Trend of Rental Yield in Lake 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: Lake County under performed than Illinois by -0.6
• % Change Population: Lake County under performed than US by -4.9
• CAGR Population: Lake County under performed than state by -0.1
• CAGR Population: Lake County under performed than US by -0.8
• % Change Median Gross Rent: Lake County out performed than Illinois by 1.8
• % Change Median Gross Rent: Lake County under performed than US by -0.2
• CAGR Median Gross Rent: Lake County out performed than state by 0.3
• CAGR Median Gross Rent: Lake County under performed than US by 0.0
• % Change Home Value: Lake County under performed than Illinois by -1.7
• % Change Home Value: Lake County under performed than US by -11.3
• CAGR Home Value: Lake County under performed than state by -0.4
• CAGR Home Value: Lake County under performed than US by -2.1
• % Change Rental Yield: Lake County out performed than Illinois by 4.7
• % Change Rental Yield: Lake County out performed than US by 15.5
• CAGR Rental Yield: Lake County out performed than state by 0.6
• CAGR Rental Yield: Lake County out performed than US by 2.1

County	Lake County
Population 2015	702,898
Population 2009	702,558
Population % change	0.0
Population change rank compared to US	2,100
Population change rank compared to Illinois	50
Median Gross Rent 2015	1,069
Median Gross Rent 2009	943
Median Gross Rent % change	13.4
Median Gross Rent change rank compared to US	1,727
Median Gross Rent change rank compared to Illinois	41
Home Value 2015	245,300
Home Value 2009	288,600
Home Value % change	-15.0
Home Value change rank compared to US	2,927
Home Value change rank compared to Illinois	99
Rental Yield 2015	5.2
Rental Yield 2009	3.9
Rental Yield % change	33.4
Rental Yield change rank compared to US	268
Rental Yield change rank compared to Illinois	5