Trend of Rental Yield in Wythe 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: Wythe County under performed than Virginia by -4.6
• % Change Population: Wythe County under performed than US by -2.6
• CAGR Population: Wythe County under performed than state by -0.7
• CAGR Population: Wythe County under performed than US by -0.4
• % Change Median Gross Rent: Wythe County out performed than Virginia by 4.6
• % Change Median Gross Rent: Wythe County out performed than US by 10.9
• CAGR Median Gross Rent: Wythe County out performed than state by 0.6
• CAGR Median Gross Rent: Wythe County out performed than US by 1.6
• % Change Home Value: Wythe County out performed than Virginia by 25.0
• % Change Home Value: Wythe County out performed than US by 27.8
• CAGR Home Value: Wythe County out performed than state by 3.8
• CAGR Home Value: Wythe County out performed than US by 4.3
• % Change Rental Yield: Wythe County under performed than Virginia by -20.7
• % Change Rental Yield: Wythe County under performed than US by -17.7
• CAGR Rental Yield: Wythe County under performed than state by -3.2
• CAGR Rental Yield: Wythe County under performed than US by -2.8

County	Wythe County
Population 2015	29,190
Population 2009	28,517
Population % change	2.4
Population change rank compared to US	1,490
Population change rank compared to Virginia	71
Median Gross Rent 2015	611
Median Gross Rent 2009	491
Median Gross Rent % change	24.4
Median Gross Rent change rank compared to US	533
Median Gross Rent change rank compared to Virginia	23
Home Value 2015	123,900
Home Value 2009	99,800
Home Value % change	24.1
Home Value change rank compared to US	378
Home Value change rank compared to Virginia	6
Rental Yield 2015	5.9
Rental Yield 2009	5.9
Rental Yield % change	0.2
Rental Yield change rank compared to US	2,232
Rental Yield change rank compared to Virginia	111