Trend of Rental Yield in Lake County, South Dakota

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

• % Change Population: Lake County under performed than South Dakota by -0.8
• % Change Population: Lake County out performed than US by 0.1
• CAGR Population: Lake County under performed than state by -0.2
• CAGR Population: Lake County under performed than US by 0.0
• % Change Median Gross Rent: Lake County under performed than South Dakota by -16.2
• % Change Median Gross Rent: Lake County under performed than US by -11.6
• CAGR Median Gross Rent: Lake County under performed than state by -2.5
• CAGR Median Gross Rent: Lake County under performed than US by -1.8
• % Change Home Value: Lake County out performed than South Dakota by 9.0
• % Change Home Value: Lake County out performed than US by 34.4
• CAGR Home Value: Lake County out performed than state by 1.3
• CAGR Home Value: Lake County out performed than US by 5.2
• % Change Rental Yield: Lake County under performed than South Dakota by -19.1
• % Change Rental Yield: Lake County under performed than US by -39.9
• CAGR Rental Yield: Lake County under performed than state by -3.6
• CAGR Rental Yield: Lake County under performed than US by -6.9

County	Lake County
Population 2015	12,086
Population 2009	11,500
Population % change	5.1
Population change rank compared to US	904
Population change rank compared to South Dakota	22
Median Gross Rent 2015	510
Median Gross Rent 2009	500
Median Gross Rent % change	2
Median Gross Rent change rank compared to US	2,898
Median Gross Rent change rank compared to South Dakota	59
Home Value 2015	139,800
Home Value 2009	106,900
Home Value % change	30.8
Home Value change rank compared to US	206
Home Value change rank compared to South Dakota	16
Rental Yield 2015	4.4
Rental Yield 2009	5.6
Rental Yield % change	-22.0
Rental Yield change rank compared to US	3,053
Rental Yield change rank compared to South Dakota	62