Trend of Rental Yield in Union 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: Union County out performed than New Mexico by 9.5
• % Change Population: Union County out performed than US by 10.6
• CAGR Population: Union County out performed than state by 1.4
• CAGR Population: Union County out performed than US by 1.6
• % Change Median Gross Rent: Union County out performed than New Mexico by 0.4
• % Change Median Gross Rent: Union County out performed than US by 4.7
• CAGR Median Gross Rent: Union County under performed than state by 0.0
• CAGR Median Gross Rent: Union County out performed than US by 0.7
• % Change Home Value: Union County under performed than New Mexico by -9.1
• % Change Home Value: Union County out performed than US by 1.1
• CAGR Home Value: Union County under performed than state by -1.5
• CAGR Home Value: Union County out performed than US by 0.2
• % Change Rental Yield: Union County out performed than New Mexico by 10.7
• % Change Rental Yield: Union County out performed than US by 3.5
• CAGR Rental Yield: Union County out performed than state by 1.6
• CAGR Rental Yield: Union County out performed than US by 0.5

County	Union County
Population 2015	4,339
Population 2009	3,755
Population % change	15.6
Population change rank compared to US	149
Population change rank compared to New Mexico	3
Median Gross Rent 2015	646
Median Gross Rent 2009	546
Median Gross Rent % change	18.3
Median Gross Rent change rank compared to US	1,059
Median Gross Rent change rank compared to New Mexico	13
Home Value 2015	87,400
Home Value 2009	89,700
Home Value % change	-2.6
Home Value change rank compared to US	2,449
Home Value change rank compared to New Mexico	27
Rental Yield 2015	8.9
Rental Yield 2009	7.3
Rental Yield % change	21.4
Rental Yield change rank compared to US	597
Rental Yield change rank compared to New Mexico	5