Trend of Rental Yield in Clay 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: Clay County out performed than Minnesota by 6.4
• % Change Population: Clay County out performed than US by 5.9
• CAGR Population: Clay County out performed than state by 1.0
• CAGR Population: Clay County out performed than US by 0.9
• % Change Median Gross Rent: Clay County out performed than Minnesota by 5.2
• % Change Median Gross Rent: Clay County out performed than US by 5.3
• CAGR Median Gross Rent: Clay County out performed than state by 0.7
• CAGR Median Gross Rent: Clay County out performed than US by 0.8
• % Change Home Value: Clay County out performed than Minnesota by 24.1
• % Change Home Value: Clay County out performed than US by 17.8
• CAGR Home Value: Clay County out performed than state by 3.9
• CAGR Home Value: Clay County out performed than US by 2.8
• % Change Rental Yield: Clay County under performed than Minnesota by -22.1
• % Change Rental Yield: Clay County under performed than US by -13.7
• CAGR Rental Yield: Clay County under performed than state by -3.3
• CAGR Rental Yield: Clay County under performed than US by -2.1

County	Clay County
Population 2015	60,879
Population 2009	54,902
Population % change	10.9
Population change rank compared to US	320
Population change rank compared to Minnesota	1
Median Gross Rent 2015	723
Median Gross Rent 2009	608
Median Gross Rent % change	18.9
Median Gross Rent change rank compared to US	994
Median Gross Rent change rank compared to Minnesota	33
Home Value 2015	159,500
Home Value 2009	139,800
Home Value % change	14.1
Home Value change rank compared to US	959
Home Value change rank compared to Minnesota	15
Rental Yield 2015	5.4
Rental Yield 2009	5.2
Rental Yield % change	4.2
Rental Yield change rank compared to US	1,856
Rental Yield change rank compared to Minnesota	68