Trend of Rental Yield in Kern County, California

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: Kern County out performed than California by 5.0
• % Change Population: Kern County out performed than US by 5.9
• CAGR Population: Kern County out performed than state by 0.8
• CAGR Population: Kern County out performed than US by 0.9
• % Change Median Gross Rent: Kern County out performed than California by 1.1
• % Change Median Gross Rent: Kern County under performed than US by 0.0
• CAGR Median Gross Rent: Kern County out performed than state by 0.1
• CAGR Median Gross Rent: Kern County under performed than US by 0.0
• % Change Home Value: Kern County under performed than California by -6.6
• % Change Home Value: Kern County under performed than US by -22.5
• CAGR Home Value: Kern County under performed than state by -1.3
• CAGR Home Value: Kern County under performed than US by -4.3
• % Change Rental Yield: Kern County out performed than California by 14.1
• % Change Rental Yield: Kern County out performed than US by 35.9
• CAGR Rental Yield: Kern County out performed than state by 1.7
• CAGR Rental Yield: Kern County out performed than US by 4.6

County	Kern County
Population 2015	865,736
Population 2009	780,953
Population % change	10.9
Population change rank compared to US	324
Population change rank compared to California	3
Median Gross Rent 2015	888
Median Gross Rent 2009	782
Median Gross Rent % change	13.6
Median Gross Rent change rank compared to US	1,701
Median Gross Rent change rank compared to California	19
Home Value 2015	167,400
Home Value 2009	226,800
Home Value % change	-26.2
Home Value change rank compared to US	3,075
Home Value change rank compared to California	35
Rental Yield 2015	6.4
Rental Yield 2009	4.1
Rental Yield % change	53.8
Rental Yield change rank compared to US	64
Rental Yield change rank compared to California	17