Trend of Rental Yield in Benzie 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: Benzie County out performed than Michigan by 1.4
• % Change Population: Benzie County under performed than US by -5.0
• CAGR Population: Benzie County out performed than state by 0.2
• CAGR Population: Benzie County under performed than US by -0.8
• % Change Median Gross Rent: Benzie County under performed than Michigan by -9.4
• % Change Median Gross Rent: Benzie County under performed than US by -12.6
• CAGR Median Gross Rent: Benzie County under performed than state by -1.5
• CAGR Median Gross Rent: Benzie County under performed than US by -1.9
• % Change Home Value: Benzie County out performed than Michigan by 9.2
• % Change Home Value: Benzie County under performed than US by -4.1
• CAGR Home Value: Benzie County out performed than state by 1.8
• CAGR Home Value: Benzie County under performed than US by -0.7
• % Change Rental Yield: Benzie County under performed than Michigan by -23.5
• % Change Rental Yield: Benzie County under performed than US by -8.4
• CAGR Rental Yield: Benzie County under performed than state by -3.4
• CAGR Rental Yield: Benzie County under performed than US by -1.3

County	Benzie County
Population 2015	17,437
Population 2009	17,440
Population % change	0.0
Population change rank compared to US	2,130
Population change rank compared to Michigan	33
Median Gross Rent 2015	713
Median Gross Rent 2009	706
Median Gross Rent % change	1.0
Median Gross Rent change rank compared to US	2,938
Median Gross Rent change rank compared to Michigan	80
Home Value 2015	150,000
Home Value 2009	162,700
Home Value % change	-7.8
Home Value change rank compared to US	2,734
Home Value change rank compared to Michigan	30
Rental Yield 2015	5.7
Rental Yield 2009	5.2
Rental Yield % change	9.5
Rental Yield change rank compared to US	1,333
Rental Yield change rank compared to Michigan	74