Trend of Rental Yield in Union 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: Union County out performed than South Dakota by 0.6
• % Change Population: Union County out performed than US by 1.4
• CAGR Population: Union County under performed than state by 0.0
• CAGR Population: Union County out performed than US by 0.2
• % Change Median Gross Rent: Union County under performed than South Dakota by -4.0
• % Change Median Gross Rent: Union County out performed than US by 0.6
• CAGR Median Gross Rent: Union County under performed than state by -0.6
• CAGR Median Gross Rent: Union County out performed than US by 0.1
• % Change Home Value: Union County out performed than South Dakota by 7.4
• % Change Home Value: Union County out performed than US by 32.8
• CAGR Home Value: Union County out performed than state by 1.0
• CAGR Home Value: Union County out performed than US by 4.9
• % Change Rental Yield: Union County under performed than South Dakota by -8.7
• % Change Rental Yield: Union County under performed than US by -29.5
• CAGR Rental Yield: Union County under performed than state by -1.5
• CAGR Rental Yield: Union County under performed than US by -4.8

County	Union County
Population 2015	14,842
Population 2009	13,947
Population % change	6.4
Population change rank compared to US	689
Population change rank compared to South Dakota	19
Median Gross Rent 2015	772
Median Gross Rent 2009	676
Median Gross Rent % change	14.2
Median Gross Rent change rank compared to US	1,614
Median Gross Rent change rank compared to South Dakota	46
Home Value 2015	159,700
Home Value 2009	123,700
Home Value % change	29.1
Home Value change rank compared to US	247
Home Value change rank compared to South Dakota	20
Rental Yield 2015	5.8
Rental Yield 2009	6.6
Rental Yield % change	-11.5
Rental Yield change rank compared to US	2,876
Rental Yield change rank compared to South Dakota	52