Trend of Rental Yield in Otero County, Colorado

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: Otero County under performed than Colorado by -10.4
• % Change Population: Otero County under performed than US by -6.4
• CAGR Population: Otero County under performed than state by -1.6
• CAGR Population: Otero County under performed than US by -1.0
• % Change Median Gross Rent: Otero County out performed than Colorado by 0.4
• % Change Median Gross Rent: Otero County out performed than US by 6.8
• CAGR Median Gross Rent: Otero County under performed than state by 0.0
• CAGR Median Gross Rent: Otero County out performed than US by 1.0
• % Change Home Value: Otero County under performed than Colorado by -4.1
• % Change Home Value: Otero County out performed than US by 5.4
• CAGR Home Value: Otero County under performed than state by -0.7
• CAGR Home Value: Otero County out performed than US by 0.9
• % Change Rental Yield: Otero County out performed than Colorado by 4.9
• % Change Rental Yield: Otero County out performed than US by 0.4
• CAGR Rental Yield: Otero County out performed than state by 0.7
• CAGR Rental Yield: Otero County under performed than US by 0.0

County	Otero County
Population 2015	18,572
Population 2009	18,833
Population % change	-1.4
Population change rank compared to US	2,460
Population change rank compared to Colorado	50
Median Gross Rent 2015	655
Median Gross Rent 2009	544
Median Gross Rent % change	20.4
Median Gross Rent change rank compared to US	829
Median Gross Rent change rank compared to Colorado	19
Home Value 2015	91,900
Home Value 2009	90,300
Home Value % change	1.8
Home Value change rank compared to US	2,169
Home Value change rank compared to Colorado	38
Rental Yield 2015	8.6
Rental Yield 2009	7.2
Rental Yield % change	18.3
Rental Yield change rank compared to US	725
Rental Yield change rank compared to Colorado	15