Trend of Rental Yield in Steele 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: Steele County under performed than North Dakota by -10.2
• % Change Population: Steele County under performed than US by -2.4
• CAGR Population: Steele County under performed than state by -1.6
• CAGR Population: Steele County under performed than US by -0.4
• % Change Median Gross Rent: Steele County under performed than North Dakota by -14.7
• % Change Median Gross Rent: Steele County out performed than US by 4.2
• CAGR Median Gross Rent: Steele County under performed than state by -2.0
• CAGR Median Gross Rent: Steele County out performed than US by 0.7
• % Change Home Value: Steele County under performed than North Dakota by -24.1
• % Change Home Value: Steele County out performed than US by 27.1
• CAGR Home Value: Steele County under performed than state by -3.1
• CAGR Home Value: Steele County out performed than US by 4.2
• % Change Rental Yield: Steele County out performed than North Dakota by 5.6
• % Change Rental Yield: Steele County under performed than US by -22.4
• CAGR Rental Yield: Steele County out performed than state by 1.0
• CAGR Rental Yield: Steele County under performed than US by -3.6

County	Steele County
Population 2015	1,979
Population 2009	1,929
Population % change	2.6
Population change rank compared to US	1,424
Population change rank compared to North Dakota	28
Median Gross Rent 2015	463
Median Gross Rent 2009	393
Median Gross Rent % change	17.8
Median Gross Rent change rank compared to US	1,111
Median Gross Rent change rank compared to North Dakota	47
Home Value 2015	74,900
Home Value 2009	60,700
Home Value % change	23.4
Home Value change rank compared to US	406
Home Value change rank compared to North Dakota	42
Rental Yield 2015	7.4
Rental Yield 2009	7.8
Rental Yield % change	-4.5
Rental Yield change rank compared to US	2,571
Rental Yield change rank compared to North Dakota	19