Trend of Rental Yield in Boone County, Arkansas

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: Boone County under performed than Arkansas by -1.8
• % Change Population: Boone County under performed than US by -2.6
• CAGR Population: Boone County under performed than state by -0.3
• CAGR Population: Boone County under performed than US by -0.4
• % Change Median Gross Rent: Boone County under performed than Arkansas by -1.4
• % Change Median Gross Rent: Boone County under performed than US by -2.2
• CAGR Median Gross Rent: Boone County under performed than state by -0.2
• CAGR Median Gross Rent: Boone County under performed than US by -0.3
• % Change Home Value: Boone County under performed than Arkansas by -5.5
• % Change Home Value: Boone County out performed than US by 12.7
• CAGR Home Value: Boone County under performed than state by -0.8
• CAGR Home Value: Boone County out performed than US by 2.1
• % Change Rental Yield: Boone County out performed than Arkansas by 3.7
• % Change Rental Yield: Boone County under performed than US by -15.8
• CAGR Rental Yield: Boone County out performed than state by 0.7
• CAGR Rental Yield: Boone County under performed than US by -2.4

County	Boone County
Population 2015	37,227
Population 2009	36,341
Population % change	2.4
Population change rank compared to US	1,471
Population change rank compared to Arkansas	24
Median Gross Rent 2015	596
Median Gross Rent 2009	535
Median Gross Rent % change	11.4
Median Gross Rent change rank compared to US	2,029
Median Gross Rent change rank compared to Arkansas	43
Home Value 2015	111,700
Home Value 2009	102,400
Home Value % change	9.1
Home Value change rank compared to US	1,435
Home Value change rank compared to Arkansas	50
Rental Yield 2015	6.4
Rental Yield 2009	6.3
Rental Yield % change	2.1
Rental Yield change rank compared to US	2,071
Rental Yield change rank compared to Arkansas	34