Trend of Rental Yield in Hopewell 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: Hopewell city under performed than Virginia by -9.8
• % Change Population: Hopewell city under performed than US by -7.8
• CAGR Population: Hopewell city under performed than state by -1.6
• CAGR Population: Hopewell city under performed than US by -1.3
• % Change Median Gross Rent: Hopewell city under performed than Virginia by -4.7
• % Change Median Gross Rent: Hopewell city out performed than US by 1.6
• CAGR Median Gross Rent: Hopewell city under performed than state by -0.7
• CAGR Median Gross Rent: Hopewell city out performed than US by 0.3
• % Change Home Value: Hopewell city out performed than Virginia by 2.4
• % Change Home Value: Hopewell city out performed than US by 5.2
• CAGR Home Value: Hopewell city out performed than state by 0.4
• CAGR Home Value: Hopewell city out performed than US by 0.9
• % Change Rental Yield: Hopewell city under performed than Virginia by -7.5
• % Change Rental Yield: Hopewell city under performed than US by -4.5
• CAGR Rental Yield: Hopewell city under performed than state by -1.1
• CAGR Rental Yield: Hopewell city under performed than US by -0.7

County	Hopewell city
Population 2015	22,279
Population 2009	22,933
Population % change	-2.9
Population change rank compared to US	2,713
Population change rank compared to Virginia	115
Median Gross Rent 2015	835
Median Gross Rent 2009	725
Median Gross Rent % change	15.2
Median Gross Rent change rank compared to US	1,460
Median Gross Rent change rank compared to Virginia	67
Home Value 2015	123,800
Home Value 2009	121,900
Home Value % change	1.6
Home Value change rank compared to US	2,184
Home Value change rank compared to Virginia	80
Rental Yield 2015	8.1
Rental Yield 2009	7.1
Rental Yield % change	13.4
Rental Yield change rank compared to US	1,031
Rental Yield change rank compared to Virginia	57