Trend of Rental Yield in Grand Traverse 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
- Median Gross Rent
- Median Home Value
Our key findings
- % Change Population: Grand Traverse County
out performed
than Michigan by 7.1
- % Change Population: Grand Traverse County
out performed
than US by 0.7
- CAGR Population: Grand Traverse County
out performed
than state by 1.1
- CAGR Population: Grand Traverse County
out performed
than US by 0.1
- % Change Median Gross Rent: Grand Traverse County
under performed
than Michigan by -1.3
- % Change Median Gross Rent: Grand Traverse County
under performed
than US by -4.4
- CAGR Median Gross Rent: Grand Traverse County
under performed
than state by -0.2
- CAGR Median Gross Rent: Grand Traverse County
under performed
than US by -0.6
- % Change Home Value: Grand Traverse County
out performed
than Michigan by 13.1
- % Change Home Value: Grand Traverse County
under performed
than US by -0.3
- CAGR Home Value: Grand Traverse County
out performed
than state by 2.4
- CAGR Home Value: Grand Traverse County
under performed
than US by -0.1
- % Change Rental Yield: Grand Traverse County
under performed
than Michigan by -19.4
- % Change Rental Yield: Grand Traverse County
under performed
than US by -4.3
- CAGR Rental Yield: Grand Traverse County
under performed
than state by -2.7
- CAGR Rental Yield: Grand Traverse County
under performed
than US by -0.6
| County | Grand Traverse County |
| Population 2015 | 89,907 |
|---|
| Population 2009 | 85,076 |
|---|
| Population % change | 5.7 |
|---|
| Population change rank compared to US | 809 |
|---|
| Population change rank compared to Michigan | 3 |
|---|
| Median Gross Rent 2015 | 859 |
|---|
| Median Gross Rent 2009 | 787 |
|---|
| Median Gross Rent % change | 9.1 |
|---|
| Median Gross Rent change rank compared to US | 2,353 |
|---|
| Median Gross Rent change rank compared to Michigan | 55 |
|---|
| Home Value 2015 | 167,900 |
|---|
| Home Value 2009 | 174,800 |
|---|
| Home Value % change | -3.9 |
|---|
| Home Value change rank compared to US | 2,539 |
|---|
| Home Value change rank compared to Michigan | 18 |
|---|
| Rental Yield 2015 | 6.1 |
|---|
| Rental Yield 2009 | 5.4 |
|---|
| Rental Yield % change | 13.6 |
|---|
| Rental Yield change rank compared to US | 1,021 |
|---|
| Rental Yield change rank compared to Michigan | 67 |
|---|