Trend of Rental Yield in Pine County, Minnesota

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: Pine County under performed than Minnesota by -0.7
• % Change Population: Pine County under performed than US by -1.3
• CAGR Population: Pine County under performed than state by -0.1
• CAGR Population: Pine County under performed than US by -0.2
• % Change Median Gross Rent: Pine County out performed than Minnesota by 10.4
• % Change Median Gross Rent: Pine County out performed than US by 10.5
• CAGR Median Gross Rent: Pine County out performed than state by 1.5
• CAGR Median Gross Rent: Pine County out performed than US by 1.6
• % Change Home Value: Pine County under performed than Minnesota by -3.5
• % Change Home Value: Pine County under performed than US by -9.9
• CAGR Home Value: Pine County under performed than state by -0.7
• CAGR Home Value: Pine County under performed than US by -1.8
• % Change Rental Yield: Pine County out performed than Minnesota by 17.1
• % Change Rental Yield: Pine County out performed than US by 25.6
• CAGR Rental Yield: Pine County out performed than state by 2.2
• CAGR Rental Yield: Pine County out performed than US by 3.4

County	Pine County
Population 2015	29,218
Population 2009	28,175
Population % change	3.7
Population change rank compared to US	1,164
Population change rank compared to Minnesota	25
Median Gross Rent 2015	711
Median Gross Rent 2009	573
Median Gross Rent % change	24.1
Median Gross Rent change rank compared to US	560
Median Gross Rent change rank compared to Minnesota	15
Home Value 2015	141,200
Home Value 2009	163,300
Home Value % change	-13.5
Home Value change rank compared to US	2,893
Home Value change rank compared to Minnesota	80
Rental Yield 2015	6.0
Rental Yield 2009	4.2
Rental Yield % change	43.5
Rental Yield change rank compared to US	129
Rental Yield change rank compared to Minnesota	3