Trend of Rental Yield in Bay County, Florida

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: Bay County under performed than Florida by -0.5
• % Change Population: Bay County out performed than US by 2.3
• CAGR Population: Bay County under performed than state by -0.1
• CAGR Population: Bay County out performed than US by 0.4
• % Change Median Gross Rent: Bay County out performed than Florida by 0.6
• % Change Median Gross Rent: Bay County under performed than US by -5.8
• CAGR Median Gross Rent: Bay County out performed than state by 0.1
• CAGR Median Gross Rent: Bay County under performed than US by -0.8
• % Change Home Value: Bay County out performed than Florida by 13.4
• % Change Home Value: Bay County under performed than US by -7.7
• CAGR Home Value: Bay County out performed than state by 2.6
• CAGR Home Value: Bay County under performed than US by -1.4
• % Change Rental Yield: Bay County under performed than Florida by -20.9
• % Change Rental Yield: Bay County out performed than US by 3.8
• CAGR Rental Yield: Bay County under performed than state by -2.8
• CAGR Rental Yield: Bay County out performed than US by 0.5

County	Bay County
Population 2015	175,353
Population 2009	163,451
Population % change	7.3
Population change rank compared to US	594
Population change rank compared to Florida	27
Median Gross Rent 2015	922
Median Gross Rent 2009	855
Median Gross Rent % change	7.8
Median Gross Rent change rank compared to US	2,522
Median Gross Rent change rank compared to Florida	28
Home Value 2015	157,800
Home Value 2009	178,100
Home Value % change	-11.4
Home Value change rank compared to US	2,842
Home Value change rank compared to Florida	13
Rental Yield 2015	7.0
Rental Yield 2009	5.8
Rental Yield % change	21.7
Rental Yield change rank compared to US	591
Rental Yield change rank compared to Florida	52