Trend of Rental Yield in Franklin 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: Franklin city under performed than Virginia by -10.0
• % Change Population: Franklin city under performed than US by -8.1
• CAGR Population: Franklin city under performed than state by -1.6
• CAGR Population: Franklin city under performed than US by -1.3
• % Change Median Gross Rent: Franklin city under performed than Virginia by -4.8
• % Change Median Gross Rent: Franklin city out performed than US by 1.4
• CAGR Median Gross Rent: Franklin city under performed than state by -0.7
• CAGR Median Gross Rent: Franklin city out performed than US by 0.3
• % Change Home Value: Franklin city out performed than Virginia by 0.9
• % Change Home Value: Franklin city out performed than US by 3.7
• CAGR Home Value: Franklin city out performed than state by 0.1
• CAGR Home Value: Franklin city out performed than US by 0.6
• % Change Rental Yield: Franklin city under performed than Virginia by -5.9
• % Change Rental Yield: Franklin city under performed than US by -3.0
• CAGR Rental Yield: Franklin city under performed than state by -0.8
• CAGR Rental Yield: Franklin city under performed than US by -0.4

County	Franklin city
Population 2015	8,457
Population 2009	8,728
Population % change	-3.1
Population change rank compared to US	2,748
Population change rank compared to Virginia	118
Median Gross Rent 2015	781
Median Gross Rent 2009	679
Median Gross Rent % change	15.0
Median Gross Rent change rank compared to US	1,491
Median Gross Rent change rank compared to Virginia	70
Home Value 2015	178,700
Home Value 2009	178,600
Home Value % change	0.1
Home Value change rank compared to US	2,296
Home Value change rank compared to Virginia	88
Rental Yield 2015	5.2
Rental Yield 2009	4.6
Rental Yield % change	15.0
Rental Yield change rank compared to US	936
Rental Yield change rank compared to Virginia	50