Trend of Rental Yield in Elbert County, Colorado

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: Elbert County under performed than Colorado by -4.3
• % Change Population: Elbert County under performed than US by -0.3
• CAGR Population: Elbert County under performed than state by -0.6
• CAGR Population: Elbert County under performed than US by 0.0
• % Change Median Gross Rent: Elbert County out performed than Colorado by 4.9
• % Change Median Gross Rent: Elbert County out performed than US by 11.3
• CAGR Median Gross Rent: Elbert County out performed than state by 0.7
• CAGR Median Gross Rent: Elbert County out performed than US by 1.7
• % Change Home Value: Elbert County under performed than Colorado by -5.3
• % Change Home Value: Elbert County out performed than US by 4.2
• CAGR Home Value: Elbert County under performed than state by -0.9
• CAGR Home Value: Elbert County out performed than US by 0.7
• % Change Rental Yield: Elbert County out performed than Colorado by 10.8
• % Change Rental Yield: Elbert County out performed than US by 6.3
• CAGR Rental Yield: Elbert County out performed than state by 1.6
• CAGR Rental Yield: Elbert County out performed than US by 0.9

County	Elbert County
Population 2015	23,855
Population 2009	22,786
Population % change	4.7
Population change rank compared to US	977
Population change rank compared to Colorado	31
Median Gross Rent 2015	1,083
Median Gross Rent 2009	867
Median Gross Rent % change	24.9
Median Gross Rent change rank compared to US	504
Median Gross Rent change rank compared to Colorado	8
Home Value 2015	337,400
Home Value 2009	335,500
Home Value % change	0.6
Home Value change rank compared to US	2,257
Home Value change rank compared to Colorado	44
Rental Yield 2015	3.9
Rental Yield 2009	3.1
Rental Yield % change	24.2
Rental Yield change rank compared to US	499
Rental Yield change rank compared to Colorado	9