Trend of Rental Yield in Lee 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: Lee County under performed than Virginia by -6.1
• % Change Population: Lee County under performed than US by -4.2
• CAGR Population: Lee County under performed than state by -1.0
• CAGR Population: Lee County under performed than US by -0.7
• % Change Median Gross Rent: Lee County out performed than Virginia by 1.3
• % Change Median Gross Rent: Lee County out performed than US by 7.6
• CAGR Median Gross Rent: Lee County out performed than state by 0.2
• CAGR Median Gross Rent: Lee County out performed than US by 1.2
• % Change Home Value: Lee County out performed than Virginia by 7.8
• % Change Home Value: Lee County out performed than US by 10.6
• CAGR Home Value: Lee County out performed than state by 1.2
• CAGR Home Value: Lee County out performed than US by 1.7
• % Change Rental Yield: Lee County under performed than Virginia by -7.6
• % Change Rental Yield: Lee County under performed than US by -4.6
• CAGR Rental Yield: Lee County under performed than state by -1.1
• CAGR Rental Yield: Lee County under performed than US by -0.7

County	Lee County
Population 2015	25,206
Population 2009	25,001
Population % change	0.8
Population change rank compared to US	1,874
Population change rank compared to Virginia	81
Median Gross Rent 2015	497
Median Gross Rent 2009	410
Median Gross Rent % change	21.2
Median Gross Rent change rank compared to US	769
Median Gross Rent change rank compared to Virginia	36
Home Value 2015	78,400
Home Value 2009	73,300
Home Value % change	7.0
Home Value change rank compared to US	1,657
Home Value change rank compared to Virginia	55
Rental Yield 2015	7.6
Rental Yield 2009	6.7
Rental Yield % change	13.3
Rental Yield change rank compared to US	1,037
Rental Yield change rank compared to Virginia	59