Trend of Rental Yield in Morrison 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: Morrison County under performed than Minnesota by -3.7
• % Change Population: Morrison County under performed than US by -4.2
• CAGR Population: Morrison County under performed than state by -0.6
• CAGR Population: Morrison County under performed than US by -0.7
• % Change Median Gross Rent: Morrison County out performed than Minnesota by 12.3
• % Change Median Gross Rent: Morrison County out performed than US by 12.4
• CAGR Median Gross Rent: Morrison County out performed than state by 1.7
• CAGR Median Gross Rent: Morrison County out performed than US by 1.8
• % Change Home Value: Morrison County out performed than Minnesota by 6.5
• % Change Home Value: Morrison County out performed than US by 0.1
• CAGR Home Value: Morrison County out performed than state by 1.1
• CAGR Home Value: Morrison County under performed than US by 0.0
• % Change Rental Yield: Morrison County out performed than Minnesota by 4.2
• % Change Rental Yield: Morrison County out performed than US by 12.7
• CAGR Rental Yield: Morrison County out performed than state by 0.5
• CAGR Rental Yield: Morrison County out performed than US by 1.7

County	Morrison County
Population 2015	32,962
Population 2009	32,717
Population % change	0.7
Population change rank compared to US	1,901
Population change rank compared to Minnesota	45
Median Gross Rent 2015	655
Median Gross Rent 2009	520
Median Gross Rent % change	26.0
Median Gross Rent change rank compared to US	450
Median Gross Rent change rank compared to Minnesota	11
Home Value 2015	153,300
Home Value 2009	158,900
Home Value % change	-3.5
Home Value change rank compared to US	2,506
Home Value change rank compared to Minnesota	59
Rental Yield 2015	5.1
Rental Yield 2009	3.9
Rental Yield % change	30.6
Rental Yield change rank compared to US	328
Rental Yield change rank compared to Minnesota	13