Trend of Rental Yield in Smith County, Mississippi

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: Smith County out performed than Mississippi by 0.1
• % Change Population: Smith County under performed than US by -2.7
• CAGR Population: Smith County under performed than state by 0.0
• CAGR Population: Smith County under performed than US by -0.4
• % Change Median Gross Rent: Smith County under performed than Mississippi by -7.7
• % Change Median Gross Rent: Smith County under performed than US by -6.0
• CAGR Median Gross Rent: Smith County under performed than state by -1.2
• CAGR Median Gross Rent: Smith County under performed than US by -0.9
• % Change Home Value: Smith County under performed than Mississippi by -5.8
• % Change Home Value: Smith County out performed than US by 10.6
• CAGR Home Value: Smith County under performed than state by -0.9
• CAGR Home Value: Smith County out performed than US by 1.7
• % Change Rental Yield: Smith County under performed than Mississippi by -1.6
• % Change Rental Yield: Smith County under performed than US by -17.3
• CAGR Rental Yield: Smith County under performed than state by -0.3
• CAGR Rental Yield: Smith County under performed than US by -2.7

County	Smith County
Population 2015	16,257
Population 2009	15,889
Population % change	2.3
Population change rank compared to US	1,503
Population change rank compared to Mississippi	23
Median Gross Rent 2015	593
Median Gross Rent 2009	551
Median Gross Rent % change	7.6
Median Gross Rent change rank compared to US	2,550
Median Gross Rent change rank compared to Mississippi	61
Home Value 2015	79,700
Home Value 2009	74,500
Home Value % change	7.0
Home Value change rank compared to US	1,654
Home Value change rank compared to Mississippi	53
Rental Yield 2015	8.9
Rental Yield 2009	8.9
Rental Yield % change	0.6
Rental Yield change rank compared to US	2,205
Rental Yield change rank compared to Mississippi	50