Trend of Rental Yield in Polk 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: Polk County out performed than Tennessee by 0.5
• % Change Population: Polk County out performed than US by 1.1
• CAGR Population: Polk County out performed than state by 0.1
• CAGR Population: Polk County out performed than US by 0.2
• % Change Median Gross Rent: Polk County out performed than Tennessee by 11.8
• % Change Median Gross Rent: Polk County out performed than US by 14.3
• CAGR Median Gross Rent: Polk County out performed than state by 1.7
• CAGR Median Gross Rent: Polk County out performed than US by 2.1
• % Change Home Value: Polk County out performed than Tennessee by 6.6
• % Change Home Value: Polk County out performed than US by 20.9
• CAGR Home Value: Polk County out performed than state by 1.0
• CAGR Home Value: Polk County out performed than US by 3.3
• % Change Rental Yield: Polk County out performed than Tennessee by 4.1
• % Change Rental Yield: Polk County under performed than US by -8.8
• CAGR Rental Yield: Polk County out performed than state by 0.7
• CAGR Rental Yield: Polk County under performed than US by -1.3

County	Polk County
Population 2015	16,687
Population 2009	15,735
Population % change	6.1
Population change rank compared to US	752
Population change rank compared to Tennessee	20
Median Gross Rent 2015	642
Median Gross Rent 2009	502
Median Gross Rent % change	27.9
Median Gross Rent change rank compared to US	361
Median Gross Rent change rank compared to Tennessee	6
Home Value 2015	109,100
Home Value 2009	93,100
Home Value % change	17.2
Home Value change rank compared to US	738
Home Value change rank compared to Tennessee	19
Rental Yield 2015	7.1
Rental Yield 2009	6.5
Rental Yield % change	9.1
Rental Yield change rank compared to US	1,383
Rental Yield change rank compared to Tennessee	28