Trend of Rental Yield in Page 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: Page County under performed than Virginia by -7.7
• % Change Population: Page County under performed than US by -5.8
• CAGR Population: Page County under performed than state by -1.2
• CAGR Population: Page County under performed than US by -0.9
• % Change Median Gross Rent: Page County under performed than Virginia by -7.0
• % Change Median Gross Rent: Page County under performed than US by -0.7
• CAGR Median Gross Rent: Page County under performed than state by -1.1
• CAGR Median Gross Rent: Page County under performed than US by -0.1
• % Change Home Value: Page County out performed than Virginia by 11.3
• % Change Home Value: Page County out performed than US by 14.1
• CAGR Home Value: Page County out performed than state by 1.8
• CAGR Home Value: Page County out performed than US by 2.3
• % Change Rental Yield: Page County under performed than Virginia by -18.7
• % Change Rental Yield: Page County under performed than US by -15.7
• CAGR Rental Yield: Page County under performed than state by -2.8
• CAGR Rental Yield: Page County under performed than US by -2.4

County	Page County
Population 2015	23,843
Population 2009	24,026
Population % change	-0.8
Population change rank compared to US	2,309
Population change rank compared to Virginia	92
Median Gross Rent 2015	711
Median Gross Rent 2009	630
Median Gross Rent % change	12.9
Median Gross Rent change rank compared to US	1,823
Median Gross Rent change rank compared to Virginia	89
Home Value 2015	176,000
Home Value 2009	159,400
Home Value % change	10.4
Home Value change rank compared to US	1,287
Home Value change rank compared to Virginia	38
Rental Yield 2015	4.8
Rental Yield 2009	4.7
Rental Yield % change	2.2
Rental Yield change rank compared to US	2,062
Rental Yield change rank compared to Virginia	107