Trend of Rental Yield in Lee 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: Lee County under performed than Illinois by -0.6
• % Change Population: Lee County under performed than US by -4.9
• CAGR Population: Lee County under performed than state by -0.1
• CAGR Population: Lee County under performed than US by -0.8
• % Change Median Gross Rent: Lee County out performed than Illinois by 6.1
• % Change Median Gross Rent: Lee County out performed than US by 4.1
• CAGR Median Gross Rent: Lee County out performed than state by 1.0
• CAGR Median Gross Rent: Lee County out performed than US by 0.7
• % Change Home Value: Lee County out performed than Illinois by 13.3
• % Change Home Value: Lee County out performed than US by 3.7
• CAGR Home Value: Lee County out performed than state by 2.3
• CAGR Home Value: Lee County out performed than US by 0.6
• % Change Rental Yield: Lee County under performed than Illinois by -10.9
• % Change Rental Yield: Lee County under performed than US by -0.2
• CAGR Rental Yield: Lee County under performed than state by -1.5
• CAGR Rental Yield: Lee County under performed than US by 0.0

County	Lee County
Population 2015	35,027
Population 2009	34,994
Population % change	0.1
Population change rank compared to US	2,086
Population change rank compared to Illinois	47
Median Gross Rent 2015	672
Median Gross Rent 2009	571
Median Gross Rent % change	17.7
Median Gross Rent change rank compared to US	1,131
Median Gross Rent change rank compared to Illinois	22
Home Value 2015	113,600
Home Value 2009	113,600
Home Value % change	0
Home Value change rank compared to US	2,297
Home Value change rank compared to Illinois	84
Rental Yield 2015	7.1
Rental Yield 2009	6.0
Rental Yield % change	17.7
Rental Yield change rank compared to US	763
Rental Yield change rank compared to Illinois	16