Trend of Rental Yield in Pierce County, Washington

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: Pierce County under performed than Washington by -1.9
• % Change Population: Pierce County out performed than US by 1.2
• CAGR Population: Pierce County under performed than state by -0.3
• CAGR Population: Pierce County out performed than US by 0.2
• % Change Median Gross Rent: Pierce County out performed than Washington by 0.1
• % Change Median Gross Rent: Pierce County out performed than US by 5.4
• CAGR Median Gross Rent: Pierce County under performed than state by 0.0
• CAGR Median Gross Rent: Pierce County out performed than US by 0.8
• % Change Home Value: Pierce County under performed than Washington by -4.8
• % Change Home Value: Pierce County under performed than US by -7.7
• CAGR Home Value: Pierce County under performed than state by -0.9
• CAGR Home Value: Pierce County under performed than US by -1.4
• % Change Rental Yield: Pierce County out performed than Washington by 7.0
• % Change Rental Yield: Pierce County out performed than US by 16.3
• CAGR Rental Yield: Pierce County out performed than state by 0.9
• CAGR Rental Yield: Pierce County out performed than US by 2.2

County	Pierce County
Population 2015	821,952
Population 2009	774,339
Population % change	6.1
Population change rank compared to US	742
Population change rank compared to Washington	16
Median Gross Rent 2015	1,029
Median Gross Rent 2009	865
Median Gross Rent % change	19.0
Median Gross Rent change rank compared to US	987
Median Gross Rent change rank compared to Washington	17
Home Value 2015	232,600
Home Value 2009	262,400
Home Value % change	-11.4
Home Value change rank compared to US	2,839
Home Value change rank compared to Washington	39
Rental Yield 2015	5.3
Rental Yield 2009	4.0
Rental Yield % change	34.2
Rental Yield change rank compared to US	255
Rental Yield change rank compared to Washington	4