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Updated over 9 years ago on . Most recent reply
Data sources by ZIP codes
I'm looking for a data service that can give me the following data by ZIP code or County, in order of importance:
1. Gross average rental yields
2. Vacancy rates
3. Unemployment rates
4. Median family income
5. General demographic data
Numbers 3, 4, 5 are generally available for free, but I'm having trouble with 1 and 2. I'm willing to pay, but I can't find a good service. RealtyTrac seems to have this data in some of their quarterly reports, but I can't see where it is offered for sale generally.
Most Popular Reply
Originally posted by @Mike D'Arrigo:
Originally posted by @Account Closed:
Originally posted by @Account Closed:
Purchase price.
"Gross" means before expenses.
I still don't get how meaningful rental yields (gross or otherwise) can be calculated from public data. So, the data would be purchase price compared to average fair market rents? Or current FMV v. FMR? How would the public info be specific on rents?
Zillow puts data out on this from time to time and I agree that it's not very meaningful. They look at average home prices vs average rents which can give a distorted picture.
I'm not great with numbers but median home price v median rent or average home price v average rent can be easily calculated, no? Using average or median seems to make this info useless, other than in a very general sense. As in, does the zip code cash flow or not. That info is already out there. Follow the investor trail. Follow the turn key trail. :)
Who cares about the average or median when it's the specific property numbers that matter.