Trend of Rental Yield in Miller 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: Miller County under performed than Arkansas by -2.6
• % Change Population: Miller County under performed than US by -3.4
• CAGR Population: Miller County under performed than state by -0.4
• CAGR Population: Miller County under performed than US by -0.5
• % Change Median Gross Rent: Miller County out performed than Arkansas by 6.2
• % Change Median Gross Rent: Miller County out performed than US by 5.4
• CAGR Median Gross Rent: Miller County out performed than state by 0.9
• CAGR Median Gross Rent: Miller County out performed than US by 0.8
• % Change Home Value: Miller County under performed than Arkansas by -4.6
• % Change Home Value: Miller County out performed than US by 13.7
• CAGR Home Value: Miller County under performed than state by -0.7
• CAGR Home Value: Miller County out performed than US by 2.2
• % Change Rental Yield: Miller County out performed than Arkansas by 9.7
• % Change Rental Yield: Miller County under performed than US by -9.7
• CAGR Rental Yield: Miller County out performed than state by 1.6
• CAGR Rental Yield: Miller County under performed than US by -1.5

County	Miller County
Population 2015	43,652
Population 2009	42,971
Population % change	1.6
Population change rank compared to US	1,680
Population change rank compared to Arkansas	29
Median Gross Rent 2015	708
Median Gross Rent 2009	595
Median Gross Rent % change	19.0
Median Gross Rent change rank compared to US	981
Median Gross Rent change rank compared to Arkansas	18
Home Value 2015	94,600
Home Value 2009	86,000
Home Value % change	10
Home Value change rank compared to US	1,332
Home Value change rank compared to Arkansas	48
Rental Yield 2015	9.0
Rental Yield 2009	8.3
Rental Yield % change	8.2
Rental Yield change rank compared to US	1,465
Rental Yield change rank compared to Arkansas	20