Trend of Rental Yield in Bay 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: Bay County out performed than Michigan by 0.4
• % Change Population: Bay County under performed than US by -6.0
• CAGR Population: Bay County under performed than state by 0.0
• CAGR Population: Bay County under performed than US by -1.0
• % Change Median Gross Rent: Bay County out performed than Michigan by 8.4
• % Change Median Gross Rent: Bay County out performed than US by 5.2
• CAGR Median Gross Rent: Bay County out performed than state by 1.2
• CAGR Median Gross Rent: Bay County out performed than US by 0.8
• % Change Home Value: Bay County out performed than Michigan by 1.4
• % Change Home Value: Bay County under performed than US by -12.0
• CAGR Home Value: Bay County out performed than state by 0.3
• CAGR Home Value: Bay County under performed than US by -2.2
• % Change Rental Yield: Bay County out performed than Michigan by 7.7
• % Change Rental Yield: Bay County out performed than US by 22.9
• CAGR Rental Yield: Bay County out performed than state by 1.0
• CAGR Rental Yield: Bay County out performed than US by 3.1

County	Bay County
Population 2015	106,698
Population 2009	107,778
Population % change	-1.0
Population change rank compared to US	2,367
Population change rank compared to Michigan	41
Median Gross Rent 2015	657
Median Gross Rent 2009	553
Median Gross Rent % change	18.8
Median Gross Rent change rank compared to US	1,004
Median Gross Rent change rank compared to Michigan	11
Home Value 2015	92,800
Home Value 2009	110,000
Home Value % change	-15.6
Home Value change rank compared to US	2,941
Home Value change rank compared to Michigan	59
Rental Yield 2015	8.5
Rental Yield 2009	6.0
Rental Yield % change	40.8
Rental Yield change rank compared to US	157
Rental Yield change rank compared to Michigan	13