Trend of Rental Yield in Kent County, Michigan

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: Kent County out performed than Michigan by 4.8
• % Change Population: Kent County under performed than US by -1.5
• CAGR Population: Kent County out performed than state by 0.8
• CAGR Population: Kent County under performed than US by -0.2
• % Change Median Gross Rent: Kent County out performed than Michigan by 1.2
• % Change Median Gross Rent: Kent County under performed than US by -1.9
• CAGR Median Gross Rent: Kent County out performed than state by 0.2
• CAGR Median Gross Rent: Kent County under performed than US by -0.2
• % Change Home Value: Kent County out performed than Michigan by 11.3
• % Change Home Value: Kent County under performed than US by -2.0
• CAGR Home Value: Kent County out performed than state by 2.1
• CAGR Home Value: Kent County under performed than US by -0.4
• % Change Rental Yield: Kent County under performed than Michigan by -14.7
• % Change Rental Yield: Kent County out performed than US by 0.5
• CAGR Rental Yield: Kent County under performed than state by -2.0
• CAGR Rental Yield: Kent County out performed than US by 0.1

County	Kent County
Population 2015	622,590
Population 2009	601,813
Population % change	3.5
Population change rank compared to US	1,217
Population change rank compared to Michigan	9
Median Gross Rent 2015	767
Median Gross Rent 2009	687
Median Gross Rent % change	11.6
Median Gross Rent change rank compared to US	1,999
Median Gross Rent change rank compared to Michigan	41
Home Value 2015	139,300
Home Value 2009	147,700
Home Value % change	-5.7
Home Value change rank compared to US	2,632
Home Value change rank compared to Michigan	21
Rental Yield 2015	6.6
Rental Yield 2009	5.6
Rental Yield % change	18.4
Rental Yield change rank compared to US	720
Rental Yield change rank compared to Michigan	59