Davison, MI 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

Davison, MI Housing Market Trends

With a population of 4,881, 2,371 total housing units (homes and apartments), and a median house value of $149,165, house prices in Davison are solidly below the national average.

Single-family detached homes are the single most common housing type in Davison, accounting for 58.76% of the city's housing units. Other types of housing that are prevalent in Davison include large apartment complexes or high rise apartments ( 35.47%), mobile homes or trailers ( 3.13%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 2.08%).

People in Davison primarily live in small (one, two or no bedroom) single-family detached homes. Davison has a mixture of owner-occupied and renter-occupied housing.

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. Davison's housing was primarily built during this period, from the '40s through the '60s. A full 48.54% of the city's housing hails from this era. Other housing ages represented in Davison include homes built between 1970-1999 ( 38.28%) and housing constructed before 1939 ( 9.14%). There's also some housing in Davison built between 2000 and later ( 4.05%).

Davison Home Appreciation Rates

Appreciation rates for homes in Davison have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 51.72%, which ranks in the top 30% nationwide. This equates to an annual average Davison house appreciation rate of 4.26%.

NeighborhoodScout's data show that during the latest twelve months, Davison's appreciation rate, at 5.98%, has been at or slightly above the national average. In the latest quarter, Davison's appreciation rate has been 3.25%, which annualizes to a rate of 13.66%.

Importantly, this makes Davison 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 Michigan, our data show that Davison's latest annual appreciation rate is lower than 60% of the other cities and towns in Michigan.

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

Average Home Values

 

Median Home Value:
$149,165

Davison, MI HOME PRICES

> $1,203,000
0.0%
0.0%
$903,001 - $1,203,000
0.0%
0.0%
$601,001 - $903,000
0.0%
0.0%
$481,001 - $601,000
0.0%
0.0%
$361,001 - $481,000
0.0%
0.0%
$241,001 - $361,000
4.7%
4.7%
$120,001 - $241,000
67.9%
67.9%
$60,001 - $120,000
20.9%
20.9%
$0 - $60,000
6.5%
6.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Low for Nation

Average for MI

Value Relative To Nation

Number Of Homes And Apartments:
2,371

Davison Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
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
19.26% 0.84%
2
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$901 / per month

Homeownership Rate

Owners
54.6%
54.6%
Renters
45.4%
45.4%
Vacant
5.0%
5.0%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
4.0%
4.0%
1970 - 1999
38.3%
38.3%
1940 - 1969
48.5%
48.5%
1939 or Older
9.1%
9.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
58.8%
58.8%
Townhomes
0.6%
0.6%
Small Apt. Buildings
2.1%
2.1%
Apt. Complexes
35.5%
35.5%
Mobile Homes
3.1%
3.1%
Other
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
4.7%
4.7%
1 Bedroom
20.0%
20.0%
2 Bedrooms
25.5%
25.5%
3 Bedrooms
41.3%
41.3%
4 Bedrooms
8.2%
8.2%
5 or more bedrooms
0.3%
0.3%
0.0% 100.0%
% OF HOMES