Trend of Rental Yield in Socorro 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

CountySocorro County
Population 201517,494
Population 200918,163
Population % change-3.7
Population change rank compared to US2,812
Population change rank compared to New Mexico26
Median Gross Rent 2015582
Median Gross Rent 2009540
Median Gross Rent % change7.8
Median Gross Rent change rank compared to US2,528
Median Gross Rent change rank compared to New Mexico27
Home Value 2015117,800
Home Value 2009105,700
Home Value % change11.4
Home Value change rank compared to US1,181
Home Value change rank compared to New Mexico12
Rental Yield 20155.9
Rental Yield 20096.1
Rental Yield % change-3.3
Rental Yield change rank compared to US2,489
Rental Yield change rank compared to New Mexico27