than Pennsylvania by -7.8
• % Change Rental Yield: Union County under performed than US by -18.1
• CAGR Rental Yield: Union County under performed than state by -1.2
• CAGR Rental Yield: Union County under performed than US by -2.8

County	Union County
Population 2015	44,958
Population 2009	43,424
Population % change	3.5
Population change rank compared to US	1,201
Population change rank compared to Pennsylvania	17
Median Gross Rent 2015	697
Median Gross Rent 2009	598
Median Gross Rent % change	16.6
Median Gross Rent change rank compared to US	1,273
Median Gross Rent change rank compared to Pennsylvania	39
Home Value 2015	160,200
Home Value 2009	137,200
Home Value % change	16.8
Home Value change rank compared to US	765
Home Value change rank compared to Pennsylvania	21
Rental Yield 2015	5.2
Rental Yield 2009	5.2
Rental Yield % change	-0.2
Rental Yield change rank compared to US	2,263
Rental Yield change rank compared to Pennsylvania	52