Trend of Rental Yield in Waynesboro 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: Waynesboro city under performed than Virginia by -9.5
• % Change Population: Waynesboro city under performed than US by -7.5
• CAGR Population: Waynesboro city under performed than state by -1.5
• CAGR Population: Waynesboro city under performed than US by -1.2
• % Change Median Gross Rent: Waynesboro city out performed than Virginia by 4.2
• % Change Median Gross Rent: Waynesboro city out performed than US by 10.5
• CAGR Median Gross Rent: Waynesboro city out performed than state by 0.6
• CAGR Median Gross Rent: Waynesboro city out performed than US by 1.6
• % Change Home Value: Waynesboro city under performed than Virginia by -1.3
• % Change Home Value: Waynesboro city out performed than US by 1.5
• CAGR Home Value: Waynesboro city under performed than state by -0.3
• CAGR Home Value: Waynesboro city out performed than US by 0.2
• % Change Rental Yield: Waynesboro city out performed than Virginia by 5.9
• % Change Rental Yield: Waynesboro city out performed than US by 8.9
• CAGR Rental Yield: Waynesboro city out performed than state by 0.8
• CAGR Rental Yield: Waynesboro city out performed than US by 1.2

County	Waynesboro city
Population 2015	21,150
Population 2009	21,699
Population % change	-2.5
Population change rank compared to US	2,663
Population change rank compared to Virginia	111
Median Gross Rent 2015	794
Median Gross Rent 2009	640
Median Gross Rent % change	24.1
Median Gross Rent change rank compared to US	562
Median Gross Rent change rank compared to Virginia	25
Home Value 2015	156,200
Home Value 2009	159,700
Home Value % change	-2.2
Home Value change rank compared to US	2,430
Home Value change rank compared to Virginia	98
Rental Yield 2015	6.1
Rental Yield 2009	4.8
Rental Yield % change	26.8
Rental Yield change rank compared to US	413
Rental Yield change rank compared to Virginia	22