Trend of Rental Yield in Lea County, New Mexico

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

CountyLea County
Population 201568,149
Population 200958,058
Population % change17.4
Population change rank compared to US112
Population change rank compared to New Mexico1
Median Gross Rent 2015768
Median Gross Rent 2009587
Median Gross Rent % change30.8
Median Gross Rent change rank compared to US287
Median Gross Rent change rank compared to New Mexico6
Home Value 2015108,600
Home Value 200981,100
Home Value % change33.9
Home Value change rank compared to US165
Home Value change rank compared to New Mexico4
Rental Yield 20158.5
Rental Yield 20098.7
Rental Yield % change-2.3
Rental Yield change rank compared to US2,418
Rental Yield change rank compared to New Mexico25