Trend of Rental Yield in Mobile County, Alabama

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: Mobile County under performed than Alabama by -2.1
• % Change Population: Mobile County under performed than US by -2.8
• CAGR Population: Mobile County under performed than state by -0.3
• CAGR Population: Mobile County under performed than US by -0.4
• % Change Median Gross Rent: Mobile County out performed than Alabama by 2.9
• % Change Median Gross Rent: Mobile County out performed than US by 4.7
• CAGR Median Gross Rent: Mobile County out performed than state by 0.4
• CAGR Median Gross Rent: Mobile County out performed than US by 0.7
• % Change Home Value: Mobile County under performed than Alabama by -4.0
• % Change Home Value: Mobile County out performed than US by 11.8
• CAGR Home Value: Mobile County under performed than state by -0.6
• CAGR Home Value: Mobile County out performed than US by 1.9
• % Change Rental Yield: Mobile County out performed than Alabama by 6.5
• % Change Rental Yield: Mobile County under performed than US by -8.5
• CAGR Rental Yield: Mobile County out performed than state by 1.0
• CAGR Rental Yield: Mobile County under performed than US by -1.3

County	Mobile County
Population 2015	414,251
Population 2009	405,331
Population % change	2.2
Population change rank compared to US	1,530
Population change rank compared to Alabama	30
Median Gross Rent 2015	788
Median Gross Rent 2009	666
Median Gross Rent % change	18.3
Median Gross Rent change rank compared to US	1,058
Median Gross Rent change rank compared to Alabama	22
Home Value 2015	122,400
Home Value 2009	113,200
Home Value % change	8.1
Home Value change rank compared to US	1,530
Home Value change rank compared to Alabama	44
Rental Yield 2015	7.7
Rental Yield 2009	7.1
Rental Yield % change	9.4
Rental Yield change rank compared to US	1,346
Rental Yield change rank compared to Alabama	15