Trend of Rental Yield in Baraga 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: Baraga County out performed than Michigan by 1.8
• % Change Population: Baraga County under performed than US by -4.5
• CAGR Population: Baraga County out performed than state by 0.3
• CAGR Population: Baraga County under performed than US by -0.7
• % Change Median Gross Rent: Baraga County out performed than Michigan by 6.3
• % Change Median Gross Rent: Baraga County out performed than US by 3.2
• CAGR Median Gross Rent: Baraga County out performed than state by 0.9
• CAGR Median Gross Rent: Baraga County out performed than US by 0.5
• % Change Home Value: Baraga County out performed than Michigan by 18.6
• % Change Home Value: Baraga County out performed than US by 5.3
• CAGR Home Value: Baraga County out performed than state by 3.4
• CAGR Home Value: Baraga County out performed than US by 0.9
• % Change Rental Yield: Baraga County under performed than Michigan by -18.2
• % Change Rental Yield: Baraga County under performed than US by -3.0
• CAGR Rental Yield: Baraga County under performed than state by -2.6
• CAGR Rental Yield: Baraga County under performed than US by -0.5

County	Baraga County
Population 2015	8,690
Population 2009	8,650
Population % change	0.5
Population change rank compared to US	1,980
Population change rank compared to Michigan	26
Median Gross Rent 2015	516
Median Gross Rent 2009	442
Median Gross Rent % change	16.7
Median Gross Rent change rank compared to US	1,241
Median Gross Rent change rank compared to Michigan	19
Home Value 2015	88,100
Home Value 2009	86,700
Home Value % change	1.6
Home Value change rank compared to US	2,179
Home Value change rank compared to Michigan	6
Rental Yield 2015	7.0
Rental Yield 2009	6.1
Rental Yield % change	14.9
Rental Yield change rank compared to US	941
Rental Yield change rank compared to Michigan	62