Trend of Rental Yield in Knox County, Tennessee

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: Knox County under performed than Tennessee by -0.6
• % Change Population: Knox County under performed than US by -0.1
• CAGR Population: Knox County under performed than state by -0.1
• CAGR Population: Knox County under performed than US by 0.0
• % Change Median Gross Rent: Knox County out performed than Tennessee by 2.8
• % Change Median Gross Rent: Knox County out performed than US by 5.3
• CAGR Median Gross Rent: Knox County out performed than state by 0.4
• CAGR Median Gross Rent: Knox County out performed than US by 0.8
• % Change Home Value: Knox County under performed than Tennessee by -1.4
• % Change Home Value: Knox County out performed than US by 12.8
• CAGR Home Value: Knox County under performed than state by -0.2
• CAGR Home Value: Knox County out performed than US by 2.1
• % Change Rental Yield: Knox County out performed than Tennessee by 3.9
• % Change Rental Yield: Knox County under performed than US by -9.0
• CAGR Rental Yield: Knox County out performed than state by 0.6
• CAGR Rental Yield: Knox County under performed than US by -1.4

County	Knox County
Population 2015	444,348
Population 2009	423,655
Population % change	4.9
Population change rank compared to US	933
Population change rank compared to Tennessee	31
Median Gross Rent 2015	793
Median Gross Rent 2009	667
Median Gross Rent % change	18.9
Median Gross Rent change rank compared to US	997
Median Gross Rent change rank compared to Tennessee	27
Home Value 2015	160,700
Home Value 2009	147,200
Home Value % change	9.2
Home Value change rank compared to US	1,425
Home Value change rank compared to Tennessee	55
Rental Yield 2015	5.9
Rental Yield 2009	5.4
Rental Yield % change	8.9
Rental Yield change rank compared to US	1,404
Rental Yield change rank compared to Tennessee	30