Trend of Rental Yield in Spokane 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: Spokane County under performed than Washington by -2.3
• % Change Population: Spokane County out performed than US by 0.7
• CAGR Population: Spokane County under performed than state by -0.4
• CAGR Population: Spokane County out performed than US by 0.1
• % Change Median Gross Rent: Spokane County under performed than Washington by -5.2
• % Change Median Gross Rent: Spokane County out performed than US by 0.1
• CAGR Median Gross Rent: Spokane County under performed than state by -0.7
• CAGR Median Gross Rent: Spokane County out performed than US by 0.1
• % Change Home Value: Spokane County out performed than Washington by 8.9
• % Change Home Value: Spokane County out performed than US by 6.1
• CAGR Home Value: Spokane County out performed than state by 1.5
• CAGR Home Value: Spokane County out performed than US by 1.0
• % Change Rental Yield: Spokane County under performed than Washington by -16.2
• % Change Rental Yield: Spokane County under performed than US by -6.9
• CAGR Rental Yield: Spokane County under performed than state by -2.3
• CAGR Rental Yield: Spokane County under performed than US by -1.0

County	Spokane County
Population 2015	480,832
Population 2009	454,927
Population % change	5.7
Population change rank compared to US	807
Population change rank compared to Washington	17
Median Gross Rent 2015	782
Median Gross Rent 2009	688
Median Gross Rent % change	13.7
Median Gross Rent change rank compared to US	1,684
Median Gross Rent change rank compared to Washington	29
Home Value 2015	183,300
Home Value 2009	179,000
Home Value % change	2.4
Home Value change rank compared to US	2,108
Home Value change rank compared to Washington	20
Rental Yield 2015	5.1
Rental Yield 2009	4.6
Rental Yield % change	11.0
Rental Yield change rank compared to US	1,214
Rental Yield change rank compared to Washington	26