Trend of Rental Yield in Cherokee County, Oklahoma

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: Cherokee County under performed than Oklahoma by -0.3
• % Change Population: Cherokee County out performed than US by 1.3
• CAGR Population: Cherokee County under performed than state by -0.1
• CAGR Population: Cherokee County out performed than US by 0.2
• % Change Median Gross Rent: Cherokee County out performed than Oklahoma by 0.7
• % Change Median Gross Rent: Cherokee County out performed than US by 5.5
• CAGR Median Gross Rent: Cherokee County out performed than state by 0.1
• CAGR Median Gross Rent: Cherokee County out performed than US by 0.9
• % Change Home Value: Cherokee County out performed than Oklahoma by 1.7
• % Change Home Value: Cherokee County out performed than US by 24.7
• CAGR Home Value: Cherokee County out performed than state by 0.2
• CAGR Home Value: Cherokee County out performed than US by 3.8
• % Change Rental Yield: Cherokee County under performed than Oklahoma by -0.8
• % Change Rental Yield: Cherokee County under performed than US by -19.5
• CAGR Rental Yield: Cherokee County under performed than state by -0.2
• CAGR Rental Yield: Cherokee County under performed than US by -3.1

County	Cherokee County
Population 2015	48,097
Population 2009	45,241
Population % change	6.3
Population change rank compared to US	708
Population change rank compared to Oklahoma	28
Median Gross Rent 2015	580
Median Gross Rent 2009	487
Median Gross Rent % change	19.1
Median Gross Rent change rank compared to US	968
Median Gross Rent change rank compared to Oklahoma	33
Home Value 2015	108,100
Home Value 2009	89,300
Home Value % change	21.1
Home Value change rank compared to US	513
Home Value change rank compared to Oklahoma	30
Rental Yield 2015	6.4
Rental Yield 2009	6.5
Rental Yield % change	-1.6
Rental Yield change rank compared to US	2,380
Rental Yield change rank compared to Oklahoma	50