Trend of Rental Yield in Allegan County, Michigan

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: Allegan County out performed than Michigan by 1.4
• % Change Population: Allegan County under performed than US by -5.0
• CAGR Population: Allegan County out performed than state by 0.2
• CAGR Population: Allegan County under performed than US by -0.8
• % Change Median Gross Rent: Allegan County out performed than Michigan by 5.0
• % Change Median Gross Rent: Allegan County out performed than US by 1.9
• CAGR Median Gross Rent: Allegan County out performed than state by 0.7
• CAGR Median Gross Rent: Allegan County out performed than US by 0.3
• % Change Home Value: Allegan County out performed than Michigan by 10.9
• % Change Home Value: Allegan County under performed than US by -2.5
• CAGR Home Value: Allegan County out performed than state by 2.0
• CAGR Home Value: Allegan County under performed than US by -0.5
• % Change Rental Yield: Allegan County under performed than Michigan by -10.0
• % Change Rental Yield: Allegan County out performed than US by 5.1
• CAGR Rental Yield: Allegan County under performed than state by -1.4
• CAGR Rental Yield: Allegan County out performed than US by 0.7

County	Allegan County
Population 2015	112,837
Population 2009	112,817
Population % change	0.0
Population change rank compared to US	2,109
Population change rank compared to Michigan	32
Median Gross Rent 2015	739
Median Gross Rent 2009	640
Median Gross Rent % change	15.5
Median Gross Rent change rank compared to US	1,417
Median Gross Rent change rank compared to Michigan	28
Home Value 2015	140,400
Home Value 2009	149,600
Home Value % change	-6.1
Home Value change rank compared to US	2,660
Home Value change rank compared to Michigan	25
Rental Yield 2015	6.3
Rental Yield 2009	5.1
Rental Yield % change	23.0
Rental Yield change rank compared to US	538
Rental Yield change rank compared to Michigan	47