Davis, CA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Davis Neighborhoods Since 2000




Davis, CA Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Davis Housing Market Information

With a population of 67,666, 24,428 total housing units (homes and apartments), and a median house value of $686,767, real estate costs in Davis are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive California communities.

Single-family detached homes are the single most common housing type in Davis, accounting for 45.70% of the city's housing units. Other types of housing that are prevalent in Davis include large apartment complexes or high rise apartments ( 30.87%), duplexes, homes converted to apartments or other small apartment buildings ( 12.08%), and a few row houses and other attached homes ( 9.35%).

The most prevalent building size and type in Davis are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 42.10% owning and 57.90% renting.

There is a lot of housing in Davis built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Davis built between 1940-1969 ( 21.54%). A lesser amount of the housing stock also hails from between 2000 and later ( 12.01%). There's also some housing in Davis built before 1939 ( 1.45%).

Davis Home Appreciation Rates

Appreciation rates for homes in Davis have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 11.94%, which ranks in the top 30% nationwide. This equates to an annual average Davis house appreciation rate of 1.13%.

Appreciation rates are so strong in Davis that despite a nationwide downturn in the housing market, Davis real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Davis appreciation rates continue to be some of the highest in America, at 6.97%, which is higher than appreciation rates in 81.19% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Davis. Davis appreciation rates in the latest quarter were at 2.60%, which equates to an annual appreciation rate of 10.82%.

Importantly, this makes Davis one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to California, our data show that Davis's latest annual appreciation rate is lower than 60% of the other cities and towns in California.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Davis differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Davis - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Davis real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$686,767

Davis, CA HOME PRICES

Value Range
> $1,255,000 4.0
$941,001 - $1,255,000 13.1
$627,001 - $941,000 38.3
$502,001 - $627,000 21.9
$376,001 - $502,000 11.1
$251,001 - $376,000 4.6
$125,001 - $251,000 2.4
$63,001 - $125,000 1.8
$0 - $63,000 2.7

High for CA
Very High for Nation

Value Relative to Nation Value Relative to State
2.76573303644674 24.2063492063492

Number Of Homes And Apartments:
24,428

Davis Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
CA*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
114.60% 4.53% 8 10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,620 / per month

Homeownership Rate

Homeownership
Owners 42.10
Renters 57.90
Vacant 3.75

Housing Market Details

 

Age of Homes

AGE OF Davis HOMES
2000 or Newer 12.0
1970 - 1999 65.0
1940 - 1969 21.5
1939 or Older 1.4

Types of Homes

TYPE OF Davis HOMES
Single-Family 45.7
Townhomes 9.3
Small Apt. Buildings 12.1
Apt. Complexes 30.9
Mobile Homes 1.8
Other 0.2

Home Size

SIZE OF Davis HOMES
No Bedroom 2.47
1 Bedroom 14.03
2 Bedrooms 28.07
3 Bedrooms 31.44
4 Bedrooms 19.16
5 or more bedrooms 4.82