Trend of Rental Yield in Wilkes County, North Carolina

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: Wilkes County under performed than North Carolina by -5.3
• % Change Population: Wilkes County under performed than US by -1.4
• CAGR Population: Wilkes County under performed than state by -0.8
• CAGR Population: Wilkes County under performed than US by -0.2
• % Change Median Gross Rent: Wilkes County out performed than North Carolina by 1.8
• % Change Median Gross Rent: Wilkes County out performed than US by 1.7
• CAGR Median Gross Rent: Wilkes County out performed than state by 0.3
• CAGR Median Gross Rent: Wilkes County out performed than US by 0.3
• % Change Home Value: Wilkes County out performed than North Carolina by 1.4
• % Change Home Value: Wilkes County out performed than US by 12.9
• CAGR Home Value: Wilkes County out performed than state by 0.2
• CAGR Home Value: Wilkes County out performed than US by 2.1
• % Change Rental Yield: Wilkes County out performed than North Carolina by 0.3
• % Change Rental Yield: Wilkes County under performed than US by -12.3
• CAGR Rental Yield: Wilkes County under performed than state by 0.0
• CAGR Rental Yield: Wilkes County under performed than US by -1.9

County	Wilkes County
Population 2015	68,946
Population 2009	66,563
Population % change	3.6
Population change rank compared to US	1,192
Population change rank compared to North Carolina	60
Median Gross Rent 2015	587
Median Gross Rent 2009	509
Median Gross Rent % change	15.3
Median Gross Rent change rank compared to US	1,436
Median Gross Rent change rank compared to North Carolina	37
Home Value 2015	114,800
Home Value 2009	105,100
Home Value % change	9.2
Home Value change rank compared to US	1,417
Home Value change rank compared to North Carolina	36
Rental Yield 2015	6.1
Rental Yield 2009	5.8
Rental Yield % change	5.6
Rental Yield change rank compared to US	1,709
Rental Yield change rank compared to North Carolina	55