Davenport, IA
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Davenport Neighborhoods Since 2000




Davenport, IA 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 102,582 people, 41,100 houses or apartments, and a median cost of homes of $121,600, 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 64.76% of the city's housing units. Other types of housing that are prevalent in Davenport include large apartment complexes or high rise apartments ( 21.15%), duplexes, homes converted to apartments or other small apartment buildings ( 8.60%), and a few row houses and other attached homes ( 2.89%).

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 58.80% owning and 41.20% renting.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. Davenport's housing was primarily built during this period, from the '40s through the '60s. A full 38.75% of the city's housing hails from this era. Other housing ages represented in Davenport include homes built between 1970-1999 ( 27.98%) and housing constructed before 1939 ( 23.21%). There's also some housing in Davenport built between 2000 and later ( 10.06%).

Davenport Home Appreciation Rates

Appreciation rates for homes in Davenport have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 8.41%, which ranks in the top 40% nationwide. This equates to an annual average Davenport house appreciation rate of 0.81%.

NeighborhoodScout's data show that during the latest twelve months, Davenport's appreciation rate, at 3.98%, has been at or slightly above the national average. In the latest quarter, Davenport's appreciation rate has been -0.58%, which annualizes to a rate of -2.29%.

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

Relative to Iowa, our data show that Davenport's latest annual appreciation rate is lower than 50% 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.

Average Home Values

 

Median Home Value:
$121,600

Davenport, IA HOME PRICES

Value Range
> $1,075,000 0.4
$807,001 - $1,075,000 0.0
$537,001 - $807,000 0.6
$430,001 - $537,000 0.8
$323,001 - $430,000 3.3
$215,001 - $323,000 11.2
$107,001 - $215,000 46.6
$54,001 - $107,000 29.0
$0 - $54,000 8.0

Average for IA
Low for Nation

Value Relative to Nation Value Relative to State
64.5318176491269 52.3456790123457

Number Of Homes And Apartments:
41,100

Davenport Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IA*
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
32.10% 1.63% 2 4
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$843 / per month

Homeownership Rate

Homeownership
Owners 58.80
Renters 41.20
Vacant 7.93

Housing Market Details

 

Age of Homes

AGE OF Davenport HOMES
2000 or Newer 10.1
1970 - 1999 28.0
1940 - 1969 38.7
1939 or Older 23.2

Types of Homes

TYPE OF Davenport HOMES
Single-Family 64.8
Townhomes 2.9
Small Apt. Buildings 8.6
Apt. Complexes 21.1
Mobile Homes 2.6
Other 0.0

Home Size

SIZE OF Davenport HOMES
No Bedroom 1.61
1 Bedroom 13.95
2 Bedrooms 30.34
3 Bedrooms 38.52
4 Bedrooms 13.33
5 or more bedrooms 2.25