Trend of Rental Yield in Clay County, South Dakota

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: Clay County under performed than South Dakota by -1.5
• % Change Population: Clay County under performed than US by -0.7
• CAGR Population: Clay County under performed than state by -0.3
• CAGR Population: Clay County under performed than US by -0.1
• % Change Median Gross Rent: Clay County out performed than South Dakota by 9.2
• % Change Median Gross Rent: Clay County out performed than US by 13.8
• CAGR Median Gross Rent: Clay County out performed than state by 1.3
• CAGR Median Gross Rent: Clay County out performed than US by 2.0
• % Change Home Value: Clay County out performed than South Dakota by 1.8
• % Change Home Value: Clay County out performed than US by 27.2
• CAGR Home Value: Clay County out performed than state by 0.3
• CAGR Home Value: Clay County out performed than US by 4.2
• % Change Rental Yield: Clay County out performed than South Dakota by 6.0
• % Change Rental Yield: Clay County under performed than US by -14.8
• CAGR Rental Yield: Clay County out performed than state by 1.0
• CAGR Rental Yield: Clay County under performed than US by -2.3

County	Clay County
Population 2015	14,011
Population 2009	13,431
Population % change	4.3
Population change rank compared to US	1,040
Population change rank compared to South Dakota	24
Median Gross Rent 2015	679
Median Gross Rent 2009	533
Median Gross Rent % change	27.4
Median Gross Rent change rank compared to US	381
Median Gross Rent change rank compared to South Dakota	20
Home Value 2015	135,000
Home Value 2009	109,300
Home Value % change	23.5
Home Value change rank compared to US	401
Home Value change rank compared to South Dakota	30
Rental Yield 2015	6.0
Rental Yield 2009	5.9
Rental Yield % change	3.1
Rental Yield change rank compared to US	1,975
Rental Yield change rank compared to South Dakota	26