Trend of Rental Yield in Mason 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: Mason County out performed than Michigan by 1.5
• % Change Population: Mason County under performed than US by -4.9
• CAGR Population: Mason County out performed than state by 0.2
• CAGR Population: Mason County under performed than US by -0.8
• % Change Median Gross Rent: Mason County out performed than Michigan by 5.6
• % Change Median Gross Rent: Mason County out performed than US by 2.5
• CAGR Median Gross Rent: Mason County out performed than state by 0.8
• CAGR Median Gross Rent: Mason County out performed than US by 0.4
• % Change Home Value: Mason County out performed than Michigan by 16.7
• % Change Home Value: Mason County out performed than US by 3.3
• CAGR Home Value: Mason County out performed than state by 3.0
• CAGR Home Value: Mason County out performed than US by 0.5
• % Change Rental Yield: Mason County under performed than Michigan by -16.7
• % Change Rental Yield: Mason County under performed than US by -1.5
• CAGR Rental Yield: Mason County under performed than state by -2.3
• CAGR Rental Yield: Mason County under performed than US by -0.2

County	Mason County
Population 2015	28,711
Population 2009	28,676
Population % change	0.1
Population change rank compared to US	2,078
Population change rank compared to Michigan	31
Median Gross Rent 2015	680
Median Gross Rent 2009	586
Median Gross Rent % change	16.0
Median Gross Rent change rank compared to US	1,334
Median Gross Rent change rank compared to Michigan	23
Home Value 2015	119,900
Home Value 2009	120,300
Home Value % change	-0.3
Home Value change rank compared to US	2,318
Home Value change rank compared to Michigan	11
Rental Yield 2015	6.8
Rental Yield 2009	5.8
Rental Yield % change	16.4
Rental Yield change rank compared to US	828
Rental Yield change rank compared to Michigan	61