Trend of Rental Yield in Wadena 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: Wadena County under performed than Minnesota by -1.3
• % Change Population: Wadena County under performed than US by -1.9
• CAGR Population: Wadena County under performed than state by -0.2
• CAGR Population: Wadena County under performed than US by -0.3
• % Change Median Gross Rent: Wadena County out performed than Minnesota by 9.2
• % Change Median Gross Rent: Wadena County out performed than US by 9.3
• CAGR Median Gross Rent: Wadena County out performed than state by 1.3
• CAGR Median Gross Rent: Wadena County out performed than US by 1.4
• % Change Home Value: Wadena County out performed than Minnesota by 17.0
• % Change Home Value: Wadena County out performed than US by 10.6
• CAGR Home Value: Wadena County out performed than state by 2.8
• CAGR Home Value: Wadena County out performed than US by 1.7
• % Change Rental Yield: Wadena County under performed than Minnesota by -11.4
• % Change Rental Yield: Wadena County under performed than US by -3.0
• CAGR Rental Yield: Wadena County under performed than state by -1.7
• CAGR Rental Yield: Wadena County under performed than US by -0.5

County	Wadena County
Population 2015	13,759
Population 2009	13,343
Population % change	3.1
Population change rank compared to US	1,296
Population change rank compared to Minnesota	29
Median Gross Rent 2015	569
Median Gross Rent 2009	463
Median Gross Rent % change	22.9
Median Gross Rent change rank compared to US	638
Median Gross Rent change rank compared to Minnesota	21
Home Value 2015	114,300
Home Value 2009	106,900
Home Value % change	6.9
Home Value change rank compared to US	1,663
Home Value change rank compared to Minnesota	33
Rental Yield 2015	6.0
Rental Yield 2009	5.2
Rental Yield % change	14.9
Rental Yield change rank compared to US	937
Rental Yield change rank compared to Minnesota	41