Davison MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Davison, MI 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 Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Davison Housing Market Information

With a population of 4,881, 1,635 total housing units (homes and apartments), and a median house value of $136,081, 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 63.46% of the city's housing units. Other types of housing that are prevalent in Davison include large apartment complexes or high rise apartments ( 19.46%), row houses and other attached homes ( 8.35%), and a few mobile homes or trailers ( 6.78%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Davison. Owner-occupied housing accounts for 69.12% of Davison's homes, and 58.61% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Davison 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 Davison built between 1940-1969 ( 24.04%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.00%). There's also some housing in Davison built before 1939 ( 6.04%).

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 44.77%, which ranks in the top 30% nationwide. This equates to an annual average Davison house appreciation rate of 3.77%.

Over the last year, Davison appreciation rates have trailed the rest of the nation. In the last twelve months, Davison's appreciation rate has been 2.53%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Davison were at 1.59%, which equates to an annual appreciation rate of 6.53%.

Relative to Michigan, our data show that Davison's latest annual appreciation rate is lower than 80% 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:
$136,081

Davison, MI HOME PRICES

Value Range
> $1,217,000 0.0
$913,001 - $1,217,000 0.0
$609,001 - $913,000 0.0
$487,001 - $609,000 0.0
$365,001 - $487,000 0.0
$243,001 - $365,000 3.5
$122,001 - $243,000 57.9
$61,001 - $122,000 30.5
$0 - $61,000 8.2

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
68.3153284671533 64.7435897435898

Number Of Homes And Apartments:
1,635

Davison Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
13.59% 0.62%
2
1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$929 / per month

Homeownership Rate

Homeownership
Owners 69.12
Renters 30.88
Vacant 4.78

Housing Market Details

 

Age of Homes

AGE OF Davison HOMES
2000 or Newer 17.0
1970 - 1999 52.9
1940 - 1969 24.0
1939 or Older 6.0

Types of Homes

TYPE OF Davison HOMES
Single-Family 63.5
Townhomes 8.3
Small Apt. Buildings 2.0
Apt. Complexes 19.5
Mobile Homes 6.8
Other 0.0

Home Size

SIZE OF Davison HOMES
No Bedroom 0.99
1 Bedroom 11.85
2 Bedrooms 25.85
3 Bedrooms 47.20
4 Bedrooms 11.41
5 or more bedrooms 2.71