Trend of Rental Yield in Shelby County, Alabama

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: Shelby County out performed than Alabama by 7.0
• % Change Population: Shelby County out performed than US by 6.2
• CAGR Population: Shelby County out performed than state by 1.1
• CAGR Population: Shelby County out performed than US by 1.0
• % Change Median Gross Rent: Shelby County out performed than Alabama by 1.5
• % Change Median Gross Rent: Shelby County out performed than US by 3.4
• CAGR Median Gross Rent: Shelby County out performed than state by 0.2
• CAGR Median Gross Rent: Shelby County out performed than US by 0.5
• % Change Home Value: Shelby County under performed than Alabama by -9.6
• % Change Home Value: Shelby County out performed than US by 6.2
• CAGR Home Value: Shelby County under performed than state by -1.5
• CAGR Home Value: Shelby County out performed than US by 1.0
• % Change Rental Yield: Shelby County out performed than Alabama by 11.1
• % Change Rental Yield: Shelby County under performed than US by -3.8
• CAGR Rental Yield: Shelby County out performed than state by 1.7
• CAGR Rental Yield: Shelby County under performed than US by -0.6

County	Shelby County
Population 2015	203,530
Population 2009	182,996
Population % change	11.2
Population change rank compared to US	311
Population change rank compared to Alabama	7
Median Gross Rent 2015	944
Median Gross Rent 2009	807
Median Gross Rent % change	17.0
Median Gross Rent change rank compared to US	1,217
Median Gross Rent change rank compared to Alabama	25
Home Value 2015	192,800
Home Value 2009	188,000
Home Value % change	2.6
Home Value change rank compared to US	2,095
Home Value change rank compared to Alabama	58
Rental Yield 2015	5.9
Rental Yield 2009	5.2
Rental Yield % change	14.1
Rental Yield change rank compared to US	991
Rental Yield change rank compared to Alabama	11