Trend of Rental Yield in Letcher 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: Letcher County under performed than Kentucky by -4.4
• % Change Population: Letcher County under performed than US by -6.0
• CAGR Population: Letcher County under performed than state by -0.8
• CAGR Population: Letcher County under performed than US by -1.0
• % Change Median Gross Rent: Letcher County out performed than Kentucky by 14.6
• % Change Median Gross Rent: Letcher County out performed than US by 16.6
• CAGR Median Gross Rent: Letcher County out performed than state by 2.1
• CAGR Median Gross Rent: Letcher County out performed than US by 2.4
• % Change Home Value: Letcher County out performed than Kentucky by 13.5
• % Change Home Value: Letcher County out performed than US by 26.1
• CAGR Home Value: Letcher County out performed than state by 2.0
• CAGR Home Value: Letcher County out performed than US by 4.0
• % Change Rental Yield: Letcher County out performed than Kentucky by 0.2
• % Change Rental Yield: Letcher County under performed than US by -11.6
• CAGR Rental Yield: Letcher County under performed than state by 0.0
• CAGR Rental Yield: Letcher County under performed than US by -1.8

County	Letcher County
Population 2015	23,671
Population 2009	23,915
Population % change	-1.0
Population change rank compared to US	2,374
Population change rank compared to Kentucky	76
Median Gross Rent 2015	531
Median Gross Rent 2009	408
Median Gross Rent % change	30.1
Median Gross Rent change rank compared to US	301
Median Gross Rent change rank compared to Kentucky	13
Home Value 2015	56,300
Home Value 2009	46,000
Home Value % change	22.4
Home Value change rank compared to US	457
Home Value change rank compared to Kentucky	17
Rental Yield 2015	11.3
Rental Yield 2009	10.6
Rental Yield % change	6.3
Rental Yield change rank compared to US	1,638
Rental Yield change rank compared to Kentucky	59