Trend of Rental Yield in Richmond 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: Richmond city under performed than Virginia by -0.6
• % Change Population: Richmond city out performed than US by 1.4
• CAGR Population: Richmond city under performed than state by -0.1
• CAGR Population: Richmond city out performed than US by 0.2
• % Change Median Gross Rent: Richmond city under performed than Virginia by -4.7
• % Change Median Gross Rent: Richmond city out performed than US by 1.6
• CAGR Median Gross Rent: Richmond city under performed than state by -0.7
• CAGR Median Gross Rent: Richmond city out performed than US by 0.3
• % Change Home Value: Richmond city out performed than Virginia by 1.5
• % Change Home Value: Richmond city out performed than US by 4.3
• CAGR Home Value: Richmond city out performed than state by 0.2
• CAGR Home Value: Richmond city out performed than US by 0.7
• % Change Rental Yield: Richmond city under performed than Virginia by -6.5
• % Change Rental Yield: Richmond city under performed than US by -3.5
• CAGR Rental Yield: Richmond city under performed than state by -0.9
• CAGR Rental Yield: Richmond city under performed than US by -0.5

County	Richmond city
Population 2015	213,735
Population 2009	200,976
Population % change	6.3
Population change rank compared to US	703
Population change rank compared to Virginia	36
Median Gross Rent 2015	896
Median Gross Rent 2009	778
Median Gross Rent % change	15.2
Median Gross Rent change rank compared to US	1,462
Median Gross Rent change rank compared to Virginia	68
Home Value 2015	193,700
Home Value 2009	192,400
Home Value % change	0.7
Home Value change rank compared to US	2,248
Home Value change rank compared to Virginia	85
Rental Yield 2015	5.6
Rental Yield 2009	4.9
Rental Yield % change	14.4
Rental Yield change rank compared to US	970
Rental Yield change rank compared to Virginia	53