Davison, MI
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Highest Appreciating Davison Neighborhoods Since 2000




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 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

Davison Housing Market Information

With a population of 4,965, 2,374 total housing units (homes and apartments), and a median house value of $114,386, 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 57.35% of the city's housing units. Other types of housing that are prevalent in Davison include large apartment complexes or high rise apartments ( 30.30%), duplexes, homes converted to apartments or other small apartment buildings ( 9.58%), and a few mobile homes or trailers ( 2.54%).

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 43.28% of the city's housing hails from this era. Other housing ages represented in Davison include homes built between 1970-1999 ( 36.24%) and housing constructed before 1939 ( 15.75%). There's also some housing in Davison built between 2000 and later ( 4.73%).

Davison Home Appreciation Rates

Davison's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Davison during the period has been just -1.79%, which is lower than 80% of US communities.

NeighborhoodScout's data show that during the latest twelve months, Davison's appreciation rate, at 4.24%, has been at or slightly above the national average. In the latest quarter, Davison's appreciation rate has been 0.16%, which annualizes to a rate of 0.64%.

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:
$114,386

Davison, MI HOME PRICES

Value Range
> $1,228,000 0.0
$921,001 - $1,228,000 0.6
$614,001 - $921,000 0.0
$491,001 - $614,000 0.0
$368,001 - $491,000 0.0
$246,001 - $368,000 1.1
$123,001 - $246,000 39.8
$62,001 - $123,000 46.8
$0 - $62,000 11.7

Low for MI
Low for Nation

Value Relative to Nation Value Relative to State
68.6862768076878 62.9807692307692

Number Of Homes And Apartments:
2,374

Davison Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
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
-6.75% -0.40% 2 1
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$797 / per month

Homeownership Rate

Homeownership
Owners 53.33
Renters 46.67
Vacant 7.19

Housing Market Details

 

Age of Homes

AGE OF Davison HOMES
2000 or Newer 4.7
1970 - 1999 36.2
1940 - 1969 43.3
1939 or Older 15.8

Types of Homes

TYPE OF Davison HOMES
Single-Family 57.3
Townhomes 0.2
Small Apt. Buildings 9.6
Apt. Complexes 30.3
Mobile Homes 2.5
Other 0.0

Home Size

SIZE OF Davison HOMES
No Bedroom 2.62
1 Bedroom 20.21
2 Bedrooms 29.63
3 Bedrooms 39.41
4 Bedrooms 7.86
5 or more bedrooms 0.27