Trend of Rental Yield in Aitkin County, Minnesota

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: Aitkin County under performed than Minnesota by -4.6
• % Change Population: Aitkin County under performed than US by -5.2
• CAGR Population: Aitkin County under performed than state by -0.7
• CAGR Population: Aitkin County under performed than US by -0.8
• % Change Median Gross Rent: Aitkin County out performed than Minnesota by 13.7
• % Change Median Gross Rent: Aitkin County out performed than US by 13.8
• CAGR Median Gross Rent: Aitkin County out performed than state by 1.9
• CAGR Median Gross Rent: Aitkin County out performed than US by 2.0
• % Change Home Value: Aitkin County out performed than Minnesota by 4.5
• % Change Home Value: Aitkin County under performed than US by -1.9
• CAGR Home Value: Aitkin County out performed than state by 0.8
• CAGR Home Value: Aitkin County under performed than US by -0.3
• % Change Rental Yield: Aitkin County out performed than Minnesota by 8.5
• % Change Rental Yield: Aitkin County out performed than US by 17.0
• CAGR Rental Yield: Aitkin County out performed than state by 1.1
• CAGR Rental Yield: Aitkin County out performed than US by 2.3

County	Aitkin County
Population 2015	15,839
Population 2009	15,871
Population % change	-0.2
Population change rank compared to US	2,173
Population change rank compared to Minnesota	56
Median Gross Rent 2015	633
Median Gross Rent 2009	497
Median Gross Rent % change	27.4
Median Gross Rent change rank compared to US	383
Median Gross Rent change rank compared to Minnesota	6
Home Value 2015	166,400
Home Value 2009	176,200
Home Value % change	-5.6
Home Value change rank compared to US	2,625
Home Value change rank compared to Minnesota	65
Rental Yield 2015	4.6
Rental Yield 2009	3.4
Rental Yield % change	34.9
Rental Yield change rank compared to US	242
Rental Yield change rank compared to Minnesota	8