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United States: House Prices, Rents, and Rental Yields

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Last Updated: Jun 13, 2007

U.S. rental yields low to moderate

  Last Updated: Jun 13, 2007
UPPER MANHATTAN 1 - Condos & Co-ops COST (US$) YIELD (p.a.) PRICE/SQ.M. (US$)
TO BUY MONTHLY RENT TO BUY MONTHLY RENT
75 sq. m. 995,175 4,562 5.50% 13,269 60.82
120 sq. m. 1,911,960 7,976 5.01% 15,933 66.47
160 sq. m. 2,728,320 11,483 5.05% 17,052 71.77
200 sq. m. 3,861,400 15,410 4.79% 19,307 77.05
250 sq. m. 5,730,750 23,285 4.88% 22,923 93.14
LOWER MANHATTAN 2 - Condos & Co-ops  
75 sq. m. 938,250 4,097 5.24% 12,510 54.62
120 sq. m. 1,749,120 7,086 4.86% 14,576 59.05
160 sq. m. 2,498,080 10,555 5.07% 15,613 65.97
200 sq. m. 3,317,400 12,240 4.43% 16,587 61.20
250 sq. m. 5,114,000 15,453 3.63% 20,456 61.81
1 Upper East Side and Upper West Side
2 Chelsea, Greenwich, SoHo, TriBeCa
Source: Global Property Guide

Average yield is low in the US at 3.17%. Yields throughout the country range from 1.4%-5.5% The highest yields can be found in posh areas like Upper East Side and Upper West Side, Manhattan in New York. Southern California houses earn moderate gross rental income as well.

Nationwide, rents fell by 0.4% in real terms in 2005, after a flat 2004 and a rise of only 0.61% in 2003. Between 1990 and 2005, rents rose by only 5% in real terms, compared to 49% real house price growth.

 

Your Comments

posted by Dzuljastri | 2007-09-09

University lecturer/researcher, Malaysia

Thank you very much. I found that your website has illustrated a comprehensive data of property in the US. It is indeed useful for my research. Keep it up !, Regards, Dzul

posted by Charles | 2008-03-15

Business Owner, Greenwich, Connecticut

U.S. rental yields low to moderate.On your chart about properties rental yields in Manhattan. The high month maintenance was not accounted for.Is there a chart that takes the high monthly maintenance into account?http://www.globalpropertyguide.com/North-America/United-States/Rental-Yields

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