Trend of Rental Yield in Lynchburg city, 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: Lynchburg city out performed than Virginia by 2.6
• % Change Population: Lynchburg city out performed than US by 4.5
• CAGR Population: Lynchburg city out performed than state by 0.4
• CAGR Population: Lynchburg city out performed than US by 0.7
• % Change Median Gross Rent: Lynchburg city out performed than Virginia by 2.8
• % Change Median Gross Rent: Lynchburg city out performed than US by 9.1
• CAGR Median Gross Rent: Lynchburg city out performed than state by 0.4
• CAGR Median Gross Rent: Lynchburg city out performed than US by 1.4
• % Change Home Value: Lynchburg city out performed than Virginia by 14.8
• % Change Home Value: Lynchburg city out performed than US by 17.6
• CAGR Home Value: Lynchburg city out performed than state by 2.3
• CAGR Home Value: Lynchburg city out performed than US by 2.8
• % Change Rental Yield: Lynchburg city under performed than Virginia by -13.2
• % Change Rental Yield: Lynchburg city under performed than US by -10.2
• CAGR Rental Yield: Lynchburg city under performed than state by -2.0
• CAGR Rental Yield: Lynchburg city under performed than US by -1.6

County	Lynchburg city
Population 2015	78,158
Population 2009	71,357
Population % change	9.5
Population change rank compared to US	404
Population change rank compared to Virginia	20
Median Gross Rent 2015	778
Median Gross Rent 2009	634
Median Gross Rent % change	22.7
Median Gross Rent change rank compared to US	654
Median Gross Rent change rank compared to Virginia	29
Home Value 2015	149,200
Home Value 2009	130,900
Home Value % change	14.0
Home Value change rank compared to US	964
Home Value change rank compared to Virginia	25
Rental Yield 2015	6.3
Rental Yield 2009	5.8
Rental Yield % change	7.7
Rental Yield change rank compared to US	1,512
Rental Yield change rank compared to Virginia	84