Trend of Rental Yield in Mecosta 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: Mecosta County out performed than Michigan by 4.5
• % Change Population: Mecosta County under performed than US by -1.8
• CAGR Population: Mecosta County out performed than state by 0.7
• CAGR Population: Mecosta County under performed than US by -0.3
• % Change Median Gross Rent: Mecosta County under performed than Michigan by -7.8
• % Change Median Gross Rent: Mecosta County under performed than US by -11.0
• CAGR Median Gross Rent: Mecosta County under performed than state by -1.3
• CAGR Median Gross Rent: Mecosta County under performed than US by -1.7
• % Change Home Value: Mecosta County out performed than Michigan by 8.0
• % Change Home Value: Mecosta County under performed than US by -5.4
• CAGR Home Value: Mecosta County out performed than state by 1.5
• CAGR Home Value: Mecosta County under performed than US by -1.0
• % Change Rental Yield: Mecosta County under performed than Michigan by -20.3
• % Change Rental Yield: Mecosta County under performed than US by -5.1
• CAGR Rental Yield: Mecosta County under performed than state by -2.9
• CAGR Rental Yield: Mecosta County under performed than US by -0.8

County	Mecosta County
Population 2015	43,301
Population 2009	41,976
Population % change	3.2
Population change rank compared to US	1,288
Population change rank compared to Michigan	11
Median Gross Rent 2015	628
Median Gross Rent 2009	612
Median Gross Rent % change	2.6
Median Gross Rent change rank compared to US	2,872
Median Gross Rent change rank compared to Michigan	77
Home Value 2015	110,500
Home Value 2009	121,500
Home Value % change	-9.1
Home Value change rank compared to US	2,778
Home Value change rank compared to Michigan	35
Rental Yield 2015	6.8
Rental Yield 2009	6.0
Rental Yield % change	12.8
Rental Yield change rank compared to US	1,071
Rental Yield change rank compared to Michigan	68