Trend of Rental Yield in Morton 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: Morton County under performed than North Dakota by -0.7
• % Change Population: Morton County out performed than US by 7.1
• CAGR Population: Morton County under performed than state by -0.1
• CAGR Population: Morton County out performed than US by 1.1
• % Change Median Gross Rent: Morton County out performed than North Dakota by 19.6
• % Change Median Gross Rent: Morton County out performed than US by 38.5
• CAGR Median Gross Rent: Morton County out performed than state by 2.4
• CAGR Median Gross Rent: Morton County out performed than US by 5.1
• % Change Home Value: Morton County out performed than North Dakota by 12.3
• % Change Home Value: Morton County out performed than US by 63.4
• CAGR Home Value: Morton County out performed than state by 1.4
• CAGR Home Value: Morton County out performed than US by 8.7
• % Change Rental Yield: Morton County out performed than North Dakota by 5.3
• % Change Rental Yield: Morton County under performed than US by -22.7
• CAGR Rental Yield: Morton County out performed than state by 1.0
• CAGR Rental Yield: Morton County under performed than US by -3.6

County	Morton County
Population 2015	28,985
Population 2009	25,850
Population % change	12.1
Population change rank compared to US	257
Population change rank compared to North Dakota	12
Median Gross Rent 2015	762
Median Gross Rent 2009	501
Median Gross Rent % change	52.1
Median Gross Rent change rank compared to US	61
Median Gross Rent change rank compared to North Dakota	11
Home Value 2015	165,500
Home Value 2009	103,600
Home Value % change	59.7
Home Value change rank compared to US	44
Home Value change rank compared to North Dakota	18
Rental Yield 2015	5.5
Rental Yield 2009	5.8
Rental Yield % change	-4.8
Rental Yield change rank compared to US	2,588
Rental Yield change rank compared to North Dakota	20