Trend of Rental Yield in Macomb 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: Macomb County out performed than Michigan by 4.5
• % Change Population: Macomb County under performed than US by -1.8
• CAGR Population: Macomb County out performed than state by 0.7
• CAGR Population: Macomb County under performed than US by -0.3
• % Change Median Gross Rent: Macomb County out performed than Michigan by 6.2
• % Change Median Gross Rent: Macomb County out performed than US by 3.1
• CAGR Median Gross Rent: Macomb County out performed than state by 0.9
• CAGR Median Gross Rent: Macomb County out performed than US by 0.5
• % Change Home Value: Macomb County under performed than Michigan by -6.0
• % Change Home Value: Macomb County under performed than US by -19.3
• CAGR Home Value: Macomb County under performed than state by -1.2
• CAGR Home Value: Macomb County under performed than US by -3.7
• % Change Rental Yield: Macomb County out performed than Michigan by 18.4
• % Change Rental Yield: Macomb County out performed than US by 33.6
• CAGR Rental Yield: Macomb County out performed than state by 2.3
• CAGR Rental Yield: Macomb County out performed than US by 4.4

County	Macomb County
Population 2015	854,689
Population 2009	828,469
Population % change	3.2
Population change rank compared to US	1,285
Population change rank compared to Michigan	10
Median Gross Rent 2015	861
Median Gross Rent 2009	738
Median Gross Rent % change	16.7
Median Gross Rent change rank compared to US	1,253
Median Gross Rent change rank compared to Michigan	20
Home Value 2015	126,000
Home Value 2009	163,600
Home Value % change	-23.0
Home Value change rank compared to US	3,044
Home Value change rank compared to Michigan	80
Rental Yield 2015	8.2
Rental Yield 2009	5.4
Rental Yield % change	51.5
Rental Yield change rank compared to US	75
Rental Yield change rank compared to Michigan	4