Trend of Rental Yield in Rapides Parish, Louisiana

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: Rapides Parish under performed than Louisiana by -4.8
• % Change Population: Rapides Parish under performed than US by -4.9
• CAGR Population: Rapides Parish under performed than state by -0.8
• CAGR Population: Rapides Parish under performed than US by -0.8
• % Change Median Gross Rent: Rapides Parish under performed than Louisiana by -4.8
• % Change Median Gross Rent: Rapides Parish under performed than US by -1.5
• CAGR Median Gross Rent: Rapides Parish under performed than state by -0.7
• CAGR Median Gross Rent: Rapides Parish under performed than US by -0.2
• % Change Home Value: Rapides Parish out performed than Louisiana by 4.5
• % Change Home Value: Rapides Parish out performed than US by 27.0
• CAGR Home Value: Rapides Parish out performed than state by 0.7
• CAGR Home Value: Rapides Parish out performed than US by 4.2
• % Change Rental Yield: Rapides Parish under performed than Louisiana by -7.5
• % Change Rental Yield: Rapides Parish under performed than US by -27.0
• CAGR Rental Yield: Rapides Parish under performed than state by -1.3
• CAGR Rental Yield: Rapides Parish under performed than US by -4.4

County	Rapides Parish
Population 2015	132,225
Population 2009	132,128
Population % change	0.1
Population change rank compared to US	2,090
Population change rank compared to Louisiana	45
Median Gross Rent 2015	733
Median Gross Rent 2009	654
Median Gross Rent % change	12.1
Median Gross Rent change rank compared to US	1,946
Median Gross Rent change rank compared to Louisiana	45
Home Value 2015	125,800
Home Value 2009	102,000
Home Value % change	23.3
Home Value change rank compared to US	410
Home Value change rank compared to Louisiana	15
Rental Yield 2015	7.0
Rental Yield 2009	7.7
Rental Yield % change	-9.1
Rental Yield change rank compared to US	2,791
Rental Yield change rank compared to Louisiana	58