Trend of Rental Yield in Polk 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: Polk County under performed than Minnesota by -1.7
• % Change Population: Polk County under performed than US by -2.2
• CAGR Population: Polk County under performed than state by -0.2
• CAGR Population: Polk County under performed than US by -0.3
• % Change Median Gross Rent: Polk County out performed than Minnesota by 11.5
• % Change Median Gross Rent: Polk County out performed than US by 11.6
• CAGR Median Gross Rent: Polk County out performed than state by 1.6
• CAGR Median Gross Rent: Polk County out performed than US by 1.7
• % Change Home Value: Polk County out performed than Minnesota by 38.9
• % Change Home Value: Polk County out performed than US by 32.5
• CAGR Home Value: Polk County out performed than state by 6.0
• CAGR Home Value: Polk County out performed than US by 4.9
• % Change Rental Yield: Polk County under performed than Minnesota by -29.2
• % Change Rental Yield: Polk County under performed than US by -20.7
• CAGR Rental Yield: Polk County under performed than state by -4.5
• CAGR Rental Yield: Polk County under performed than US by -3.3

County	Polk County
Population 2015	31,547
Population 2009	30,693
Population % change	2.8
Population change rank compared to US	1,380
Population change rank compared to Minnesota	31
Median Gross Rent 2015	626
Median Gross Rent 2009	500
Median Gross Rent % change	25.2
Median Gross Rent change rank compared to US	490
Median Gross Rent change rank compared to Minnesota	12
Home Value 2015	136,700
Home Value 2009	106,100
Home Value % change	28.8
Home Value change rank compared to US	253
Home Value change rank compared to Minnesota	3
Rental Yield 2015	5.5
Rental Yield 2009	5.7
Rental Yield % change	-2.8
Rental Yield change rank compared to US	2,458
Rental Yield change rank compared to Minnesota	76