Trend of Rental Yield in Peoria 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: Peoria County out performed than Illinois by 1.3
• % Change Population: Peoria County under performed than US by -3.0
• CAGR Population: Peoria County out performed than state by 0.2
• CAGR Population: Peoria County under performed than US by -0.5
• % Change Median Gross Rent: Peoria County under performed than Illinois by -3.2
• % Change Median Gross Rent: Peoria County under performed than US by -5.2
• CAGR Median Gross Rent: Peoria County under performed than state by -0.5
• CAGR Median Gross Rent: Peoria County under performed than US by -0.8
• % Change Home Value: Peoria County out performed than Illinois by 24.6
• % Change Home Value: Peoria County out performed than US by 15.0
• CAGR Home Value: Peoria County out performed than state by 4.1
• CAGR Home Value: Peoria County out performed than US by 2.4
• % Change Rental Yield: Peoria County under performed than Illinois by -31.3
• % Change Rental Yield: Peoria County under performed than US by -20.6
• CAGR Rental Yield: Peoria County under performed than state by -4.8
• CAGR Rental Yield: Peoria County under performed than US by -3.3

County	Peoria County
Population 2015	187,112
Population 2009	183,474
Population % change	2.0
Population change rank compared to US	1,583
Population change rank compared to Illinois	22
Median Gross Rent 2015	713
Median Gross Rent 2009	658
Median Gross Rent % change	8.4
Median Gross Rent change rank compared to US	2,454
Median Gross Rent change rank compared to Illinois	77
Home Value 2015	126,600
Home Value 2009	113,700
Home Value % change	11.3
Home Value change rank compared to US	1,191
Home Value change rank compared to Illinois	27
Rental Yield 2015	6.8
Rental Yield 2009	6.9
Rental Yield % change	-2.7
Rental Yield change rank compared to US	2,445
Rental Yield change rank compared to Illinois	80