Trend of Rental Yield in Union 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: Union County under performed than Kentucky by -3.6
• % Change Population: Union County under performed than US by -5.1
• CAGR Population: Union County under performed than state by -0.6
• CAGR Population: Union County under performed than US by -0.8
• % Change Median Gross Rent: Union County out performed than Kentucky by 4.6
• % Change Median Gross Rent: Union County out performed than US by 6.5
• CAGR Median Gross Rent: Union County out performed than state by 0.7
• CAGR Median Gross Rent: Union County out performed than US by 1.0
• % Change Home Value: Union County out performed than Kentucky by 1.1
• % Change Home Value: Union County out performed than US by 13.7
• CAGR Home Value: Union County out performed than state by 0.2
• CAGR Home Value: Union County out performed than US by 2.2
• % Change Rental Yield: Union County out performed than Kentucky by 3.0
• % Change Rental Yield: Union County under performed than US by -8.8
• CAGR Rental Yield: Union County out performed than state by 0.5
• CAGR Rental Yield: Union County under performed than US by -1.3

County	Union County
Population 2015	15,138
Population 2009	15,158
Population % change	-0.1
Population change rank compared to US	2,158
Population change rank compared to Kentucky	68
Median Gross Rent 2015	543
Median Gross Rent 2009	452
Median Gross Rent % change	20.1
Median Gross Rent change rank compared to US	855
Median Gross Rent change rank compared to Kentucky	35
Home Value 2015	84,100
Home Value 2009	76,400
Home Value % change	10.1
Home Value change rank compared to US	1,321
Home Value change rank compared to Kentucky	57
Rental Yield 2015	7.7
Rental Yield 2009	7.1
Rental Yield % change	9.1
Rental Yield change rank compared to US	1,382
Rental Yield change rank compared to Kentucky	43