Trend of Rental Yield in Arenac 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: Arenac County under performed than Michigan by -5.5
• % Change Population: Arenac County under performed than US by -11.9
• CAGR Population: Arenac County under performed than state by -1.0
• CAGR Population: Arenac County under performed than US by -2.0
• % Change Median Gross Rent: Arenac County out performed than Michigan by 4.4
• % Change Median Gross Rent: Arenac County out performed than US by 1.3
• CAGR Median Gross Rent: Arenac County out performed than state by 0.6
• CAGR Median Gross Rent: Arenac County out performed than US by 0.2
• % Change Home Value: Arenac County out performed than Michigan by 4.6
• % Change Home Value: Arenac County under performed than US by -8.7
• CAGR Home Value: Arenac County out performed than state by 0.9
• CAGR Home Value: Arenac County under performed than US by -1.6
• % Change Rental Yield: Arenac County under performed than Michigan by -1.9
• % Change Rental Yield: Arenac County out performed than US by 13.2
• CAGR Rental Yield: Arenac County under performed than state by -0.3
• CAGR Rental Yield: Arenac County out performed than US by 1.8

County	Arenac County
Population 2015	15,424
Population 2009	16,561
Population % change	-6.9
Population change rank compared to US	3,014
Population change rank compared to Michigan	79
Median Gross Rent 2015	587
Median Gross Rent 2009	511
Median Gross Rent % change	14.9
Median Gross Rent change rank compared to US	1,515
Median Gross Rent change rank compared to Michigan	31
Home Value 2015	87,500
Home Value 2009	99,900
Home Value % change	-12.4
Home Value change rank compared to US	2,870
Home Value change rank compared to Michigan	48
Rental Yield 2015	8.1
Rental Yield 2009	6.1
Rental Yield % change	31.2
Rental Yield change rank compared to US	316
Rental Yield change rank compared to Michigan	28