Trend of Rental Yield in Galax 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: Galax city under performed than Virginia by -5.9
• % Change Population: Galax city under performed than US by -4.0
• CAGR Population: Galax city under performed than state by -0.9
• CAGR Population: Galax city under performed than US by -0.6
• % Change Median Gross Rent: Galax city under performed than Virginia by -6.8
• % Change Median Gross Rent: Galax city under performed than US by -0.6
• CAGR Median Gross Rent: Galax city under performed than state by -1.0
• CAGR Median Gross Rent: Galax city under performed than US by 0.0
• % Change Home Value: Galax city out performed than Virginia by 11.4
• % Change Home Value: Galax city out performed than US by 14.2
• CAGR Home Value: Galax city out performed than state by 1.8
• CAGR Home Value: Galax city out performed than US by 2.3
• % Change Rental Yield: Galax city under performed than Virginia by -18.7
• % Change Rental Yield: Galax city under performed than US by -15.7
• CAGR Rental Yield: Galax city under performed than state by -2.8
• CAGR Rental Yield: Galax city under performed than US by -2.4

County	Galax city
Population 2015	6,876
Population 2009	6,806
Population % change	1.0
Population change rank compared to US	1,811
Population change rank compared to Virginia	79
Median Gross Rent 2015	529
Median Gross Rent 2009	468
Median Gross Rent % change	13.0
Median Gross Rent change rank compared to US	1,790
Median Gross Rent change rank compared to Virginia	87
Home Value 2015	91,000
Home Value 2009	82,300
Home Value % change	10.6
Home Value change rank compared to US	1,267
Home Value change rank compared to Virginia	36
Rental Yield 2015	7.0
Rental Yield 2009	6.8
Rental Yield % change	2.2
Rental Yield change rank compared to US	2,060
Rental Yield change rank compared to Virginia	106