Trend of Rental Yield in Greene County, Virginia

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: Greene County under performed than Virginia by -1.1
• % Change Population: Greene County out performed than US by 0.9
• CAGR Population: Greene County under performed than state by -0.1
• CAGR Population: Greene County out performed than US by 0.2
• % Change Median Gross Rent: Greene County under performed than Virginia by -17.1
• % Change Median Gross Rent: Greene County under performed than US by -10.8
• CAGR Median Gross Rent: Greene County under performed than state by -2.6
• CAGR Median Gross Rent: Greene County under performed than US by -1.6
• % Change Home Value: Greene County out performed than Virginia by 13.3
• % Change Home Value: Greene County out performed than US by 16.1
• CAGR Home Value: Greene County out performed than state by 2.1
• CAGR Home Value: Greene County out performed than US by 2.6
• % Change Rental Yield: Greene County under performed than Virginia by -29.5
• % Change Rental Yield: Greene County under performed than US by -26.5
• CAGR Rental Yield: Greene County under performed than state by -4.7
• CAGR Rental Yield: Greene County under performed than US by -4.3

County	Greene County
Population 2015	18,938
Population 2009	17,890
Population % change	5.9
Population change rank compared to US	775
Population change rank compared to Virginia	43
Median Gross Rent 2015	928
Median Gross Rent 2009	903
Median Gross Rent % change	2.8
Median Gross Rent change rank compared to US	2,870
Median Gross Rent change rank compared to Virginia	125
Home Value 2015	241,800
Home Value 2009	215,000
Home Value % change	12.5
Home Value change rank compared to US	1,092
Home Value change rank compared to Virginia	29
Rental Yield 2015	4.6
Rental Yield 2009	5.0
Rental Yield % change	-8.6
Rental Yield change rank compared to US	2,765
Rental Yield change rank compared to Virginia	125