Trend of Rental Yield in Elk County, Kansas

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: Elk County under performed than Kansas by -15.2
• % Change Population: Elk County under performed than US by -16.0
• CAGR Population: Elk County under performed than state by -2.6
• CAGR Population: Elk County under performed than US by -2.7
• % Change Median Gross Rent: Elk County out performed than Kansas by 33.8
• % Change Median Gross Rent: Elk County out performed than US by 36.3
• CAGR Median Gross Rent: Elk County out performed than state by 4.5
• CAGR Median Gross Rent: Elk County out performed than US by 4.9
• % Change Home Value: Elk County under performed than Kansas by -20.1
• % Change Home Value: Elk County under performed than US by -5.1
• CAGR Home Value: Elk County under performed than state by -3.3
• CAGR Home Value: Elk County under performed than US by -0.9
• % Change Rental Yield: Elk County out performed than Kansas by 59.9
• % Change Rental Yield: Elk County out performed than US by 46.3
• CAGR Rental Yield: Elk County out performed than state by 7.9
• CAGR Rental Yield: Elk County out performed than US by 5.8

County	Elk County
Population 2015	2,683
Population 2009	3,016
Population % change	-11.0
Population change rank compared to US	3,101
Population change rank compared to Kansas	105
Median Gross Rent 2015	532
Median Gross Rent 2009	355
Median Gross Rent % change	49.9
Median Gross Rent change rank compared to US	74
Median Gross Rent change rank compared to Kansas	7
Home Value 2015	49,200
Home Value 2009	53,900
Home Value % change	-8.7
Home Value change rank compared to US	2,763
Home Value change rank compared to Kansas	104
Rental Yield 2015	13.0
Rental Yield 2009	7.9
Rental Yield % change	64.2
Rental Yield change rank compared to US	29
Rental Yield change rank compared to Kansas	1