Trend of Rental Yield in Marion 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: Marion County under performed than Tennessee by -4.3
• % Change Population: Marion County under performed than US by -3.8
• CAGR Population: Marion County under performed than state by -0.7
• CAGR Population: Marion County under performed than US by -0.6
• % Change Median Gross Rent: Marion County under performed than Tennessee by -2.2
• % Change Median Gross Rent: Marion County out performed than US by 0.3
• CAGR Median Gross Rent: Marion County under performed than state by -0.3
• CAGR Median Gross Rent: Marion County out performed than US by 0.1
• % Change Home Value: Marion County out performed than Tennessee by 8.4
• % Change Home Value: Marion County out performed than US by 22.6
• CAGR Home Value: Marion County out performed than state by 1.2
• CAGR Home Value: Marion County out performed than US by 3.5
• % Change Rental Yield: Marion County under performed than Tennessee by -9.3
• % Change Rental Yield: Marion County under performed than US by -22.2
• CAGR Rental Yield: Marion County under performed than state by -1.5
• CAGR Rental Yield: Marion County under performed than US by -3.5

County	Marion County
Population 2015	28,306
Population 2009	27,960
Population % change	1.2
Population change rank compared to US	1,756
Population change rank compared to Tennessee	69
Median Gross Rent 2015	632
Median Gross Rent 2009	555
Median Gross Rent % change	13.9
Median Gross Rent change rank compared to US	1,659
Median Gross Rent change rank compared to Tennessee	57
Home Value 2015	119,100
Home Value 2009	100,100
Home Value % change	19.0
Home Value change rank compared to US	619
Home Value change rank compared to Tennessee	13
Rental Yield 2015	6.4
Rental Yield 2009	6.7
Rental Yield % change	-4.3
Rental Yield change rank compared to US	2,561
Rental Yield change rank compared to Tennessee	77