Trend of Rental Yield in Hanover 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

CountyHanover County
Population 2015101,340
Population 200998,602
Population % change2.8
Population change rank compared to US1,381
Population change rank compared to Virginia67
Median Gross Rent 20151,044
Median Gross Rent 2009946
Median Gross Rent % change10.4
Median Gross Rent change rank compared to US2,192
Median Gross Rent change rank compared to Virginia97
Home Value 2015255,400
Home Value 2009269,300
Home Value % change-5.2
Home Value change rank compared to US2,609
Home Value change rank compared to Virginia110
Rental Yield 20154.9
Rental Yield 20094.2
Rental Yield % change16.4
Rental Yield change rank compared to US831
Rental Yield change rank compared to Virginia45