Davenport, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Davenport, FL Real Estate Data


Davenport Housing Market Information

With a population of 3,534, 944 total housing units (homes and apartments), and a median house value of $173,524, Davenport real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Davenport, accounting for 70.70% of the city's housing units. Other types of housing that are prevalent in Davenport include mobile homes or trailers ( 22.73%), duplexes, homes converted to apartments or other small apartment buildings ( 3.43%), and a few row houses and other attached homes ( 2.73%).

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 80.63% of Davenport's homes, and 56.22% 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. 44.83% 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 ( 33.92%), and between 1940-1969 ( 19.44%). There's also some housing in Davenport built before 1939 ( 1.82%).

Vacant housing appears to be an issue in Davenport. Fully 33.99% 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

Homes have actually lost value in Davenport over the last then years, as home values have seen a decline of 23.75% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Davenport home appreciation rates at 3.83%, which equates to an annual appreciation rate of 16.22%.

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 11.67%, which is higher than appreciation rates in 99.31% 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 3.83%, which equates to an annual appreciation rate of 16.22%.

Importantly, this makes Davenport 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 Florida, our data show that Davenport's latest annual appreciation rate is higher than 80% 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

 

Median Home Value:
$173,524

Davenport, FL HOME PRICES

Value Range
> $1,487,000 0.1
$1,115,001 - $1,487,000 0.0
$743,001 - $1,115,000 0.9
$595,001 - $743,000 1.2
$446,001 - $595,000 6.4
$298,001 - $446,000 9.0
$149,001 - $298,000 38.3
$74,001 - $149,000 21.4
$0 - $74,000 22.7

Average for FL
Average for Nation

Value Relative to Nation Value Relative to State
41.4592727059788 57.6923076923077

Number Of Homes And Apartments:
944

Rent & Ownership

 

Average Market Rent:
$1,230 / per month

Homeownership Rate

Homeownership
Owners 80.63
Renters 19.37
Vacant 33.99

Housing Market Details

 

Age of Homes

AGE OF Davenport HOMES
2000 or Newer 44.8
1970 - 1999 33.9
1940 - 1969 19.4
1939 or Older 1.8

Types of Homes

TYPE OF Davenport HOMES
Single-Family 70.7
Townhomes 2.7
Small Apt. Buildings 3.4
Apt. Complexes 0.1
Mobile Homes 22.7
Other 0.3

Home Size

SIZE OF Davenport HOMES
No Bedroom 0.00
1 Bedroom 11.96
2 Bedrooms 17.06
3 Bedrooms 39.16
4 Bedrooms 17.06
5 or more bedrooms 14.76

Davenport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
Compared To
America*
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
55.55% 2.63% 3 7
* 10 is highest