Trend of Rental Yield in Pickett 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: Pickett County out performed than Tennessee by 0.6
• % Change Population: Pickett County out performed than US by 1.1
• CAGR Population: Pickett County out performed than state by 0.1
• CAGR Population: Pickett County out performed than US by 0.2
• % Change Median Gross Rent: Pickett County out performed than Tennessee by 3.5
• % Change Median Gross Rent: Pickett County out performed than US by 6.0
• CAGR Median Gross Rent: Pickett County out performed than state by 0.5
• CAGR Median Gross Rent: Pickett County out performed than US by 0.9
• % Change Home Value: Pickett County under performed than Tennessee by -10.3
• % Change Home Value: Pickett County out performed than US by 3.9
• CAGR Home Value: Pickett County under performed than state by -1.7
• CAGR Home Value: Pickett County out performed than US by 0.6
• % Change Rental Yield: Pickett County out performed than Tennessee by 14.2
• % Change Rental Yield: Pickett County out performed than US by 1.3
• CAGR Rental Yield: Pickett County out performed than state by 2.2
• CAGR Rental Yield: Pickett County out performed than US by 0.2

County	Pickett County
Population 2015	5,097
Population 2009	4,803
Population % change	6.1
Population change rank compared to US	746
Population change rank compared to Tennessee	19
Median Gross Rent 2015	458
Median Gross Rent 2009	383
Median Gross Rent % change	19.6
Median Gross Rent change rank compared to US	917
Median Gross Rent change rank compared to Tennessee	21
Home Value 2015	106,700
Home Value 2009	106,400
Home Value % change	0.3
Home Value change rank compared to US	2,276
Home Value change rank compared to Tennessee	91
Rental Yield 2015	5.2
Rental Yield 2009	4.3
Rental Yield % change	19.2
Rental Yield change rank compared to US	689
Rental Yield change rank compared to Tennessee	8