Trend of Rental Yield in Spink 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: Spink County under performed than South Dakota by -7.4
• % Change Population: Spink County under performed than US by -6.5
• CAGR Population: Spink County under performed than state by -1.3
• CAGR Population: Spink County under performed than US by -1.1
• % Change Median Gross Rent: Spink County out performed than South Dakota by 5.1
• % Change Median Gross Rent: Spink County out performed than US by 9.7
• CAGR Median Gross Rent: Spink County out performed than state by 0.8
• CAGR Median Gross Rent: Spink County out performed than US by 1.5
• % Change Home Value: Spink County out performed than South Dakota by 2.7
• % Change Home Value: Spink County out performed than US by 28.2
• CAGR Home Value: Spink County out performed than state by 0.4
• CAGR Home Value: Spink County out performed than US by 4.3
• % Change Rental Yield: Spink County out performed than South Dakota by 1.9
• % Change Rental Yield: Spink County under performed than US by -18.9
• CAGR Rental Yield: Spink County out performed than state by 0.3
• CAGR Rental Yield: Spink County under performed than US by -3.0

County	Spink County
Population 2015	6,570
Population 2009	6,673
Population % change	-1.5
Population change rank compared to US	2,488
Population change rank compared to South Dakota	52
Median Gross Rent 2015	540
Median Gross Rent 2009	438
Median Gross Rent % change	23.3
Median Gross Rent change rank compared to US	615
Median Gross Rent change rank compared to South Dakota	27
Home Value 2015	74,200
Home Value 2009	59,600
Home Value % change	24.5
Home Value change rank compared to US	364
Home Value change rank compared to South Dakota	29
Rental Yield 2015	8.7
Rental Yield 2009	8.8
Rental Yield % change	-1.0
Rental Yield change rank compared to US	2,330
Rental Yield change rank compared to South Dakota	34