Trend of Rental Yield in Tripp 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: Tripp County under performed than South Dakota by -10.3
• % Change Population: Tripp County under performed than US by -9.5
• CAGR Population: Tripp County under performed than state by -1.8
• CAGR Population: Tripp County under performed than US by -1.6
• % Change Median Gross Rent: Tripp County out performed than South Dakota by 0.8
• % Change Median Gross Rent: Tripp County out performed than US by 5.4
• CAGR Median Gross Rent: Tripp County out performed than state by 0.1
• CAGR Median Gross Rent: Tripp County out performed than US by 0.8
• % Change Home Value: Tripp County under performed than South Dakota by -2.5
• % Change Home Value: Tripp County out performed than US by 22.9
• CAGR Home Value: Tripp County under performed than state by -0.3
• CAGR Home Value: Tripp County out performed than US by 3.6
• % Change Rental Yield: Tripp County out performed than South Dakota by 2.7
• % Change Rental Yield: Tripp County under performed than US by -18.1
• CAGR Rental Yield: Tripp County out performed than state by 0.5
• CAGR Rental Yield: Tripp County under performed than US by -2.8

County	Tripp County
Population 2015	5,504
Population 2009	5,761
Population % change	-4.5
Population change rank compared to US	2,889
Population change rank compared to South Dakota	56
Median Gross Rent 2015	557
Median Gross Rent 2009	468
Median Gross Rent % change	19.0
Median Gross Rent change rank compared to US	976
Median Gross Rent change rank compared to South Dakota	40
Home Value 2015	71,200
Home Value 2009	59,700
Home Value % change	19.3
Home Value change rank compared to US	607
Home Value change rank compared to South Dakota	42
Rental Yield 2015	9.4
Rental Yield 2009	9.4
Rental Yield % change	-0.2
Rental Yield change rank compared to US	2,266
Rental Yield change rank compared to South Dakota	30