Trend of Rental Yield in Pitkin County, Colorado

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: Pitkin County out performed than Colorado by 4.8
• % Change Population: Pitkin County out performed than US by 8.8
• CAGR Population: Pitkin County out performed than state by 0.8
• CAGR Population: Pitkin County out performed than US by 1.4
• % Change Median Gross Rent: Pitkin County under performed than Colorado by -19.9
• % Change Median Gross Rent: Pitkin County under performed than US by -13.5
• CAGR Median Gross Rent: Pitkin County under performed than state by -3.1
• CAGR Median Gross Rent: Pitkin County under performed than US by -2.1
• % Change Home Value: Pitkin County under performed than Colorado by -19.4
• % Change Home Value: Pitkin County under performed than US by -9.8
• CAGR Home Value: Pitkin County under performed than state by -3.4
• CAGR Home Value: Pitkin County under performed than US by -1.8
• % Change Rental Yield: Pitkin County out performed than Colorado by 2.4
• % Change Rental Yield: Pitkin County under performed than US by -2.2
• CAGR Rental Yield: Pitkin County out performed than state by 0.4
• CAGR Rental Yield: Pitkin County under performed than US by -0.3

County	Pitkin County
Population 2015	17,420
Population 2009	15,314
Population % change	13.8
Population change rank compared to US	191
Population change rank compared to Colorado	6
Median Gross Rent 2015	1,278
Median Gross Rent 2009	1,277
Median Gross Rent % change	0.1
Median Gross Rent change rank compared to US	2,959
Median Gross Rent change rank compared to Colorado	60
Home Value 2015	620,700
Home Value 2009	717,700
Home Value % change	-13.5
Home Value change rank compared to US	2,892
Home Value change rank compared to Colorado	60
Rental Yield 2015	2.5
Rental Yield 2009	2.1
Rental Yield % change	15.7
Rental Yield change rank compared to US	892
Rental Yield change rank compared to Colorado	24