Trend of Rental Yield in Knox 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: Knox County under performed than Kentucky by -5.0
• % Change Population: Knox County under performed than US by -6.6
• CAGR Population: Knox County under performed than state by -0.9
• CAGR Population: Knox County under performed than US by -1.1
• % Change Median Gross Rent: Knox County out performed than Kentucky by 8.3
• % Change Median Gross Rent: Knox County out performed than US by 10.3
• CAGR Median Gross Rent: Knox County out performed than state by 1.2
• CAGR Median Gross Rent: Knox County out performed than US by 1.5
• % Change Home Value: Knox County out performed than Kentucky by 13.6
• % Change Home Value: Knox County out performed than US by 26.2
• CAGR Home Value: Knox County out performed than state by 2.0
• CAGR Home Value: Knox County out performed than US by 4.0
• % Change Rental Yield: Knox County under performed than Kentucky by -5.0
• % Change Rental Yield: Knox County under performed than US by -16.8
• CAGR Rental Yield: Knox County under performed than state by -0.8
• CAGR Rental Yield: Knox County under performed than US by -2.6

County	Knox County
Population 2015	31,809
Population 2009	32,326
Population % change	-1.6
Population change rank compared to US	2,497
Population change rank compared to Kentucky	81
Median Gross Rent 2015	545
Median Gross Rent 2009	440
Median Gross Rent % change	23.9
Median Gross Rent change rank compared to US	570
Median Gross Rent change rank compared to Kentucky	26
Home Value 2015	78,400
Home Value 2009	64,000
Home Value % change	22.5
Home Value change rank compared to US	453
Home Value change rank compared to Kentucky	16
Rental Yield 2015	8.3
Rental Yield 2009	8.3
Rental Yield % change	1.1
Rental Yield change rank compared to US	2,152
Rental Yield change rank compared to Kentucky	82