Trend of Rental Yield in Essex County, Virginia

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: Essex County under performed than Virginia by -3.8
• % Change Population: Essex County under performed than US by -1.9
• CAGR Population: Essex County under performed than state by -0.6
• CAGR Population: Essex County under performed than US by -0.3
• % Change Median Gross Rent: Essex County under performed than Virginia by -2.2
• % Change Median Gross Rent: Essex County out performed than US by 4.0
• CAGR Median Gross Rent: Essex County under performed than state by -0.4
• CAGR Median Gross Rent: Essex County out performed than US by 0.6
• % Change Home Value: Essex County under performed than Virginia by -8.8
• % Change Home Value: Essex County under performed than US by -6.0
• CAGR Home Value: Essex County under performed than state by -1.6
• CAGR Home Value: Essex County under performed than US by -1.1
• % Change Rental Yield: Essex County out performed than Virginia by 9.3
• % Change Rental Yield: Essex County out performed than US by 12.3
• CAGR Rental Yield: Essex County out performed than state by 1.3
• CAGR Rental Yield: Essex County out performed than US by 1.7

County	Essex County
Population 2015	11,151
Population 2009	10,813
Population % change	3.1
Population change rank compared to US	1,293
Population change rank compared to Virginia	61
Median Gross Rent 2015	834
Median Gross Rent 2009	709
Median Gross Rent % change	17.6
Median Gross Rent change rank compared to US	1,143
Median Gross Rent change rank compared to Virginia	53
Home Value 2015	164,400
Home Value 2009	182,000
Home Value % change	-9.7
Home Value change rank compared to US	2,796
Home Value change rank compared to Virginia	121
Rental Yield 2015	6.1
Rental Yield 2009	4.7
Rental Yield % change	30.2
Rental Yield change rank compared to US	332
Rental Yield change rank compared to Virginia	17