Trend of Rental Yield in Wayne 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: Wayne County under performed than Pennsylvania by -1.3
• % Change Population: Wayne County under performed than US by -4.2
• CAGR Population: Wayne County under performed than state by -0.2
• CAGR Population: Wayne County under performed than US by -0.7
• % Change Median Gross Rent: Wayne County out performed than Pennsylvania by 4.5
• % Change Median Gross Rent: Wayne County out performed than US by 8.2
• CAGR Median Gross Rent: Wayne County out performed than state by 0.6
• CAGR Median Gross Rent: Wayne County out performed than US by 1.2
• % Change Home Value: Wayne County under performed than Pennsylvania by -3.5
• % Change Home Value: Wayne County out performed than US by 9.2
• CAGR Home Value: Wayne County under performed than state by -0.5
• CAGR Home Value: Wayne County out performed than US by 1.5
• % Change Rental Yield: Wayne County out performed than Pennsylvania by 7.8
• % Change Rental Yield: Wayne County under performed than US by -2.5
• CAGR Rental Yield: Wayne County out performed than state by 1.2
• CAGR Rental Yield: Wayne County under performed than US by -0.4

County	Wayne County
Population 2015	51,642
Population 2009	51,233
Population % change	0.8
Population change rank compared to US	1,879
Population change rank compared to Pennsylvania	39
Median Gross Rent 2015	826
Median Gross Rent 2009	678
Median Gross Rent % change	21.8
Median Gross Rent change rank compared to US	724
Median Gross Rent change rank compared to Pennsylvania	15
Home Value 2015	179,000
Home Value 2009	169,600
Home Value % change	5.5
Home Value change rank compared to US	1,806
Home Value change rank compared to Pennsylvania	53
Rental Yield 2015	5.5
Rental Yield 2009	4.8
Rental Yield % change	15.4
Rental Yield change rank compared to US	909
Rental Yield change rank compared to Pennsylvania	14