Trend of Rental Yield in Hennepin 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: Hennepin County out performed than Minnesota by 1.0
• % Change Population: Hennepin County out performed than US by 0.4
• CAGR Population: Hennepin County out performed than state by 0.2
• CAGR Population: Hennepin County out performed than US by 0.1
• % Change Median Gross Rent: Hennepin County under performed than Minnesota by -0.1
• % Change Median Gross Rent: Hennepin County out performed than US by 0.0
• CAGR Median Gross Rent: Hennepin County under performed than state by 0.0
• CAGR Median Gross Rent: Hennepin County out performed than US by 0.1
• % Change Home Value: Hennepin County out performed than Minnesota by 2.2
• % Change Home Value: Hennepin County under performed than US by -4.1
• CAGR Home Value: Hennepin County out performed than state by 0.4
• CAGR Home Value: Hennepin County under performed than US by -0.7
• % Change Rental Yield: Hennepin County under performed than Minnesota by -3.1
• % Change Rental Yield: Hennepin County out performed than US by 5.3
• CAGR Rental Yield: Hennepin County under performed than state by -0.5
• CAGR Rental Yield: Hennepin County out performed than US by 0.7

County	Hennepin County
Population 2015	1,197,776
Population 2009	1,136,224
Population % change	5.4
Population change rank compared to US	850
Population change rank compared to Minnesota	14
Median Gross Rent 2015	951
Median Gross Rent 2009	837
Median Gross Rent % change	13.6
Median Gross Rent change rank compared to US	1,694
Median Gross Rent change rank compared to Minnesota	49
Home Value 2015	229,200
Home Value 2009	248,600
Home Value % change	-7.8
Home Value change rank compared to US	2,733
Home Value change rank compared to Minnesota	71
Rental Yield 2015	5.0
Rental Yield 2009	4.0
Rental Yield % change	23.2
Rental Yield change rank compared to US	530
Rental Yield change rank compared to Minnesota	21