Davenport, FL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating Davenport Neighborhoods Since 2000




Davenport, FL 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

Davenport Housing Market Information

With 3,534 people, 1,021 houses or apartments, and a median cost of homes of $158,992, 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 74.76% of the city's housing units. Other types of housing that are prevalent in Davenport include mobile homes or trailers ( 20.34%), duplexes, homes converted to apartments or other small apartment buildings ( 4.17%).

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 79.15% of Davenport's homes, and 66.93% 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. 45.72% 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 ( 29.19%), and between 1940-1969 ( 20.99%). There's also some housing in Davenport built before 1939 ( 4.10%).

Vacant housing appears to be an issue in Davenport. Fully 25.31% 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 22.52% during the ten year period. In the latest quarter, NeighborhoodScout appreciation rate data shows Davenport home appreciation rates at 3.57%, which equates to an annual appreciation rate of 15.08%.

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 7.84%, which is higher than appreciation rates in 85.94% 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 3.57%, which equates to an annual appreciation rate of 15.08%.

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 lower than 50% 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:
$158,992

Davenport, FL HOME PRICES

Value Range
> $1,404,000 0.0
$1,053,001 - $1,404,000 0.5
$702,001 - $1,053,000 0.0
$561,001 - $702,000 3.5
$421,001 - $561,000 5.7
$281,001 - $421,000 11.7
$140,001 - $281,000 36.1
$70,001 - $140,000 21.1
$0 - $70,000 21.3

Low for FL
Average for Nation

Value Relative to Nation Value Relative to State
46.1033634126333 61.965811965812

Number Of Homes And Apartments:
1,021

Davenport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
FL*
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
59.85% 2.76% 3 7
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$943 / per month

Homeownership Rate

Homeownership
Owners 79.15
Renters 20.85
Vacant 25.31

Housing Market Details

 

Age of Homes

AGE OF Davenport HOMES
2000 or Newer 45.7
1970 - 1999 29.2
1940 - 1969 21.0
1939 or Older 4.1

Types of Homes

TYPE OF Davenport HOMES
Single-Family 74.8
Townhomes 0.2
Small Apt. Buildings 4.2
Apt. Complexes 0.2
Mobile Homes 20.3
Other 0.3

Home Size

SIZE OF Davenport HOMES
No Bedroom 0.00
1 Bedroom 10.02
2 Bedrooms 17.41
3 Bedrooms 44.18
4 Bedrooms 22.75
5 or more bedrooms 5.63