Trend of Rental Yield in Bourbon County, Kentucky

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: Bourbon County under performed than Kentucky by -1.7
• % Change Population: Bourbon County under performed than US by -3.2
• CAGR Population: Bourbon County under performed than state by -0.3
• CAGR Population: Bourbon County under performed than US by -0.5
• % Change Median Gross Rent: Bourbon County out performed than Kentucky by 2.8
• % Change Median Gross Rent: Bourbon County out performed than US by 4.8
• CAGR Median Gross Rent: Bourbon County out performed than state by 0.4
• CAGR Median Gross Rent: Bourbon County out performed than US by 0.7
• % Change Home Value: Bourbon County under performed than Kentucky by -4.8
• % Change Home Value: Bourbon County out performed than US by 7.8
• CAGR Home Value: Bourbon County under performed than state by -0.7
• CAGR Home Value: Bourbon County out performed than US by 1.3
• % Change Rental Yield: Bourbon County out performed than Kentucky by 7.5
• % Change Rental Yield: Bourbon County under performed than US by -4.3
• CAGR Rental Yield: Bourbon County out performed than state by 1.1
• CAGR Rental Yield: Bourbon County under performed than US by -0.7

County	Bourbon County
Population 2015	20,013
Population 2009	19,668
Population % change	1.8
Population change rank compared to US	1,633
Population change rank compared to Kentucky	48
Median Gross Rent 2015	690
Median Gross Rent 2009	583
Median Gross Rent % change	18.4
Median Gross Rent change rank compared to US	1,050
Median Gross Rent change rank compared to Kentucky	46
Home Value 2015	139,600
Home Value 2009	134,000
Home Value % change	4.2
Home Value change rank compared to US	1,936
Home Value change rank compared to Kentucky	93
Rental Yield 2015	5.9
Rental Yield 2009	5.2
Rental Yield % change	13.6
Rental Yield change rank compared to US	1,023
Rental Yield change rank compared to Kentucky	23