Trend of Rental Yield in Mitchell 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: Mitchell County under performed than Texas by -12.6
• % Change Population: Mitchell County under performed than US by -6.1
• CAGR Population: Mitchell County under performed than state by -2.0
• CAGR Population: Mitchell County under performed than US by -1.0
• % Change Median Gross Rent: Mitchell County out performed than Texas by 0.1
• % Change Median Gross Rent: Mitchell County out performed than US by 2.4
• CAGR Median Gross Rent: Mitchell County under performed than state by 0.0
• CAGR Median Gross Rent: Mitchell County out performed than US by 0.4
• % Change Home Value: Mitchell County under performed than Texas by -28.2
• % Change Home Value: Mitchell County under performed than US by -10.2
• CAGR Home Value: Mitchell County under performed than state by -4.8
• CAGR Home Value: Mitchell County under performed than US by -1.9
• % Change Rental Yield: Mitchell County out performed than Texas by 33.3
• % Change Rental Yield: Mitchell County out performed than US by 16.7
• CAGR Rental Yield: Mitchell County out performed than state by 4.9
• CAGR Rental Yield: Mitchell County out performed than US by 2.3

County	Mitchell County
Population 2015	9,169
Population 2009	9,275
Population % change	-1.1
Population change rank compared to US	2,401
Population change rank compared to Texas	208
Median Gross Rent 2015	603
Median Gross Rent 2009	520
Median Gross Rent % change	16.0
Median Gross Rent change rank compared to US	1,348
Median Gross Rent change rank compared to Texas	136
Home Value 2015	48,500
Home Value 2009	56,300
Home Value % change	-13.9
Home Value change rank compared to US	2,903
Home Value change rank compared to Texas	249
Rental Yield 2015	14.9
Rental Yield 2009	11.1
Rental Yield % change	34.6
Rental Yield change rank compared to US	246
Rental Yield change rank compared to Texas	12