Trend of Rental Yield in Carter County, Tennessee

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: Carter County under performed than Tennessee by -8.9
• % Change Population: Carter County under performed than US by -8.4
• CAGR Population: Carter County under performed than state by -1.5
• CAGR Population: Carter County under performed than US by -1.4
• % Change Median Gross Rent: Carter County out performed than Tennessee by 4.1
• % Change Median Gross Rent: Carter County out performed than US by 6.6
• CAGR Median Gross Rent: Carter County out performed than state by 0.6
• CAGR Median Gross Rent: Carter County out performed than US by 1.0
• % Change Home Value: Carter County out performed than Tennessee by 9.6
• % Change Home Value: Carter County out performed than US by 23.8
• CAGR Home Value: Carter County out performed than state by 1.4
• CAGR Home Value: Carter County out performed than US by 3.7
• % Change Rental Yield: Carter County under performed than Tennessee by -4.9
• % Change Rental Yield: Carter County under performed than US by -17.9
• CAGR Rental Yield: Carter County under performed than state by -0.8
• CAGR Rental Yield: Carter County under performed than US by -2.8

County	Carter County
Population 2015	56,941
Population 2009	58,955
Population % change	-3.4
Population change rank compared to US	2,787
Population change rank compared to Tennessee	92
Median Gross Rent 2015	565
Median Gross Rent 2009	470
Median Gross Rent % change	20.2
Median Gross Rent change rank compared to US	847
Median Gross Rent change rank compared to Tennessee	20
Home Value 2015	108,500
Home Value 2009	90,300
Home Value % change	20.2
Home Value change rank compared to US	557
Home Value change rank compared to Tennessee	8
Rental Yield 2015	6.2
Rental Yield 2009	6.2
Rental Yield % change	0.0
Rental Yield change rank compared to US	2,247
Rental Yield change rank compared to Tennessee	68