Trend of Rental Yield in Wise 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: Wise County under performed than Virginia by -9.8
• % Change Population: Wise County under performed than US by -7.8
• CAGR Population: Wise County under performed than state by -1.6
• CAGR Population: Wise County under performed than US by -1.3
• % Change Median Gross Rent: Wise County out performed than Virginia by 3.8
• % Change Median Gross Rent: Wise County out performed than US by 10.1
• CAGR Median Gross Rent: Wise County out performed than state by 0.5
• CAGR Median Gross Rent: Wise County out performed than US by 1.5
• % Change Home Value: Wise County out performed than Virginia by 19.7
• % Change Home Value: Wise County out performed than US by 22.6
• CAGR Home Value: Wise County out performed than state by 3.0
• CAGR Home Value: Wise County out performed than US by 3.5
• % Change Rental Yield: Wise County under performed than Virginia by -16.8
• % Change Rental Yield: Wise County under performed than US by -13.9
• CAGR Rental Yield: Wise County under performed than state by -2.5
• CAGR Rental Yield: Wise County under performed than US by -2.1

County	Wise County
Population 2015	40,530
Population 2009	41,715
Population % change	-2.8
Population change rank compared to US	2,709
Population change rank compared to Virginia	114
Median Gross Rent 2015	600
Median Gross Rent 2009	485
Median Gross Rent % change	23.7
Median Gross Rent change rank compared to US	582
Median Gross Rent change rank compared to Virginia	26
Home Value 2015	87,500
Home Value 2009	73,600
Home Value % change	18.9
Home Value change rank compared to US	628
Home Value change rank compared to Virginia	15
Rental Yield 2015	8.2
Rental Yield 2009	7.9
Rental Yield % change	4.1
Rental Yield change rank compared to US	1,875
Rental Yield change rank compared to Virginia	101