Trend of Rental Yield in Fairfax 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: Fairfax city under performed than Virginia by -6.8
• % Change Population: Fairfax city under performed than US by -4.9
• CAGR Population: Fairfax city under performed than state by -1.1
• CAGR Population: Fairfax city under performed than US by -0.8
• % Change Median Gross Rent: Fairfax city under performed than Virginia by -5.9
• % Change Median Gross Rent: Fairfax city out performed than US by 0.4
• CAGR Median Gross Rent: Fairfax city under performed than state by -0.9
• CAGR Median Gross Rent: Fairfax city out performed than US by 0.1
• % Change Home Value: Fairfax city under performed than Virginia by -3.9
• % Change Home Value: Fairfax city under performed than US by -1.1
• CAGR Home Value: Fairfax city under performed than state by -0.7
• CAGR Home Value: Fairfax city under performed than US by -0.2
• % Change Rental Yield: Fairfax city under performed than Virginia by -1.3
• % Change Rental Yield: Fairfax city out performed than US by 1.7
• CAGR Rental Yield: Fairfax city under performed than state by -0.2
• CAGR Rental Yield: Fairfax city out performed than US by 0.2

County	Fairfax city
Population 2015	23,402
Population 2009	23,369
Population % change	0.1
Population change rank compared to US	2,068
Population change rank compared to Virginia	83
Median Gross Rent 2015	1,692
Median Gross Rent 2009	1,485
Median Gross Rent % change	13.9
Median Gross Rent change rank compared to US	1,653
Median Gross Rent change rank compared to Virginia	76
Home Value 2015	470,300
Home Value 2009	493,800
Home Value % change	-4.8
Home Value change rank compared to US	2,590
Home Value change rank compared to Virginia	109
Rental Yield 2015	4.3
Rental Yield 2009	3.6
Rental Yield % change	19.6
Rental Yield change rank compared to US	660
Rental Yield change rank compared to Virginia	37