Trend of Rental Yield in Monroe 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: Monroe County under performed than Michigan by -0.2
• % Change Population: Monroe County under performed than US by -6.6
• CAGR Population: Monroe County under performed than state by -0.1
• CAGR Population: Monroe County under performed than US by -1.1
• % Change Median Gross Rent: Monroe County out performed than Michigan by 0.1
• % Change Median Gross Rent: Monroe County under performed than US by -3.0
• CAGR Median Gross Rent: Monroe County under performed than state by 0.0
• CAGR Median Gross Rent: Monroe County under performed than US by -0.4
• % Change Home Value: Monroe County under performed than Michigan by 0.0
• % Change Home Value: Monroe County under performed than US by -13.4
• CAGR Home Value: Monroe County under performed than state by 0.0
• CAGR Home Value: Monroe County under performed than US by -2.5
• % Change Rental Yield: Monroe County out performed than Michigan by 0.2
• % Change Rental Yield: Monroe County out performed than US by 15.4
• CAGR Rental Yield: Monroe County under performed than state by 0.0
• CAGR Rental Yield: Monroe County out performed than US by 2.1

County	Monroe County
Population 2015	150,436
Population 2009	152,899
Population % change	-1.6
Population change rank compared to US	2,502
Population change rank compared to Michigan	48
Median Gross Rent 2015	784
Median Gross Rent 2009	709
Median Gross Rent % change	10.6
Median Gross Rent change rank compared to US	2,155
Median Gross Rent change rank compared to Michigan	46
Home Value 2015	137,200
Home Value 2009	165,400
Home Value % change	-17.0
Home Value change rank compared to US	2,964
Home Value change rank compared to Michigan	66
Rental Yield 2015	6.9
Rental Yield 2009	5.1
Rental Yield % change	33.3
Rental Yield change rank compared to US	272
Rental Yield change rank compared to Michigan	23