Trend of Rental Yield in Island County, Washington

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: Island County under performed than Washington by -9.8
• % Change Population: Island County under performed than US by -6.7
• CAGR Population: Island County under performed than state by -1.6
• CAGR Population: Island County under performed than US by -1.1
• % Change Median Gross Rent: Island County out performed than Washington by 1.1
• % Change Median Gross Rent: Island County out performed than US by 6.4
• CAGR Median Gross Rent: Island County out performed than state by 0.2
• CAGR Median Gross Rent: Island County out performed than US by 1.0
• % Change Home Value: Island County out performed than Washington by 5.0
• % Change Home Value: Island County out performed than US by 2.1
• CAGR Home Value: Island County out performed than state by 0.8
• CAGR Home Value: Island County out performed than US by 0.3
• % Change Rental Yield: Island County under performed than Washington by -5.3
• % Change Rental Yield: Island County out performed than US by 3.9
• CAGR Rental Yield: Island County under performed than state by -0.8
• CAGR Rental Yield: Island County out performed than US by 0.5

County	Island County
Population 2015	79,329
Population 2009	80,723
Population % change	-1.7
Population change rank compared to US	2,527
Population change rank compared to Washington	38
Median Gross Rent 2015	1,076
Median Gross Rent 2009	897
Median Gross Rent % change	20.0
Median Gross Rent change rank compared to US	875
Median Gross Rent change rank compared to Washington	14
Home Value 2015	290,900
Home Value 2009	295,500
Home Value % change	-1.6
Home Value change rank compared to US	2,386
Home Value change rank compared to Washington	22
Rental Yield 2015	4.4
Rental Yield 2009	3.6
Rental Yield % change	21.9
Rental Yield change rank compared to US	584
Rental Yield change rank compared to Washington	12