Trend of Rental Yield in Norton 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: Norton city out performed than Virginia by 1.7
• % Change Population: Norton city out performed than US by 3.7
• CAGR Population: Norton city out performed than state by 0.3
• CAGR Population: Norton city out performed than US by 0.6
• % Change Median Gross Rent: Norton city under performed than Virginia by -13.6
• % Change Median Gross Rent: Norton city under performed than US by -7.3
• CAGR Median Gross Rent: Norton city under performed than state by -2.1
• CAGR Median Gross Rent: Norton city under performed than US by -1.1
• % Change Home Value: Norton city out performed than Virginia by 17.4
• % Change Home Value: Norton city out performed than US by 20.2
• CAGR Home Value: Norton city out performed than state by 2.7
• CAGR Home Value: Norton city out performed than US by 3.2
• % Change Rental Yield: Norton city under performed than Virginia by -29.7
• % Change Rental Yield: Norton city under performed than US by -26.7
• CAGR Rental Yield: Norton city under performed than state by -4.7
• CAGR Rental Yield: Norton city under performed than US by -4.3

County	Norton city
Population 2015	4,007
Population 2009	3,688
Population % change	8.6
Population change rank compared to US	475
Population change rank compared to Virginia	24
Median Gross Rent 2015	557
Median Gross Rent 2009	524
Median Gross Rent % change	6.3
Median Gross Rent change rank compared to US	2,668
Median Gross Rent change rank compared to Virginia	118
Home Value 2015	91,600
Home Value 2009	78,600
Home Value % change	16.5
Home Value change rank compared to US	785
Home Value change rank compared to Virginia	18
Rental Yield 2015	7.3
Rental Yield 2009	8
Rental Yield % change	-8.8
Rental Yield change rank compared to US	2,776
Rental Yield change rank compared to Virginia	127