Trend of Rental Yield in Elk County, Pennsylvania

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: Elk County under performed than Pennsylvania by -5.9
• % Change Population: Elk County under performed than US by -8.7
• CAGR Population: Elk County under performed than state by -0.9
• CAGR Population: Elk County under performed than US by -1.4
• % Change Median Gross Rent: Elk County under performed than Pennsylvania by -13.9
• % Change Median Gross Rent: Elk County under performed than US by -10.2
• CAGR Median Gross Rent: Elk County under performed than state by -2.1
• CAGR Median Gross Rent: Elk County under performed than US by -1.5
• % Change Home Value: Elk County under performed than Pennsylvania by -7.0
• % Change Home Value: Elk County out performed than US by 5.7
• CAGR Home Value: Elk County under performed than state by -1.1
• CAGR Home Value: Elk County out performed than US by 0.9
• % Change Rental Yield: Elk County under performed than Pennsylvania by -6.3
• % Change Rental Yield: Elk County under performed than US by -16.6
• CAGR Rental Yield: Elk County under performed than state by -1.0
• CAGR Rental Yield: Elk County under performed than US by -2.6

County	Elk County
Population 2015	31,370
Population 2009	32,594
Population % change	-3.8
Population change rank compared to US	2,819
Population change rank compared to Pennsylvania	63
Median Gross Rent 2015	546
Median Gross Rent 2009	528
Median Gross Rent % change	3.4
Median Gross Rent change rank compared to US	2,843
Median Gross Rent change rank compared to Pennsylvania	67
Home Value 2015	90,700
Home Value 2009	88,900
Home Value % change	2.0
Home Value change rank compared to US	2,143
Home Value change rank compared to Pennsylvania	57
Rental Yield 2015	7.2
Rental Yield 2009	7.1
Rental Yield % change	1.4
Rental Yield change rank compared to US	2,131
Rental Yield change rank compared to Pennsylvania	47