Trend of Rental Yield in Monroe 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: Monroe County under performed than Alabama by -6.8
• % Change Population: Monroe County under performed than US by -7.5
• CAGR Population: Monroe County under performed than state by -1.1
• CAGR Population: Monroe County under performed than US by -1.2
• % Change Median Gross Rent: Monroe County out performed than Alabama by 4.7
• % Change Median Gross Rent: Monroe County out performed than US by 6.5
• CAGR Median Gross Rent: Monroe County out performed than state by 0.7
• CAGR Median Gross Rent: Monroe County out performed than US by 1.0
• % Change Home Value: Monroe County under performed than Alabama by -12.9
• % Change Home Value: Monroe County out performed than US by 2.9
• CAGR Home Value: Monroe County under performed than state by -2.0
• CAGR Home Value: Monroe County out performed than US by 0.5
• % Change Rental Yield: Monroe County out performed than Alabama by 18.1
• % Change Rental Yield: Monroe County out performed than US by 3.1
• CAGR Rental Yield: Monroe County out performed than state by 2.7
• CAGR Rental Yield: Monroe County out performed than US by 0.4

County	Monroe County
Population 2015	22,217
Population 2009	22,790
Population % change	-2.5
Population change rank compared to US	2,658
Population change rank compared to Alabama	55
Median Gross Rent 2015	537
Median Gross Rent 2009	447
Median Gross Rent % change	20.1
Median Gross Rent change rank compared to US	854
Median Gross Rent change rank compared to Alabama	15
Home Value 2015	81,200
Home Value 2009	81,800
Home Value % change	-0.7
Home Value change rank compared to US	2,346
Home Value change rank compared to Alabama	63
Rental Yield 2015	7.9
Rental Yield 2009	6.6
Rental Yield % change	21.0
Rental Yield change rank compared to US	611
Rental Yield change rank compared to Alabama	5