Trend of Rental Yield in Union 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: Union County under performed than Tennessee by -4.6
• % Change Population: Union County under performed than US by -4.1
• CAGR Population: Union County under performed than state by -0.8
• CAGR Population: Union County under performed than US by -0.7
• % Change Median Gross Rent: Union County under performed than Tennessee by -4.5
• % Change Median Gross Rent: Union County under performed than US by -1.9
• CAGR Median Gross Rent: Union County under performed than state by -0.6
• CAGR Median Gross Rent: Union County under performed than US by -0.2
• % Change Home Value: Union County out performed than Tennessee by 6.3
• % Change Home Value: Union County out performed than US by 20.5
• CAGR Home Value: Union County out performed than state by 0.9
• CAGR Home Value: Union County out performed than US by 3.2
• % Change Rental Yield: Union County under performed than Tennessee by -9.5
• % Change Rental Yield: Union County under performed than US by -22.4
• CAGR Rental Yield: Union County under performed than state by -1.6
• CAGR Rental Yield: Union County under performed than US by -3.6

County	Union County
Population 2015	19,096
Population 2009	18,927
Population % change	0.9
Population change rank compared to US	1,848
Population change rank compared to Tennessee	72
Median Gross Rent 2015	585
Median Gross Rent 2009	524
Median Gross Rent % change	11.6
Median Gross Rent change rank compared to US	2,000
Median Gross Rent change rank compared to Tennessee	72
Home Value 2015	106,800
Home Value 2009	91,400
Home Value % change	16.8
Home Value change rank compared to US	761
Home Value change rank compared to Tennessee	22
Rental Yield 2015	6.6
Rental Yield 2009	6.9
Rental Yield % change	-4.5
Rental Yield change rank compared to US	2,569
Rental Yield change rank compared to Tennessee	78