Trend of Rental Yield in Danville city, 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: Danville city under performed than Virginia by -12.5
• % Change Population: Danville city under performed than US by -10.6
• CAGR Population: Danville city under performed than state by -2.1
• CAGR Population: Danville city under performed than US by -1.8
• % Change Median Gross Rent: Danville city under performed than Virginia by -11.8
• % Change Median Gross Rent: Danville city under performed than US by -5.5
• CAGR Median Gross Rent: Danville city under performed than state by -1.8
• CAGR Median Gross Rent: Danville city under performed than US by -0.8
• % Change Home Value: Danville city out performed than Virginia by 0.6
• % Change Home Value: Danville city out performed than US by 3.4
• CAGR Home Value: Danville city out performed than state by 0.1
• CAGR Home Value: Danville city out performed than US by 0.6
• % Change Rental Yield: Danville city under performed than Virginia by -12.6
• % Change Rental Yield: Danville city under performed than US by -9.6
• CAGR Rental Yield: Danville city under performed than state by -1.9
• CAGR Rental Yield: Danville city under performed than US by -1.5

County	Danville city
Population 2015	42,450
Population 2009	44,978
Population % change	-5.6
Population change rank compared to US	2,961
Population change rank compared to Virginia	126
Median Gross Rent 2015	601
Median Gross Rent 2009	556
Median Gross Rent % change	8.1
Median Gross Rent change rank compared to US	2,492
Median Gross Rent change rank compared to Virginia	109
Home Value 2015	88,600
Home Value 2009	88,800
Home Value % change	-0.2
Home Value change rank compared to US	2,313
Home Value change rank compared to Virginia	91
Rental Yield 2015	8.1
Rental Yield 2009	7.5
Rental Yield % change	8.3
Rental Yield change rank compared to US	1,450
Rental Yield change rank compared to Virginia	80