Trend of Rental Yield in Pope 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: Pope County under performed than Minnesota by -4.7
• % Change Population: Pope County under performed than US by -5.3
• CAGR Population: Pope County under performed than state by -0.7
• CAGR Population: Pope County under performed than US by -0.8
• % Change Median Gross Rent: Pope County out performed than Minnesota by 9.8
• % Change Median Gross Rent: Pope County out performed than US by 9.9
• CAGR Median Gross Rent: Pope County out performed than state by 1.4
• CAGR Median Gross Rent: Pope County out performed than US by 1.5
• % Change Home Value: Pope County out performed than Minnesota by 14.1
• % Change Home Value: Pope County out performed than US by 7.7
• CAGR Home Value: Pope County out performed than state by 2.4
• CAGR Home Value: Pope County out performed than US by 1.3
• % Change Rental Yield: Pope County under performed than Minnesota by -7.7
• % Change Rental Yield: Pope County out performed than US by 0.7
• CAGR Rental Yield: Pope County under performed than state by -1.1
• CAGR Rental Yield: Pope County out performed than US by 0.1

County	Pope County
Population 2015	10,948
Population 2009	10,979
Population % change	-0.3
Population change rank compared to US	2,191
Population change rank compared to Minnesota	58
Median Gross Rent 2015	652
Median Gross Rent 2009	528
Median Gross Rent % change	23.5
Median Gross Rent change rank compared to US	601
Median Gross Rent change rank compared to Minnesota	17
Home Value 2015	150,900
Home Value 2009	145,000
Home Value % change	4.1
Home Value change rank compared to US	1,946
Home Value change rank compared to Minnesota	39
Rental Yield 2015	5.2
Rental Yield 2009	4.4
Rental Yield % change	18.7
Rental Yield change rank compared to US	711
Rental Yield change rank compared to Minnesota	28