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.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 101,009, 41,882 total housing units (homes and apartments), and a median house value of $170,515, house prices in Davenport are solidly below the national average.
Single-family detached homes are the single most common housing type in Davenport, accounting for 64.90% of the city's housing units. Other types of housing that are prevalent in Davenport include large apartment complexes or high rise apartments ( 20.42%), duplexes, homes converted to apartments or other small apartment buildings ( 7.40%), and a few row houses and other attached homes ( 4.64%).
The most prevalent building size and type in Davenport are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 61.79% owning and 38.21% renting.
There is a lot of housing in Davenport 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 Davenport built between 1940-1969 ( 29.06%). A lesser amount of the housing stock also hails from before 1939 ( 27.82%). There's also some housing in Davenport built between 2000 and later ( 12.42%).
Vacant housing appears to be an issue in Davenport. Fully 10.13% 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.
Some of the lowest real estate appreciation rates in America over the last ten years have been in Davenport, where house values have increased just 39.94%, which is annualized rate of 3.42%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.
Over the last year, Davenport appreciation rates have trailed the rest of the nation. In the last twelve months, Davenport's appreciation rate has been 4.83%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Davenport were at -0.63%, which equates to an annual appreciation rate of -2.51%.
Relative to Iowa, our data show that Davenport's latest annual appreciation rate is lower than 90% of the other cities and towns in Iowa.
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.
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