Trend of Rental Yield in Cook County, Illinois

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: Cook County under performed than Illinois by -1.1
• % Change Population: Cook County under performed than US by -5.4
• CAGR Population: Cook County under performed than state by -0.2
• CAGR Population: Cook County under performed than US by -0.9
• % Change Median Gross Rent: Cook County under performed than Illinois by -0.5
• % Change Median Gross Rent: Cook County under performed than US by -2.5
• CAGR Median Gross Rent: Cook County under performed than state by 0.0
• CAGR Median Gross Rent: Cook County under performed than US by -0.3
• % Change Home Value: Cook County under performed than Illinois by -4.9
• % Change Home Value: Cook County under performed than US by -14.5
• CAGR Home Value: Cook County under performed than state by -1.0
• CAGR Home Value: Cook County under performed than US by -2.7
• % Change Rental Yield: Cook County out performed than Illinois by 7.1
• % Change Rental Yield: Cook County out performed than US by 17.8
• CAGR Rental Yield: Cook County out performed than state by 0.9
• CAGR Rental Yield: Cook County out performed than US by 2.4

County	Cook County
Population 2015	5,236,393
Population 2009	5,257,001
Population % change	-0.4
Population change rank compared to US	2,228
Population change rank compared to Illinois	56
Median Gross Rent 2015	980
Median Gross Rent 2009	882
Median Gross Rent % change	11.1
Median Gross Rent change rank compared to US	2,081
Median Gross Rent change rank compared to Illinois	59
Home Value 2015	218,700
Home Value 2009	267,200
Home Value % change	-18.2
Home Value change rank compared to US	2,987
Home Value change rank compared to Illinois	101
Rental Yield 2015	5.4
Rental Yield 2009	4.0
Rental Yield % change	35.8
Rental Yield change rank compared to US	224
Rental Yield change rank compared to Illinois	4