Trend of Rental Yield in McLean 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: McLean County out performed than North Dakota by 0.2
• % Change Population: McLean County out performed than US by 8.1
• CAGR Population: McLean County out performed than state by 0.1
• CAGR Population: McLean County out performed than US by 1.3
• % Change Median Gross Rent: McLean County out performed than North Dakota by 15.6
• % Change Median Gross Rent: McLean County out performed than US by 34.5
• CAGR Median Gross Rent: McLean County out performed than state by 2.0
• CAGR Median Gross Rent: McLean County out performed than US by 4.7
• % Change Home Value: McLean County out performed than North Dakota by 2.0
• % Change Home Value: McLean County out performed than US by 53.2
• CAGR Home Value: McLean County out performed than state by 0.2
• CAGR Home Value: McLean County out performed than US by 7.5
• % Change Rental Yield: McLean County out performed than North Dakota by 9.2
• % Change Rental Yield: McLean County under performed than US by -18.8
• CAGR Rental Yield: McLean County out performed than state by 1.6
• CAGR Rental Yield: McLean County under performed than US by -3.0

County	McLean County
Population 2015	9,451
Population 2009	8,360
Population % change	13.1
Population change rank compared to US	213
Population change rank compared to North Dakota	11
Median Gross Rent 2015	588
Median Gross Rent 2009	397
Median Gross Rent % change	48.1
Median Gross Rent change rank compared to US	79
Median Gross Rent change rank compared to North Dakota	12
Home Value 2015	130,500
Home Value 2009	87,300
Home Value % change	49.5
Home Value change rank compared to US	71
Home Value change rank compared to North Dakota	26
Rental Yield 2015	5.4
Rental Yield 2009	5.5
Rental Yield % change	-0.9
Rental Yield change rank compared to US	2,328
Rental Yield change rank compared to North Dakota	15