Trend of Rental Yield in Sussex 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: Sussex County under performed than Virginia by -8.5
• % Change Population: Sussex County under performed than US by -6.5
• CAGR Population: Sussex County under performed than state by -1.4
• CAGR Population: Sussex County under performed than US by -1.1
• % Change Median Gross Rent: Sussex County under performed than Virginia by -3.8
• % Change Median Gross Rent: Sussex County out performed than US by 2.5
• CAGR Median Gross Rent: Sussex County under performed than state by -0.6
• CAGR Median Gross Rent: Sussex County out performed than US by 0.4
• % Change Home Value: Sussex County out performed than Virginia by 27.1
• % Change Home Value: Sussex County out performed than US by 29.9
• CAGR Home Value: Sussex County out performed than state by 4.1
• CAGR Home Value: Sussex County out performed than US by 4.6
• % Change Rental Yield: Sussex County under performed than Virginia by -28.9
• % Change Rental Yield: Sussex County under performed than US by -26.0
• CAGR Rental Yield: Sussex County under performed than state by -4.6
• CAGR Rental Yield: Sussex County under performed than US by -4.2

County	Sussex County
Population 2015	11,864
Population 2009	12,051
Population % change	-1.6
Population change rank compared to US	2,490
Population change rank compared to Virginia	103
Median Gross Rent 2015	728
Median Gross Rent 2009	627
Median Gross Rent % change	16.1
Median Gross Rent change rank compared to US	1,327
Median Gross Rent change rank compared to Virginia	62
Home Value 2015	140,400
Home Value 2009	111,200
Home Value % change	26.3
Home Value change rank compared to US	316
Home Value change rank compared to Virginia	3
Rental Yield 2015	6.2
Rental Yield 2009	6.8
Rental Yield % change	-8.0
Rental Yield change rank compared to US	2,747
Rental Yield change rank compared to Virginia	124