Trend of Rental Yield in Grant County, New Mexico

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: Grant County under performed than New Mexico by -8.1
• % Change Population: Grant County under performed than US by -7.0
• CAGR Population: Grant County under performed than state by -1.3
• CAGR Population: Grant County under performed than US by -1.1
• % Change Median Gross Rent: Grant County out performed than New Mexico by 2.4
• % Change Median Gross Rent: Grant County out performed than US by 6.7
• CAGR Median Gross Rent: Grant County out performed than state by 0.3
• CAGR Median Gross Rent: Grant County out performed than US by 1.0
• % Change Home Value: Grant County under performed than New Mexico by -0.1
• % Change Home Value: Grant County out performed than US by 10.1
• CAGR Home Value: Grant County under performed than state by -0.1
• CAGR Home Value: Grant County out performed than US by 1.6
• % Change Rental Yield: Grant County out performed than New Mexico by 2.3
• % Change Rental Yield: Grant County under performed than US by -4.9
• CAGR Rental Yield: Grant County out performed than state by 0.4
• CAGR Rental Yield: Grant County under performed than US by -0.7

County	Grant County
Population 2015	29,119
Population 2009	29,723
Population % change	-2.0
Population change rank compared to US	2,582
Population change rank compared to New Mexico	23
Median Gross Rent 2015	635
Median Gross Rent 2009	528
Median Gross Rent % change	20.3
Median Gross Rent change rank compared to US	841
Median Gross Rent change rank compared to New Mexico	12
Home Value 2015	132,800
Home Value 2009	124,800
Home Value % change	6.4
Home Value change rank compared to US	1,719
Home Value change rank compared to New Mexico	17
Rental Yield 2015	5.7
Rental Yield 2009	5.1
Rental Yield % change	13.0
Rental Yield change rank compared to US	1,064
Rental Yield change rank compared to New Mexico	9