Trend of Rental Yield in Salem 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: Salem city under performed than Virginia by -6.8
• % Change Population: Salem city under performed than US by -4.9
• CAGR Population: Salem city under performed than state by -1.1
• CAGR Population: Salem city under performed than US by -0.8
• % Change Median Gross Rent: Salem city out performed than Virginia by 1.5
• % Change Median Gross Rent: Salem city out performed than US by 7.7
• CAGR Median Gross Rent: Salem city out performed than state by 0.2
• CAGR Median Gross Rent: Salem city out performed than US by 1.2
• % Change Home Value: Salem city out performed than Virginia by 10.5
• % Change Home Value: Salem city out performed than US by 13.4
• CAGR Home Value: Salem city out performed than state by 1.7
• CAGR Home Value: Salem city out performed than US by 2.2
• % Change Rental Yield: Salem city under performed than Virginia by -10.3
• % Change Rental Yield: Salem city under performed than US by -7.3
• CAGR Rental Yield: Salem city under performed than state by -1.5
• CAGR Rental Yield: Salem city under performed than US by -1.1

County	Salem city
Population 2015	25,165
Population 2009	25,139
Population % change	0.1
Population change rank compared to US	2,084
Population change rank compared to Virginia	85
Median Gross Rent 2015	836
Median Gross Rent 2009	689
Median Gross Rent % change	21.3
Median Gross Rent change rank compared to US	757
Median Gross Rent change rank compared to Virginia	35
Home Value 2015	173,100
Home Value 2009	157,800
Home Value % change	9.7
Home Value change rank compared to US	1,365
Home Value change rank compared to Virginia	43
Rental Yield 2015	5.8
Rental Yield 2009	5.2
Rental Yield % change	10.6
Rental Yield change rank compared to US	1,243
Rental Yield change rank compared to Virginia	69