Trend of Rental Yield in Otero 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

CountyOtero County
Population 201565,318
Population 200963,206
Population % change3.3
Population change rank compared to US1,241
Population change rank compared to New Mexico16
Median Gross Rent 2015791
Median Gross Rent 2009570
Median Gross Rent % change38.8
Median Gross Rent change rank compared to US143
Median Gross Rent change rank compared to New Mexico3
Home Value 2015101,800
Home Value 200997,400
Home Value % change4.5
Home Value change rank compared to US1,896
Home Value change rank compared to New Mexico21
Rental Yield 20159.3
Rental Yield 20097.0
Rental Yield % change32.8
Rental Yield change rank compared to US283
Rental Yield change rank compared to New Mexico3