Davenport, FL Real Estate Market

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 Q4 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Davenport, FL Housing Market Trends

With 6,005 people, 1,394 houses or apartments, and a median cost of homes of $289,726, Davenport real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Davenport, accounting for 67.51% of the city's housing units. Other types of housing that are prevalent in Davenport include mobile homes or trailers ( 26.38%), large apartment complexes or high rise apartments ( 2.86%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.65%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Davenport. Owner-occupied housing accounts for 89.05% of Davenport's homes, and 67.84% have either three or four bedrooms, which is average sized relative to America.

Davenport homes and real estate are some of the newest in America. 61.08% of Davenport's housing was built since 2000, making the city have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Davenport real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 32.00%), and between 1940-1969 ( 4.43%). There's also some housing in Davenport built before 1939 ( 2.49%).

Vacant housing appears to be an issue in Davenport. Fully 24.65% of the housing stock is classified as vacant. Left unchecked, vacant Davenport homes and apartments can be a drag on the real estate market, holding Davenport real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Davenport Home Appreciation Rates

In the last 10 years, Davenport has experienced some of the highest home appreciation rates of any community in the nation. Davenport real estate appreciated 127.72% over the last ten years, which is an average annual home appreciation rate of 8.58%, putting Davenport in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Davenport definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Davenport that despite a nationwide downturn in the housing market, Davenport real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Davenport appreciation rates continue to be some of the highest in America, at 7.50%, which is higher than appreciation rates in 92.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Davenport. Davenport appreciation rates in the latest quarter were at 1.26%, which equates to an annual appreciation rate of 5.15%.

Notably, Davenport's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Florida, our data show that Davenport's latest annual appreciation rate is higher than 70% of the other cities and towns in Florida.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Davenport differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Davenport - 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 Davenport real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$289,726

Davenport, FL HOME PRICES

> $1,300,000
0.0%
0.0%
$975,001 - $1,300,000
0.2%
0.2%
$650,001 - $975,000
0.3%
0.3%
$520,001 - $650,000
4.6%
4.6%
$390,001 - $520,000
14.4%
14.4%
$260,001 - $390,000
32.1%
32.1%
$130,001 - $260,000
30.7%
30.7%
$65,001 - $130,000
11.2%
11.2%
$0 - $65,000
6.5%
6.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for FL

Value Relative To Nation

Number Of Homes And Apartments:
1,394

Davenport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2020 Q3 - 2020 Q4
Last 12 Months:
2019 Q4 - 2020 Q4
Last 2 Years:
2018 Q4 - 2020 Q4
Last 5 Years:
2015 Q4 - 2020 Q4
Last 10 Years:
2010 Q4 - 2020 Q4
Since 2000:
2000 Q1 - 2020 Q4
130.36% 4.05%
6
9
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$1,150 / per month

Homeownership Rate

Owners
89.0%
89.0%
Renters
11.0%
11.0%
Vacant
24.6%
24.6%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
61.1%
61.1%
1970 - 1999
32.0%
32.0%
1940 - 1969
4.4%
4.4%
1939 or Older
2.5%
2.5%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.5%
67.5%
Townhomes
0.6%
0.6%
Small Apt. Buildings
2.6%
2.6%
Apt. Complexes
2.9%
2.9%
Mobile Homes
26.4%
26.4%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.2%
0.2%
1 Bedroom
7.7%
7.7%
2 Bedrooms
17.4%
17.4%
3 Bedrooms
51.0%
51.0%
4 Bedrooms
16.8%
16.8%
5 or more bedrooms
6.9%
6.9%
0.0% 100.0%
% OF HOMES