Trend of Rental Yield in Suffolk 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: Suffolk city under performed than Virginia by -0.6
• % Change Population: Suffolk city out performed than US by 1.3
• CAGR Population: Suffolk city under performed than state by -0.1
• CAGR Population: Suffolk city out performed than US by 0.2
• % Change Median Gross Rent: Suffolk city out performed than Virginia by 12.0
• % Change Median Gross Rent: Suffolk city out performed than US by 18.3
• CAGR Median Gross Rent: Suffolk city out performed than state by 1.6
• CAGR Median Gross Rent: Suffolk city out performed than US by 2.6
• % Change Home Value: Suffolk city under performed than Virginia by -2.7
• % Change Home Value: Suffolk city out performed than US by 0.1
• CAGR Home Value: Suffolk city under performed than state by -0.5
• CAGR Home Value: Suffolk city under performed than US by 0.0
• % Change Rental Yield: Suffolk city out performed than Virginia by 15.8
• % Change Rental Yield: Suffolk city out performed than US by 18.7
• CAGR Rental Yield: Suffolk city out performed than state by 2.1
• CAGR Rental Yield: Suffolk city out performed than US by 2.5

County	Suffolk city
Population 2015	86,184
Population 2009	81,062
Population % change	6.3
Population change rank compared to US	707
Population change rank compared to Virginia	38
Median Gross Rent 2015	1,031
Median Gross Rent 2009	782
Median Gross Rent % change	31.8
Median Gross Rent change rank compared to US	262
Median Gross Rent change rank compared to Virginia	11
Home Value 2015	235,300
Home Value 2009	243,900
Home Value % change	-3.5
Home Value change rank compared to US	2,508
Home Value change rank compared to Virginia	103
Rental Yield 2015	5.3
Rental Yield 2009	3.8
Rental Yield % change	36.7
Rental Yield change rank compared to US	209
Rental Yield change rank compared to Virginia	11