Trend of Rental Yield in Cass County, North Dakota

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: Cass County out performed than North Dakota by 5.1
• % Change Population: Cass County out performed than US by 12.9
• CAGR Population: Cass County out performed than state by 0.8
• CAGR Population: Cass County out performed than US by 2.0
• % Change Median Gross Rent: Cass County under performed than North Dakota by -12.9
• % Change Median Gross Rent: Cass County out performed than US by 6.1
• CAGR Median Gross Rent: Cass County under performed than state by -1.8
• CAGR Median Gross Rent: Cass County out performed than US by 0.9
• % Change Home Value: Cass County under performed than North Dakota by -28.1
• % Change Home Value: Cass County out performed than US by 23.0
• CAGR Home Value: Cass County under performed than state by -3.7
• CAGR Home Value: Cass County out performed than US by 3.6
• % Change Rental Yield: Cass County out performed than North Dakota by 10.4
• % Change Rental Yield: Cass County under performed than US by -17.6
• CAGR Rental Yield: Cass County out performed than state by 1.8
• CAGR Rental Yield: Cass County under performed than US by -2.8

County	Cass County
Population 2015	162,500
Population 2009	137,803
Population % change	17.9
Population change rank compared to US	105
Population change rank compared to North Dakota	9
Median Gross Rent 2015	712
Median Gross Rent 2009	595
Median Gross Rent % change	19.7
Median Gross Rent change rank compared to US	907
Median Gross Rent change rank compared to North Dakota	41
Home Value 2015	172,100
Home Value 2009	144,200
Home Value % change	19.3
Home Value change rank compared to US	604
Home Value change rank compared to North Dakota	48
Rental Yield 2015	5.0
Rental Yield 2009	5.0
Rental Yield % change	0.3
Rental Yield change rank compared to US	2,229
Rental Yield change rank compared to North Dakota	13