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 |
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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.
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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