Trend of Rental Yield in Dakota 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: Dakota County out performed than Minnesota by 0.4
• % Change Population: Dakota County under performed than US by -0.1
• CAGR Population: Dakota County out performed than state by 0.1
• CAGR Population: Dakota County under performed than US by 0.0
• % Change Median Gross Rent: Dakota County under performed than Minnesota by -4.3
• % Change Median Gross Rent: Dakota County under performed than US by -4.2
• CAGR Median Gross Rent: Dakota County under performed than state by -0.7
• CAGR Median Gross Rent: Dakota County under performed than US by -0.6
• % Change Home Value: Dakota County under performed than Minnesota by -0.1
• % Change Home Value: Dakota County under performed than US by -6.5
• CAGR Home Value: Dakota County under performed than state by -0.1
• CAGR Home Value: Dakota County under performed than US by -1.2
• % Change Rental Yield: Dakota County under performed than Minnesota by -4.7
• % Change Rental Yield: Dakota County out performed than US by 3.8
• CAGR Rental Yield: Dakota County under performed than state by -0.7
• CAGR Rental Yield: Dakota County out performed than US by 0.5

County	Dakota County
Population 2015	408,456
Population 2009	389,434
Population % change	4.9
Population change rank compared to US	932
Population change rank compared to Minnesota	16
Median Gross Rent 2015	971
Median Gross Rent 2009	888
Median Gross Rent % change	9.3
Median Gross Rent change rank compared to US	2,332
Median Gross Rent change rank compared to Minnesota	68
Home Value 2015	220,400
Home Value 2009	245,300
Home Value % change	-10.2
Home Value change rank compared to US	2,806
Home Value change rank compared to Minnesota	74
Rental Yield 2015	5.3
Rental Yield 2009	4.3
Rental Yield % change	21.7
Rental Yield change rank compared to US	593
Rental Yield change rank compared to Minnesota	23