Trend of Rental Yield in Burleigh County, North Dakota

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: Burleigh County out performed than North Dakota by 1.7
• % Change Population: Burleigh County out performed than US by 9.5
• CAGR Population: Burleigh County out performed than state by 0.3
• CAGR Population: Burleigh County out performed than US by 1.5
• % Change Median Gross Rent: Burleigh County out performed than North Dakota by 4.7
• % Change Median Gross Rent: Burleigh County out performed than US by 23.7
• CAGR Median Gross Rent: Burleigh County out performed than state by 0.6
• CAGR Median Gross Rent: Burleigh County out performed than US by 3.3
• % Change Home Value: Burleigh County under performed than North Dakota by -6.9
• % Change Home Value: Burleigh County out performed than US by 44.2
• CAGR Home Value: Burleigh County under performed than state by -0.9
• CAGR Home Value: Burleigh County out performed than US by 6.4
• % Change Rental Yield: Burleigh County out performed than North Dakota by 7.8
• % Change Rental Yield: Burleigh County under performed than US by -20.3
• CAGR Rental Yield: Burleigh County out performed than state by 1.4
• CAGR Rental Yield: Burleigh County under performed than US by -3.2

County	Burleigh County
Population 2015	88,223
Population 2009	77,049
Population % change	14.5
Population change rank compared to US	168
Population change rank compared to North Dakota	10
Median Gross Rent 2015	755
Median Gross Rent 2009	550
Median Gross Rent % change	37.3
Median Gross Rent change rank compared to US	167
Median Gross Rent change rank compared to North Dakota	20
Home Value 2015	199,200
Home Value 2009	141,700
Home Value % change	40.6
Home Value change rank compared to US	111
Home Value change rank compared to North Dakota	31
Rental Yield 2015	4.5
Rental Yield 2009	4.7
Rental Yield % change	-2.4
Rental Yield change rank compared to US	2,422
Rental Yield change rank compared to North Dakota	17