Trend of Rental Yield in Gregg County, Texas

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: Gregg County under performed than Texas by -6.0
• % Change Population: Gregg County out performed than US by 0.4
• CAGR Population: Gregg County under performed than state by -0.9
• CAGR Population: Gregg County out performed than US by 0.1
• % Change Median Gross Rent: Gregg County out performed than Texas by 2.5
• % Change Median Gross Rent: Gregg County out performed than US by 4.8
• CAGR Median Gross Rent: Gregg County out performed than state by 0.4
• CAGR Median Gross Rent: Gregg County out performed than US by 0.8
• % Change Home Value: Gregg County out performed than Texas by 5.1
• % Change Home Value: Gregg County out performed than US by 23.1
• CAGR Home Value: Gregg County out performed than state by 0.7
• CAGR Home Value: Gregg County out performed than US by 3.6
• % Change Rental Yield: Gregg County under performed than Texas by -2.2
• % Change Rental Yield: Gregg County under performed than US by -18.8
• CAGR Rental Yield: Gregg County under performed than state by -0.3
• CAGR Rental Yield: Gregg County under performed than US by -2.9

County	Gregg County
Population 2015	123,178
Population 2009	116,901
Population % change	5.4
Population change rank compared to US	858
Population change rank compared to Texas	110
Median Gross Rent 2015	771
Median Gross Rent 2009	651
Median Gross Rent % change	18.4
Median Gross Rent change rank compared to US	1,041
Median Gross Rent change rank compared to Texas	105
Home Value 2015	124,600
Home Value 2009	104,300
Home Value % change	19.5
Home Value change rank compared to US	597
Home Value change rank compared to Texas	117
Rental Yield 2015	7.4
Rental Yield 2009	7.5
Rental Yield % change	-0.9
Rental Yield change rank compared to US	2,326
Rental Yield change rank compared to Texas	119