Trend of Rental Yield in Union County, South 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: Union County under performed than South Carolina by -7.0
• % Change Population: Union County under performed than US by -3.8
• CAGR Population: Union County under performed than state by -1.1
• CAGR Population: Union County under performed than US by -0.6
• % Change Median Gross Rent: Union County under performed than South Carolina by 0.0
• % Change Median Gross Rent: Union County out performed than US by 2.6
• CAGR Median Gross Rent: Union County under performed than state by 0.0
• CAGR Median Gross Rent: Union County out performed than US by 0.4
• % Change Home Value: Union County under performed than South Carolina by -4.9
• % Change Home Value: Union County out performed than US by 7.7
• CAGR Home Value: Union County under performed than state by -0.7
• CAGR Home Value: Union County out performed than US by 1.3
• % Change Rental Yield: Union County out performed than South Carolina by 5.0
• % Change Rental Yield: Union County under performed than US by -6.2
• CAGR Rental Yield: Union County out performed than state by 0.8
• CAGR Rental Yield: Union County under performed than US by -0.9

County	Union County
Population 2015	28,125
Population 2009	27,800
Population % change	1.2
Population change rank compared to US	1,775
Population change rank compared to South Carolina	29
Median Gross Rent 2015	604
Median Gross Rent 2009	520
Median Gross Rent % change	16.2
Median Gross Rent change rank compared to US	1,322
Median Gross Rent change rank compared to South Carolina	18
Home Value 2015	72,600
Home Value 2009	69,800
Home Value % change	4.0
Home Value change rank compared to US	1,955
Home Value change rank compared to South Carolina	28
Rental Yield 2015	10.0
Rental Yield 2009	8.9
Rental Yield % change	11.7
Rental Yield change rank compared to US	1,160
Rental Yield change rank compared to South Carolina	18