Trend of Rental Yield in Patrick 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

CountyPatrick County
Population 201518,264
Population 200918,755
Population % change-2.6
Population change rank compared to US2,678
Population change rank compared to Virginia112
Median Gross Rent 2015532
Median Gross Rent 2009421
Median Gross Rent % change26.4
Median Gross Rent change rank compared to US427
Median Gross Rent change rank compared to Virginia17
Home Value 2015111,100
Home Value 200999,400
Home Value % change11.8
Home Value change rank compared to US1,140
Home Value change rank compared to Virginia30
Rental Yield 20155.7
Rental Yield 20095.1
Rental Yield % change13.1
Rental Yield change rank compared to US1,060
Rental Yield change rank compared to Virginia62